Summerville, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Summerville Neighborhoods Since 2000




Summerville, 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

Summerville Housing Market Information

With 4,452 people, 1,902 houses or apartments, and a median cost of homes of $67,740, house prices in Summerville are some of the most affordable in Georgia as well as the nation.

Single-family detached homes are the single most common housing type in Summerville, accounting for 56.32% of the city's housing units. Other types of housing that are prevalent in Summerville include duplexes, homes converted to apartments or other small apartment buildings ( 18.13%), large apartment complexes or high rise apartments ( 11.79%), and a few mobile homes or trailers ( 11.47%).

People in Summerville primarily live in small (one, two or no bedroom) single-family detached homes. Summerville has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Summerville 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 Summerville built between 1940-1969 ( 29.19%). A lesser amount of the housing stock also hails from before 1939 ( 11.25%). There's also some housing in Summerville built between 2000 and later ( 6.43%).

Vacant housing appears to be an issue in Summerville. Fully 14.44% of the housing stock is classified as vacant. Left unchecked, vacant Summerville homes and apartments can be a drag on the real estate market, holding Summerville 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.

Summerville Home Appreciation Rates

Homes have actually lost value in Summerville over the last then years, as home values have seen a decline of 21.57% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Summerville home appreciation rates at 0.00%, which equates to an annual appreciation rate of 0.00%.

Over the last year, Summerville appreciation rates have trailed the rest of the nation. In the last twelve months, Summerville's appreciation rate has been -0.99%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Summerville were at 0.00%, which equates to an annual appreciation rate of 0.00%.

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

Average Home Values

 

Median Home Value:
$67,740

Summerville, GA HOME PRICES

Value Range
> $1,014,000 0.6
$760,001 - $1,014,000 0.1
$507,001 - $760,000 0.0
$405,001 - $507,000 0.0
$304,001 - $405,000 2.0
$203,001 - $304,000 4.3
$101,001 - $203,000 25.6
$51,001 - $101,000 27.3
$0 - $51,000 40.1

Very Low for GA
Very Low for Nation

Value Relative to Nation Value Relative to State
96.0799249970702 91.1205073995772

Number Of Homes And Apartments:
1,902

Summerville 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
3.61% 0.21% 2 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$712 / per month

Homeownership Rate

Homeownership
Owners 40.43
Renters 59.57
Vacant 14.44

Housing Market Details

 

Age of Homes

AGE OF Summerville HOMES
2000 or Newer 6.4
1970 - 1999 53.1
1940 - 1969 29.2
1939 or Older 11.2

Types of Homes

TYPE OF Summerville HOMES
Single-Family 56.3
Townhomes 2.3
Small Apt. Buildings 18.1
Apt. Complexes 11.8
Mobile Homes 11.5
Other 0.0

Home Size

SIZE OF Summerville HOMES
No Bedroom 7.74
1 Bedroom 14.48
2 Bedrooms 30.45
3 Bedrooms 39.95
4 Bedrooms 5.58
5 or more bedrooms 1.80

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Zip Codes in Summerville, GA