Statesboro, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Statesboro Neighborhoods Since 2000




Statesboro, 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

Statesboro Housing Market Information

With a population of 30,721, 10,454 total housing units (homes and apartments), and a median house value of $133,886, house prices in Statesboro are solidly below the national average.

Single-family detached homes are the single most common housing type in Statesboro, accounting for 38.63% of the city's housing units. Other types of housing that are prevalent in Statesboro include large apartment complexes or high rise apartments ( 38.31%), duplexes, homes converted to apartments or other small apartment buildings ( 18.94%), and a few mobile homes or trailers ( 2.20%).

Statesboro is dominated by renter-occupied one, two, or no bedrooms apartments. 82.84% of Statesboro's dwellings are rentals.

There is a lot of housing in Statesboro 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 Statesboro built between 2000 and later ( 32.28%). A lesser amount of the housing stock also hails from between 1940-1969 ( 18.09%). There's also some housing in Statesboro built before 1939 ( 4.58%).

Vacant housing appears to be an issue in Statesboro. Fully 13.75% of the housing stock is classified as vacant. Left unchecked, vacant Statesboro homes and apartments can be a drag on the real estate market, holding Statesboro 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.

Statesboro Home Appreciation Rates

Statesboro's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Statesboro during the period has been just -1.30%, which is lower than 70% of US communities.

Over the last year, Statesboro appreciation rates have trailed the rest of the nation. In the last twelve months, Statesboro's appreciation rate has been 1.10%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Statesboro were at 0.00%, which equates to an annual appreciation rate of 0.00%.

Relative to Georgia, our data show that Statesboro's latest annual appreciation rate is lower than 80% 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 Statesboro differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Statesboro - 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 Statesboro real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$133,886

Statesboro, GA HOME PRICES

Value Range
> $1,055,000 0.5
$791,001 - $1,055,000 0.9
$527,001 - $791,000 1.0
$422,001 - $527,000 2.0
$316,001 - $422,000 5.5
$211,001 - $316,000 11.6
$105,001 - $211,000 46.9
$53,001 - $105,000 25.3
$0 - $53,000 6.3

Average for GA
Average for Nation

Value Relative to Nation Value Relative to State
57.6936599085902 42.7061310782241

Number Of Homes And Apartments:
10,454

Statesboro 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
23.56% 1.23% 6 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$906 / per month

Homeownership Rate

Homeownership
Owners 17.16
Renters 82.84
Vacant 13.75

Housing Market Details

 

Age of Homes

AGE OF Statesboro HOMES
2000 or Newer 32.3
1970 - 1999 45.0
1940 - 1969 18.1
1939 or Older 4.6

Types of Homes

TYPE OF Statesboro HOMES
Single-Family 38.6
Townhomes 1.9
Small Apt. Buildings 18.9
Apt. Complexes 38.3
Mobile Homes 2.2
Other 0.0

Home Size

SIZE OF Statesboro HOMES
No Bedroom 0.59
1 Bedroom 7.82
2 Bedrooms 43.97
3 Bedrooms 30.59
4 Bedrooms 15.83
5 or more bedrooms 1.20