Swainsboro, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Swainsboro, GA Real Estate Data


Swainsboro Housing Market Information

With a population of 7,471, 2,376 total housing units (homes and apartments), and a median house value of $96,643, house prices in Swainsboro are solidly below the national average.

Single-family detached homes are the single most common housing type in Swainsboro, accounting for 76.97% of the city's housing units. Other types of housing that are prevalent in Swainsboro include duplexes, homes converted to apartments or other small apartment buildings ( 9.84%), mobile homes or trailers ( 5.99%), and a few large apartment complexes or high rise apartments ( 3.95%).

The most prevalent building size and type in Swainsboro are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 48.93% owning and 51.07% renting.

There is a lot of housing in Swainsboro 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 Swainsboro built between 1940-1969 ( 35.22%). A lesser amount of the housing stock also hails from between 2000 and later ( 11.08%). There's also some housing in Swainsboro built before 1939 ( 4.29%).

Vacant housing appears to be an issue in Swainsboro. Fully 20.46% of the housing stock is classified as vacant. Left unchecked, vacant Swainsboro homes and apartments can be a drag on the real estate market, holding Swainsboro 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.

Swainsboro Home Appreciation Rates

Real estate appreciation rates in Swainsboro's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.53% during the period.

Over the last year, Swainsboro appreciation rates have trailed the rest of the nation. In the last twelve months, Swainsboro's appreciation rate has been 4.06%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Swainsboro were at 1.23%, which equates to an annual appreciation rate of 5.00%.

Relative to Georgia, our data show that Swainsboro's latest annual appreciation rate is lower than 70% of the other cities and towns in Georgia.

Average Home Values

 

Median Home Value:
$96,643

Swainsboro, GA HOME PRICES

Value Range
> $1,080,000 0.0
$810,001 - $1,080,000 0.0
$540,001 - $810,000 0.2
$432,001 - $540,000 2.3
$324,001 - $432,000 1.4
$216,001 - $324,000 7.9
$108,001 - $216,000 23.9
$54,001 - $108,000 33.6
$0 - $54,000 30.8

Low for GA
Very Low for Nation

Value Relative to Nation Value Relative to State
80.9744100251801 71.0359408033827

Number Of Homes And Apartments:
2,376

Rent & Ownership

 

Average Market Rent:
$802 / per month

Homeownership Rate

Homeownership
Owners 48.93
Renters 51.07
Vacant 20.46

Housing Market Details

 

Age of Homes

AGE OF Swainsboro HOMES
2000 or Newer 11.1
1970 - 1999 49.4
1940 - 1969 35.2
1939 or Older 4.3

Types of Homes

TYPE OF Swainsboro HOMES
Single-Family 77.0
Townhomes 3.2
Small Apt. Buildings 9.8
Apt. Complexes 4.0
Mobile Homes 6.0
Other 0.0

Home Size

SIZE OF Swainsboro HOMES
No Bedroom 1.57
1 Bedroom 9.21
2 Bedrooms 19.82
3 Bedrooms 53.97
4 Bedrooms 10.95
5 or more bedrooms 4.49

Swainsboro 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
24.02% 1.27% 6 2
* 10 is highest

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