Suwanee, GA Real Estate Market

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 Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Suwanee, GA Housing Market Trends

With 20,907 people, 7,012 houses or apartments, and a median cost of homes of $359,209, 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 68.67% of the city's housing units. Other types of housing that are prevalent in Suwanee include large apartment complexes or high rise apartments ( 20.92%), row houses and other attached homes ( 9.67%).

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 74.24% of Suwanee's homes, and 62.07% 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 ( 48.27%). A lesser amount of the housing stock also hails from between 1940-1969 ( 0.91%).

Suwanee Home Appreciation Rates

In the last 10 years, Suwanee has experienced some of the highest home appreciation rates of any community in the nation. Suwanee real estate appreciated 60.87% over the last ten years, which is an average annual home appreciation rate of 4.87%, putting Suwanee in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Suwanee definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Suwanee's appreciation rate, at 5.74%, has been at or slightly above the national average. In the latest quarter, Suwanee's appreciation rate has been 2.04%, which annualizes to a rate of 8.42%.

Relative to Georgia, our data show that Suwanee'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 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

 
info

Median Home Value:
$359,209

Suwanee, GA HOME PRICES

> $1,186,000
0.8%
0.8%
$890,001 - $1,186,000
1.3%
1.3%
$593,001 - $890,000
10.1%
10.1%
$475,001 - $593,000
11.3%
11.3%
$356,001 - $475,000
30.0%
30.0%
$237,001 - $356,000
32.6%
32.6%
$118,001 - $237,000
11.9%
11.9%
$59,001 - $118,000
0.6%
0.6%
$0 - $59,000
1.3%
1.3%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for GA

Value Relative To Nation

Number Of Homes And Apartments:
7,012

Suwanee Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
GA*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
61.89% 2.32%
7
4
* 10 is highest

Rent & Ownership

 
info

Average Market Rent:
$2,323 / per month

Homeownership Rate

Owners
74.2%
74.2%
Renters
25.8%
25.8%
Vacant
4.3%
4.3%
0.0% 100.0%
% OF HOMES

Housing Market Details

 
info

Age of Homes

2000 or Newer
48.3%
48.3%
1970 - 1999
50.8%
50.8%
1940 - 1969
0.9%
0.9%
1939 or Older
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
68.7%
68.7%
Townhomes
9.7%
9.7%
Small Apt. Buildings
0.3%
0.3%
Apt. Complexes
20.9%
20.9%
Mobile Homes
0.5%
0.5%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.0%
0.0%
1 Bedroom
4.8%
4.8%
2 Bedrooms
18.3%
18.3%
3 Bedrooms
30.2%
30.2%
4 Bedrooms
31.9%
31.9%
5 or more bedrooms
14.8%
14.8%
0.0% 100.0%
% OF HOMES