St. Marys, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating St. Marys Neighborhoods Since 2000




St. Marys, GA Real Estate Data


St. Marys Housing Market Information

With 17,968 people, 6,488 houses or apartments, and a median cost of homes of $188,015, St. Marys real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in St. Marys, accounting for 67.89% of the city's housing units. Other types of housing that are prevalent in St. Marys include large apartment complexes or high rise apartments ( 16.31%), mobile homes or trailers ( 5.61%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.61%).

The most prevalent building size and type in St. Marys are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 50.10% owning and 49.90% renting.

There is a lot of housing in St. Marys 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 St. Marys built between 2000 and later ( 27.48%). A lesser amount of the housing stock also hails from between 1940-1969 ( 15.37%). There's also some housing in St. Marys built before 1939 ( 2.70%).

Vacant housing appears to be an issue in St. Marys. Fully 12.47% of the housing stock is classified as vacant. Left unchecked, vacant St. Marys homes and apartments can be a drag on the real estate market, holding St. Marys 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.

St. Marys Home Appreciation Rates

Homes have actually lost value in St. Marys over the last then years, as home values have seen a decline of 20.38% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows St. Marys home appreciation rates at 1.23%, which equates to an annual appreciation rate of 5.00%.

NeighborhoodScout's data show that during the latest twelve months, St. Marys's appreciation rate, at 4.49%, has been at or slightly above the national average. In the latest quarter, St. Marys's appreciation rate has been 1.23%, which annualizes to a rate of 5.00%.

Relative to Georgia, our data show that St. Marys's latest annual appreciation rate is lower than 70% 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 St. Marys differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in St. Marys - 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 St. Marys real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$188,015

St. Marys, GA HOME PRICES

Value Range
> $1,077,000 0.5
$808,001 - $1,077,000 0.3
$538,001 - $808,000 2.8
$431,001 - $538,000 2.4
$323,001 - $431,000 7.9
$215,001 - $323,000 21.0
$108,001 - $215,000 47.9
$54,001 - $108,000 14.2
$0 - $54,000 3.1

Very High for GA
High for Nation

Value Relative to Nation Value Relative to State
36.4759618199918 19.4503171247357

Number Of Homes And Apartments:
6,488

Rent & Ownership

 

Average Market Rent:
$1,222 / per month

Homeownership Rate

Homeownership
Owners 50.10
Renters 49.90
Vacant 12.47

Housing Market Details

 

Age of Homes

AGE OF St. Marys HOMES
2000 or Newer 27.5
1970 - 1999 54.5
1940 - 1969 15.4
1939 or Older 2.7

Types of Homes

TYPE OF St. Marys HOMES
Single-Family 67.9
Townhomes 4.6
Small Apt. Buildings 5.6
Apt. Complexes 16.3
Mobile Homes 5.6
Other 0.0

Home Size

SIZE OF St. Marys HOMES
No Bedroom 1.50
1 Bedroom 6.64
2 Bedrooms 17.26
3 Bedrooms 50.20
4 Bedrooms 21.60
5 or more bedrooms 2.81

St. Marys Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
GA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
31.70% 1.63% 7 3
* 10 is highest