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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 22,477 people, 7,847 houses or apartments, and a median cost of homes of $577,933, Suwanee house prices are not only among the most expensive in Georgia, Suwanee real estate also is some of the most expensive in all of America.
Single-family detached homes are the single most common housing type in Suwanee, accounting for 55.59% of the city's housing units. Other types of housing that are prevalent in Suwanee include large apartment complexes or high rise apartments ( 27.41%), row houses and other attached homes ( 14.54%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.46%).
The most prevalent building size and type in Suwanee are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 63.70% owning and 36.30% renting.
Suwanee homes and real estate are some of the newest in America. 55.22% of Suwanee'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 Suwanee real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 44.03%), and between 1940-1969 ( 0.75%).
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 138.72% over the last ten years, which is an average annual home appreciation rate of 9.09%, putting Suwanee in the top 10% 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.
Appreciation rates are so strong in Suwanee that despite a nationwide downturn in the housing market, Suwanee real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Suwanee appreciation rates continue to be some of the highest in America, at 9.12%, which is higher than appreciation rates in 81.61% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Suwanee. Suwanee appreciation rates in the latest quarter were at 2.20%, which equates to an annual appreciation rate of 9.09%.
Relative to Georgia, our data show that Suwanee's latest annual appreciation rate is higher 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.
$577,933
for Georgia
for nation
7,847
$3,817 / per month