Suwanee, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Suwanee, 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

Suwanee Housing Market Information

With a population of 18,694, 5,525 total housing units (homes and apartments), and a median house value of $283,337, Suwanee real estate is some of the most expensive in Georgia, although Suwanee home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Suwanee, accounting for 70.73% of the city's housing units. Other types of housing that are prevalent in Suwanee include large apartment complexes or high rise apartments ( 18.27%), row houses and other attached homes ( 9.42%), and a few mobile homes or trailers ( 1.34%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Suwanee. Owner-occupied housing accounts for 73.43% of Suwanee's homes, and 61.78% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Suwanee 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 Suwanee built between 2000 and later ( 42.90%). A lesser amount of the housing stock also hails from between 1940-1969 ( 3.27%).

Suwanee Home Appreciation Rates

Appreciation rates for homes in Suwanee have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 0.36%, which ranks in the top 50% nationwide. This equates to an annual average Suwanee house appreciation rate of 0.04%.

NeighborhoodScout's data show that during the latest twelve months, Suwanee's appreciation rate, at 3.32%, has been at or slightly above the national average. In the latest quarter, Suwanee's appreciation rate has been 1.10%, which annualizes to a rate of 4.47%.

Relative to Georgia, our data show that Suwanee's latest annual appreciation rate is lower than 60% 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 Suwanee differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Suwanee - 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 Suwanee real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$283,337

Suwanee, GA HOME PRICES

Value Range
> $1,233,000 1.8
$925,001 - $1,233,000 0.2
$617,001 - $925,000 4.3
$493,001 - $617,000 5.8
$370,001 - $493,000 15.4
$247,001 - $370,000 39.5
$124,001 - $247,000 30.0
$62,001 - $124,000 0.5
$0 - $62,000 2.5

Very High for GA
Very High for Nation

Value Relative to Nation Value Relative to State
18.1178952302824 4.43974630021142

Number Of Homes And Apartments:
5,525

Suwanee 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
26.69% 1.38% 6 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,098 / per month

Homeownership Rate

Homeownership
Owners 73.43
Renters 26.57
Vacant 3.96

Housing Market Details

 

Age of Homes

AGE OF Suwanee HOMES
2000 or Newer 42.9
1970 - 1999 53.6
1940 - 1969 3.3
1939 or Older 0.2

Types of Homes

TYPE OF Suwanee HOMES
Single-Family 70.7
Townhomes 9.4
Small Apt. Buildings 0.2
Apt. Complexes 18.3
Mobile Homes 1.3
Other 0.0

Home Size

SIZE OF Suwanee HOMES
No Bedroom 0.16
1 Bedroom 4.59
2 Bedrooms 15.68
3 Bedrooms 30.04
4 Bedrooms 31.74
5 or more bedrooms 17.80