Stockbridge, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Stockbridge, GA Real Estate Data


Stockbridge Housing Market Information

With 28,202 people, 9,388 houses or apartments, and a median cost of homes of $183,689, Stockbridge real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Stockbridge, accounting for 70.01% of the city's housing units. Other types of housing that are prevalent in Stockbridge include large apartment complexes or high rise apartments ( 22.58%), mobile homes or trailers ( 3.18%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.48%).

The most prevalent building size and type in Stockbridge are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 57.36% owning and 42.64% renting.

Stockbridge homes and real estate are some of the newest in America. 51.26% of Stockbridge's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Stockbridge real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 44.24%), and between 1940-1969 ( 3.31%). There's also some housing in Stockbridge built before 1939 ( 1.19%).

Vacant housing appears to be an issue in Stockbridge. Fully 11.20% of the housing stock is classified as vacant. Left unchecked, vacant Stockbridge homes and apartments can be a drag on the real estate market, holding Stockbridge 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.

Stockbridge Home Appreciation Rates

Homes have actually lost value in Stockbridge over the last then years, as home values have seen a decline of 20.13% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Stockbridge home appreciation rates at 0.12%, which equates to an annual appreciation rate of 0.46%.

NeighborhoodScout's data show that during the latest twelve months, Stockbridge's appreciation rate, at 4.95%, has been at or slightly above the national average. In the latest quarter, Stockbridge's appreciation rate has been 0.12%, which annualizes to a rate of 0.46%.

Relative to Georgia, our data show that Stockbridge's latest annual appreciation rate is higher than 50% 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 Stockbridge differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Stockbridge - 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 Stockbridge real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$183,689

Stockbridge, GA HOME PRICES

Value Range
> $1,244,000 0.3
$933,001 - $1,244,000 0.8
$622,001 - $933,000 1.9
$498,001 - $622,000 2.0
$373,001 - $498,000 2.9
$249,001 - $373,000 14.4
$125,001 - $249,000 45.0
$62,001 - $125,000 24.9
$0 - $62,000 7.9

Very High for GA
High for Nation

Value Relative to Nation Value Relative to State
36.4467362006328 19.0274841437632

Number Of Homes And Apartments:
9,388

Rent & Ownership

 

Average Market Rent:
$1,214 / per month

Homeownership Rate

Homeownership
Owners 57.36
Renters 42.64
Vacant 11.20

Housing Market Details

 

Age of Homes

AGE OF Stockbridge HOMES
2000 or Newer 51.3
1970 - 1999 44.2
1940 - 1969 3.3
1939 or Older 1.2

Types of Homes

TYPE OF Stockbridge HOMES
Single-Family 70.0
Townhomes 1.8
Small Apt. Buildings 2.5
Apt. Complexes 22.6
Mobile Homes 3.2
Other 0.0

Home Size

SIZE OF Stockbridge HOMES
No Bedroom 2.16
1 Bedroom 4.18
2 Bedrooms 23.71
3 Bedrooms 36.98
4 Bedrooms 23.19
5 or more bedrooms 9.78

Stockbridge Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
GA*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
-4.73% -0.28% 1 1
* 10 is highest