Sylvania, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Sylvania, GA Real Estate Data


Sylvania Housing Market Information

With a population of 2,538, 1,102 total housing units (homes and apartments), and a median house value of $116,136, house prices in Sylvania are solidly below the national average.

Single-family detached homes are the single most common housing type in Sylvania, accounting for 70.89% of the city's housing units. Other types of housing that are prevalent in Sylvania include duplexes, homes converted to apartments or other small apartment buildings ( 18.12%), mobile homes or trailers ( 7.21%), and a few large apartment complexes or high rise apartments ( 3.78%).

The most prevalent building size and type in Sylvania are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 48.51% owning and 51.49% renting.

There is a lot of housing in Sylvania 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 Sylvania built between 1940-1969 ( 40.10%). A lesser amount of the housing stock also hails from before 1939 ( 14.41%).

Vacant housing appears to be an issue in Sylvania. Fully 19.80% of the housing stock is classified as vacant. Left unchecked, vacant Sylvania homes and apartments can be a drag on the real estate market, holding Sylvania 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.

Sylvania Home Appreciation Rates

Real estate appreciation rates in Sylvania's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.40% during the period.

Over the last year, Sylvania appreciation rates have trailed the rest of the nation. In the last twelve months, Sylvania's appreciation rate has been 4.09%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Sylvania were at 1.23%, which equates to an annual appreciation rate of 5.00%.

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

Average Home Values

 

Median Home Value:
$116,136

Sylvania, GA HOME PRICES

Value Range
> $1,055,000 0.0
$791,001 - $1,055,000 0.4
$527,001 - $791,000 0.2
$422,001 - $527,000 1.0
$317,001 - $422,000 6.6
$211,001 - $317,000 14.2
$106,001 - $211,000 24.6
$53,001 - $106,000 34.5
$0 - $53,000 18.6

Average for GA
Low for Nation

Value Relative to Nation Value Relative to State
68.5483398723429 56.0253699788584

Number Of Homes And Apartments:
1,102

Rent & Ownership

 

Average Market Rent:
$718 / per month

Homeownership Rate

Homeownership
Owners 48.51
Renters 51.49
Vacant 19.80

Housing Market Details

 

Age of Homes

AGE OF Sylvania HOMES
2000 or Newer 0.3
1970 - 1999 45.2
1940 - 1969 40.1
1939 or Older 14.4

Types of Homes

TYPE OF Sylvania HOMES
Single-Family 70.9
Townhomes 0.0
Small Apt. Buildings 18.1
Apt. Complexes 3.8
Mobile Homes 7.2
Other 0.0

Home Size

SIZE OF Sylvania HOMES
No Bedroom 0.00
1 Bedroom 10.99
2 Bedrooms 25.18
3 Bedrooms 52.40
4 Bedrooms 9.17
5 or more bedrooms 2.26

Sylvania 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
25.60% 1.35% 6 3
* 10 is highest

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Zip Codes in Sylvania, GA