Sylvania, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Sylvania, 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

Sylvania Housing Market Information

With 2,538 people, 967 houses or apartments, and a median cost of homes of $120,249, 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 70.08% 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 ( 18.44%), mobile homes or trailers ( 9.43%), and a few large apartment complexes or high rise apartments ( 2.05%).

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 46.28% owning and 53.72% 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 ( 40.74%). A lesser amount of the housing stock also hails from before 1939 ( 15.57%).

Vacant housing appears to be an issue in Sylvania. Fully 20.74% 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

Sylvania's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Sylvania during the period has been just -1.10%, which is lower than 70% of US communities.

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 -0.82%, 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 0.00%, which equates to an annual appreciation rate of 0.00%.

Relative to Georgia, our data show that Sylvania's latest annual appreciation rate is lower than 90% of the other cities and towns in Georgia.

Average Home Values

 

Median Home Value:
$120,249

Sylvania, GA HOME PRICES

Value Range
> $1,062,000 0.0
$797,001 - $1,062,000 0.7
$531,001 - $797,000 0.2
$425,001 - $531,000 0.4
$319,001 - $425,000 4.9
$212,001 - $319,000 14.2
$106,001 - $212,000 27.2
$53,001 - $106,000 32.5
$0 - $53,000 19.8

Average for GA
Low for Nation

Value Relative to Nation Value Relative to State
65.2584085315833 51.5856236786469

Number Of Homes And Apartments:
967

Sylvania 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
20.27% 1.08% 5 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$760 / per month

Homeownership Rate

Homeownership
Owners 46.28
Renters 53.72
Vacant 20.74

Housing Market Details

 

Age of Homes

AGE OF Sylvania HOMES
2000 or Newer 0.7
1970 - 1999 43.0
1940 - 1969 40.7
1939 or Older 15.6

Types of Homes

TYPE OF Sylvania HOMES
Single-Family 70.1
Townhomes 0.0
Small Apt. Buildings 18.4
Apt. Complexes 2.0
Mobile Homes 9.4
Other 0.0

Home Size

SIZE OF Sylvania HOMES
No Bedroom 0.00
1 Bedroom 10.41
2 Bedrooms 27.30
3 Bedrooms 50.74
4 Bedrooms 9.18
5 or more bedrooms 2.38

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Zip Codes in Sylvania, GA