Sandy Springs, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Sandy Springs Neighborhoods Since 2000




Sandy Springs, 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

Sandy Springs Housing Market Information

With 105,330 people, 43,058 houses or apartments, and a median cost of homes of $521,653, Sandy Springs house prices are not only among the most expensive in Georgia, Sandy Springs real estate also is some of the most expensive in all of America.

Large apartment complexes or high rise apartments are the single most common housing type in Sandy Springs, accounting for 53.12% of the city's housing units. Other types of housing that are prevalent in Sandy Springs include single-family detached homes ( 34.28%), row houses and other attached homes ( 8.08%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.18%). Cities that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of cities are often walkable and compact, and often have a lively downtown.

People in Sandy Springs primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Sandy Springs has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Sandy Springs 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 Sandy Springs built between 1940-1969 ( 18.68%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.89%).

Sandy Springs Home Appreciation Rates

Appreciation rates for homes in Sandy Springs have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 9.20%, which ranks in the top 30% nationwide. This equates to an annual average Sandy Springs house appreciation rate of 0.88%.

Appreciation rates are so strong in Sandy Springs that despite a nationwide downturn in the housing market, Sandy Springs real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Sandy Springs appreciation rates continue to be some of the highest in America, at 5.89%, which is higher than appreciation rates in 73.12% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Sandy Springs. Sandy Springs appreciation rates in the latest quarter were at 1.10%, which equates to an annual appreciation rate of 4.47%.

Relative to Georgia, our data show that Sandy Springs's latest annual appreciation rate is higher than 60% of the other cities and towns in Georgia.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Sandy Springs differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Sandy Springs - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Sandy Springs real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$521,653

Sandy Springs, GA HOME PRICES

Value Range
> $1,222,000 7.2
$917,001 - $1,222,000 6.0
$611,001 - $917,000 19.5
$489,001 - $611,000 15.6
$366,001 - $489,000 13.3
$244,001 - $366,000 10.9
$122,001 - $244,000 14.8
$61,001 - $122,000 10.5
$0 - $61,000 2.3

Very High for GA
Very High for Nation

Value Relative to Nation Value Relative to State
5.34981835227939 0.422832980972516

Number Of Homes And Apartments:
43,058

Sandy Springs 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
39.93% 1.97% 9 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,318 / per month

Homeownership Rate

Homeownership
Owners 46.41
Renters 53.59
Vacant 9.06

Housing Market Details

 

Age of Homes

AGE OF Sandy Springs HOMES
2000 or Newer 10.9
1970 - 1999 69.8
1940 - 1969 18.7
1939 or Older 0.6

Types of Homes

TYPE OF Sandy Springs HOMES
Single-Family 34.3
Townhomes 8.1
Small Apt. Buildings 4.2
Apt. Complexes 53.1
Mobile Homes 0.3
Other 0.0

Home Size

SIZE OF Sandy Springs HOMES
No Bedroom 1.21
1 Bedroom 20.90
2 Bedrooms 34.49
3 Bedrooms 17.15
4 Bedrooms 14.00
5 or more bedrooms 12.25