Sandersville, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Sandersville, GA Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Sandersville Housing Market Information

With 5,752 people, 2,165 houses or apartments, and a median cost of homes of $162,472, Sandersville real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Sandersville, accounting for 63.25% of the city's housing units. Other types of housing that are prevalent in Sandersville include duplexes, homes converted to apartments or other small apartment buildings ( 13.68%), mobile homes or trailers ( 12.98%), and a few large apartment complexes or high rise apartments ( 10.09%).

The most prevalent building size and type in Sandersville are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 57.21% owning and 42.79% renting.

There is a lot of housing in Sandersville built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Sandersville built between 1940-1969 ( 33.09%). A lesser amount of the housing stock also hails from before 1939 ( 13.46%). There's also some housing in Sandersville built between 2000 and later ( 12.35%).

Vacant housing appears to be an issue in Sandersville. Fully 19.96% of the housing stock is classified as vacant. Left unchecked, vacant Sandersville homes and apartments can be a drag on the real estate market, holding Sandersville real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Sandersville Home Appreciation Rates

Appreciation rates for homes in Sandersville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 6.76%, which ranks in the top 40% nationwide. This equates to an annual average Sandersville house appreciation rate of 0.66%.

NeighborhoodScout's data show that during the latest twelve months, Sandersville's appreciation rate, at 4.54%, has been at or slightly above the national average. In the latest quarter, Sandersville's appreciation rate has been 0.00%, which annualizes to a rate of 0.00%.

Relative to Georgia, our data show that Sandersville's latest annual appreciation rate is higher than 50% of the other cities and towns in Georgia.

Average Home Values

 

Median Home Value:
$162,472

Sandersville, GA HOME PRICES

Value Range
> $1,165,000 2.0
$874,001 - $1,165,000 1.3
$583,001 - $874,000 0.7
$466,001 - $583,000 1.6
$349,001 - $466,000 4.0
$233,001 - $349,000 12.4
$117,001 - $233,000 29.7
$58,001 - $117,000 28.8
$0 - $58,000 19.6

High for GA
Average for Nation

Value Relative to Nation Value Relative to State
44.6677604593929 26.215644820296

Number Of Homes And Apartments:
2,165

Sandersville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
GA*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
30.42% 1.55% 7 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$694 / per month

Homeownership Rate

Homeownership
Owners 57.21
Renters 42.79
Vacant 19.96

Housing Market Details

 

Age of Homes

AGE OF Sandersville HOMES
2000 or Newer 12.3
1970 - 1999 41.1
1940 - 1969 33.1
1939 or Older 13.5

Types of Homes

TYPE OF Sandersville HOMES
Single-Family 63.3
Townhomes 0.0
Small Apt. Buildings 13.7
Apt. Complexes 10.1
Mobile Homes 13.0
Other 0.0

Home Size

SIZE OF Sandersville HOMES
No Bedroom 3.07
1 Bedroom 7.54
2 Bedrooms 30.98
3 Bedrooms 44.58
4 Bedrooms 9.83
5 or more bedrooms 3.99

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Zip Codes in Sandersville, GA