Social Circle, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Social Circle, 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

Social Circle Housing Market Information

With 4,383 people, 1,488 houses or apartments, and a median cost of homes of $162,874, Social Circle 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 Social Circle, accounting for 84.02% of the city's housing units. Other types of housing that are prevalent in Social Circle include duplexes, homes converted to apartments or other small apartment buildings ( 10.71%), mobile homes or trailers ( 1.70%).

The most prevalent building size and type in Social Circle are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 59.88% owning and 40.12% renting.

There is a lot of housing in Social Circle 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 Social Circle built between 1940-1969 ( 22.66%). A lesser amount of the housing stock also hails from between 2000 and later ( 20.90%). There's also some housing in Social Circle built before 1939 ( 8.72%).

Vacant housing appears to be an issue in Social Circle. Fully 12.88% of the housing stock is classified as vacant. Left unchecked, vacant Social Circle homes and apartments can be a drag on the real estate market, holding Social Circle 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.

Social Circle Home Appreciation Rates

Social Circle's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Social Circle during the period has been just -0.85%, which is lower than 70% of US communities.

Appreciation rates are so strong in Social Circle that despite a nationwide downturn in the housing market, Social Circle real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Social Circle appreciation rates continue to be some of the highest in America, at 11.03%, which is higher than appreciation rates in 96.11% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Social Circle. Social Circle 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 Social Circle's latest annual appreciation rate is higher than 90% of the other cities and towns in Georgia.

Average Home Values

 

Median Home Value:
$162,874

Social Circle, GA HOME PRICES

Value Range
> $1,305,000 0.0
$979,001 - $1,305,000 2.5
$653,001 - $979,000 1.2
$522,001 - $653,000 1.0
$391,001 - $522,000 4.2
$261,001 - $391,000 9.7
$131,001 - $261,000 41.8
$65,001 - $131,000 29.2
$0 - $65,000 10.3

High for GA
Average for Nation

Value Relative to Nation Value Relative to State
44.4802531348881 25.5813953488372

Number Of Homes And Apartments:
1,488

Social Circle 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
17.51% 0.94% 4 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,081 / per month

Homeownership Rate

Homeownership
Owners 59.88
Renters 40.12
Vacant 12.88

Housing Market Details

 

Age of Homes

AGE OF Social Circle HOMES
2000 or Newer 20.9
1970 - 1999 47.7
1940 - 1969 22.7
1939 or Older 8.7

Types of Homes

TYPE OF Social Circle HOMES
Single-Family 84.0
Townhomes 0.0
Small Apt. Buildings 10.7
Apt. Complexes 0.0
Mobile Homes 1.7
Other 3.6

Home Size

SIZE OF Social Circle HOMES
No Bedroom 0.00
1 Bedroom 4.45
2 Bedrooms 21.37
3 Bedrooms 61.01
4 Bedrooms 11.83
5 or more bedrooms 1.35

Popular Neighborhoods in Social Circle

Zip Codes in Social Circle, GA