Soperton, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Soperton, 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

Soperton Housing Market Information

With 3,087 people, 1,172 houses or apartments, and a median cost of homes of $89,420, house prices in Soperton are solidly below the national average.

Single-family detached homes are the single most common housing type in Soperton, accounting for 62.18% of the city's housing units. Other types of housing that are prevalent in Soperton include mobile homes or trailers ( 25.79%), duplexes, homes converted to apartments or other small apartment buildings ( 10.17%), and a few large apartment complexes or high rise apartments ( 1.86%).

The most prevalent building size and type in Soperton are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 50.00% owning and 50.00% renting.

There is a lot of housing in Soperton 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 Soperton built between 1940-1969 ( 34.17%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.03%). There's also some housing in Soperton built before 1939 ( 9.53%).

Vacant housing appears to be an issue in Soperton. Fully 16.05% of the housing stock is classified as vacant. Left unchecked, vacant Soperton homes and apartments can be a drag on the real estate market, holding Soperton 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.

Soperton Home Appreciation Rates

Real estate appreciation rates in Soperton's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.67% during the period.

NeighborhoodScout's data show that during the latest twelve months, Soperton's appreciation rate, at 3.36%, has been at or slightly above the national average. In the latest quarter, Soperton's appreciation rate has been 0.00%, which annualizes to a rate of 0.00%.

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

Average Home Values

 

Median Home Value:
$89,420

Soperton, GA HOME PRICES

Value Range
> $1,103,000 1.7
$827,001 - $1,103,000 0.0
$552,001 - $827,000 0.0
$441,001 - $552,000 0.9
$331,001 - $441,000 1.7
$221,001 - $331,000 5.7
$110,001 - $221,000 26.8
$55,001 - $110,000 32.5
$0 - $55,000 30.6

Low for GA
Very Low for Nation

Value Relative to Nation Value Relative to State
84.4105238485878 75.0528541226216

Number Of Homes And Apartments:
1,172

Soperton 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
33.40% 1.68% 8 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$550 / per month

Homeownership Rate

Homeownership
Owners 50.00
Renters 50.00
Vacant 16.05

Housing Market Details

 

Age of Homes

AGE OF Soperton HOMES
2000 or Newer 10.0
1970 - 1999 46.3
1940 - 1969 34.2
1939 or Older 9.5

Types of Homes

TYPE OF Soperton HOMES
Single-Family 62.2
Townhomes 0.0
Small Apt. Buildings 10.2
Apt. Complexes 1.9
Mobile Homes 25.8
Other 0.0

Home Size

SIZE OF Soperton HOMES
No Bedroom 1.72
1 Bedroom 6.30
2 Bedrooms 30.66
3 Bedrooms 49.50
4 Bedrooms 11.82
5 or more bedrooms 0.00

Popular Neighborhoods in Soperton

Zip Codes in Soperton, GA