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




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St. Simons, 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

St. Simons Housing Market Information

With a population of 13,145, 6,378 total housing units (homes and apartments), and a median house value of $380,013, St. Simons house prices are not only among the most expensive in Georgia, St. Simons real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in St. Simons, accounting for 65.45% of the town's housing units. Other types of housing that are prevalent in St. Simons include large apartment complexes or high rise apartments ( 18.67%), duplexes, homes converted to apartments or other small apartment buildings ( 8.67%), and a few row houses and other attached homes ( 4.86%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in St. Simons. Owner-occupied housing accounts for 68.22% of St. Simons's homes, and 62.33% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in St. Simons 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. Simons built between 2000 and later ( 19.84%). A lesser amount of the housing stock also hails from between 1940-1969 ( 16.19%). There's also some housing in St. Simons built before 1939 ( 3.02%).

Vacant housing appears to be an issue in St. Simons. Fully 35.65% of the housing stock is classified as vacant. Left unchecked, vacant St. Simons homes and apartments can be a drag on the real estate market, holding St. Simons 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. Simons Home Appreciation Rates

St. Simons's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in St. Simons during the period has been just -1.56%, which is lower than 80% of US communities.

Over the last year, St. Simons appreciation rates have trailed the rest of the nation. In the last twelve months, St. Simons's appreciation rate has been -1.30%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in St. Simons were at -4.80%, which equates to an annual appreciation rate of -17.86%.

Notably, St. Simons's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Georgia, our data show that St. Simons's latest annual appreciation rate is lower than 90% of the other cities and towns in Georgia.

Average Home Values

 

Median Home Value:
$380,013

St. Simons, GA HOME PRICES

Value Range
> $1,153,000 4.0
$865,001 - $1,153,000 7.1
$577,001 - $865,000 13.7
$461,001 - $577,000 12.6
$346,001 - $461,000 21.5
$231,001 - $346,000 22.6
$115,001 - $231,000 12.8
$58,001 - $115,000 3.3
$0 - $58,000 2.3

Very High for GA
Very High for Nation

Value Relative to Nation Value Relative to State
10.3890776983476 1.90274841437632

Number Of Homes And Apartments:
6,378

St. Simons 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
44.28% 2.15% 9 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,615 / per month

Homeownership Rate

Homeownership
Owners 68.22
Renters 31.78
Vacant 35.65

Housing Market Details

 

Age of Homes

AGE OF St. Simons HOMES
2000 or Newer 19.8
1970 - 1999 61.0
1940 - 1969 16.2
1939 or Older 3.0

Types of Homes

TYPE OF St. Simons HOMES
Single-Family 65.5
Townhomes 4.9
Small Apt. Buildings 8.7
Apt. Complexes 18.7
Mobile Homes 2.4
Other 0.0

Home Size

SIZE OF St. Simons HOMES
No Bedroom 0.59
1 Bedroom 4.51
2 Bedrooms 28.84
3 Bedrooms 45.05
4 Bedrooms 17.28
5 or more bedrooms 3.73

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Zip Codes in St. Simons, GA