Thomson, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Thomson Neighborhoods Since 2000




Thomson, 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

Thomson Housing Market Information

With a population of 6,689, 2,459 total housing units (homes and apartments), and a median house value of $109,942, house prices in Thomson are solidly below the national average.

Single-family detached homes are the single most common housing type in Thomson, accounting for 67.17% of the city's housing units. Other types of housing that are prevalent in Thomson include duplexes, homes converted to apartments or other small apartment buildings ( 14.81%), mobile homes or trailers ( 7.77%), and a few large apartment complexes or high rise apartments ( 7.41%).

The most prevalent building size and type in Thomson are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 38.04% owning and 61.96% renting.

There is a lot of housing in Thomson 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 Thomson built between 1940-1969 ( 34.27%). A lesser amount of the housing stock also hails from between 2000 and later ( 7.08%). There's also some housing in Thomson built before 1939 ( 3.52%).

Vacant housing appears to be an issue in Thomson. Fully 11.58% of the housing stock is classified as vacant. Left unchecked, vacant Thomson homes and apartments can be a drag on the real estate market, holding Thomson 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.

Thomson Home Appreciation Rates

Thomson's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Thomson during the period has been just -0.86%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Thomson's appreciation rate, at 4.70%, has been at or slightly above the national average. In the latest quarter, Thomson's appreciation rate has been 0.72%, which annualizes to a rate of 2.91%.

Relative to Georgia, our data show that Thomson's latest annual appreciation rate is higher than 50% of the other cities and towns in Georgia.

Average Home Values

 

Median Home Value:
$109,942

Thomson, GA HOME PRICES

Value Range
> $1,034,000 0.0
$775,001 - $1,034,000 0.0
$517,001 - $775,000 0.3
$414,001 - $517,000 0.5
$310,001 - $414,000 3.8
$207,001 - $310,000 13.6
$103,001 - $207,000 28.7
$52,001 - $103,000 36.0
$0 - $52,000 17.0

Average for GA
Low for Nation

Value Relative to Nation Value Relative to State
71.3934138052268 58.7737843551797

Number Of Homes And Apartments:
2,459

Thomson 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
29.74% 1.52% 7 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$815 / per month

Homeownership Rate

Homeownership
Owners 38.04
Renters 61.96
Vacant 11.58

Housing Market Details

 

Age of Homes

AGE OF Thomson HOMES
2000 or Newer 7.1
1970 - 1999 55.1
1940 - 1969 34.3
1939 or Older 3.5

Types of Homes

TYPE OF Thomson HOMES
Single-Family 67.2
Townhomes 2.8
Small Apt. Buildings 14.8
Apt. Complexes 7.4
Mobile Homes 7.8
Other 0.0

Home Size

SIZE OF Thomson HOMES
No Bedroom 2.23
1 Bedroom 9.96
2 Bedrooms 29.41
3 Bedrooms 42.43
4 Bedrooms 14.06
5 or more bedrooms 1.91