Stone Mountain, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Stone Mountain Neighborhoods Since 2000




Stone Mountain, GA Real Estate Data


Stone Mountain Housing Market Information

With a population of 6,109, 2,419 total housing units (homes and apartments), and a median house value of $125,033, house prices in Stone Mountain are solidly below the national average.

Single-family detached homes are the single most common housing type in Stone Mountain, accounting for 58.75% of the city's housing units. Other types of housing that are prevalent in Stone Mountain include large apartment complexes or high rise apartments ( 21.96%), row houses and other attached homes ( 10.78%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 8.51%).

The most prevalent building size and type in Stone Mountain are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 56.75% owning and 43.25% renting.

There is a lot of housing in Stone Mountain 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 Stone Mountain built between 1940-1969 ( 17.09%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.26%). There's also some housing in Stone Mountain built before 1939 ( 9.09%).

Vacant housing appears to be an issue in Stone Mountain. Fully 16.99% of the housing stock is classified as vacant. Left unchecked, vacant Stone Mountain homes and apartments can be a drag on the real estate market, holding Stone Mountain 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.

Stone Mountain Home Appreciation Rates

Homes have actually lost value in Stone Mountain over the last then years, as home values have seen a decline of 20.14% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Stone Mountain home appreciation rates at 2.99%, which equates to an annual appreciation rate of 12.51%.

Appreciation rates are so strong in Stone Mountain that despite a nationwide downturn in the housing market, Stone Mountain real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Stone Mountain appreciation rates continue to be some of the highest in America, at 8.39%, which is higher than appreciation rates in 93.44% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Stone Mountain. Stone Mountain appreciation rates in the latest quarter were at 2.99%, which equates to an annual appreciation rate of 12.51%.

Importantly, this makes Stone Mountain one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Georgia, our data show that Stone Mountain's latest annual appreciation rate is higher than 90% 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 Stone Mountain differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Stone Mountain - 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 Stone Mountain real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$125,033

Stone Mountain, GA HOME PRICES

Value Range
> $1,277,000 0.0
$958,001 - $1,277,000 1.9
$638,001 - $958,000 0.3
$510,001 - $638,000 1.2
$383,001 - $510,000 0.2
$255,001 - $383,000 6.4
$127,001 - $255,000 32.7
$64,001 - $127,000 41.7
$0 - $64,000 15.6

Average for GA
Low for Nation

Value Relative to Nation Value Relative to State
63.6470105990514 49.6828752642706

Number Of Homes And Apartments:
2,419

Rent & Ownership

 

Average Market Rent:
$1,570 / per month

Homeownership Rate

Homeownership
Owners 56.75
Renters 43.25
Vacant 16.99

Housing Market Details

 

Age of Homes

AGE OF Stone Mountain HOMES
2000 or Newer 10.3
1970 - 1999 63.6
1940 - 1969 17.1
1939 or Older 9.1

Types of Homes

TYPE OF Stone Mountain HOMES
Single-Family 58.8
Townhomes 10.8
Small Apt. Buildings 8.5
Apt. Complexes 22.0
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Stone Mountain HOMES
No Bedroom 0.00
1 Bedroom 6.25
2 Bedrooms 34.59
3 Bedrooms 48.42
4 Bedrooms 8.85
5 or more bedrooms 1.89

Stone Mountain 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
-5.64% -0.34% 1 1
* 10 is highest