Sylvester, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Sylvester, 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

Sylvester Housing Market Information

With a population of 6,049, 2,288 total housing units (homes and apartments), and a median house value of $91,293, house prices in Sylvester are solidly below the national average.

Single-family detached homes are the single most common housing type in Sylvester, accounting for 53.76% of the city's housing units. Other types of housing that are prevalent in Sylvester include mobile homes or trailers ( 20.92%), duplexes, homes converted to apartments or other small apartment buildings ( 15.36%), and a few large apartment complexes or high rise apartments ( 7.52%).

The most prevalent building size and type in Sylvester are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 55.77% owning and 44.23% renting.

There is a lot of housing in Sylvester 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 Sylvester built between 1940-1969 ( 27.68%). A lesser amount of the housing stock also hails from before 1939 ( 11.60%). There's also some housing in Sylvester built between 2000 and later ( 7.44%).

Sylvester Home Appreciation Rates

Real estate appreciation rates in Sylvester's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.61% during the period.

Over the last year, Sylvester appreciation rates have trailed the rest of the nation. In the last twelve months, Sylvester's appreciation rate has been 1.19%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Sylvester were at 0.87%, which equates to an annual appreciation rate of 3.53%.

Relative to Georgia, our data show that Sylvester's latest annual appreciation rate is lower than 80% of the other cities and towns in Georgia.

Average Home Values

 

Median Home Value:
$91,293

Sylvester, GA HOME PRICES

Value Range
> $1,029,000 0.0
$772,001 - $1,029,000 1.5
$514,001 - $772,000 0.1
$412,001 - $514,000 0.0
$309,001 - $412,000 1.1
$206,001 - $309,000 5.0
$103,001 - $206,000 25.2
$52,001 - $103,000 36.1
$0 - $52,000 31.0

Low for GA
Very Low for Nation

Value Relative to Nation Value Relative to State
83.0833235673268 72.5158562367865

Number Of Homes And Apartments:
2,288

Sylvester 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
25.24% 1.31% 6 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$850 / per month

Homeownership Rate

Homeownership
Owners 55.77
Renters 44.23
Vacant 8.48

Housing Market Details

 

Age of Homes

AGE OF Sylvester HOMES
2000 or Newer 7.4
1970 - 1999 53.3
1940 - 1969 27.7
1939 or Older 11.6

Types of Homes

TYPE OF Sylvester HOMES
Single-Family 53.8
Townhomes 2.4
Small Apt. Buildings 15.4
Apt. Complexes 7.5
Mobile Homes 20.9
Other 0.0

Home Size

SIZE OF Sylvester HOMES
No Bedroom 0.60
1 Bedroom 7.12
2 Bedrooms 24.32
3 Bedrooms 56.36
4 Bedrooms 9.56
5 or more bedrooms 2.04

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Zip Codes in Sylvester, GA