Thomson, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Thomson, GA Real Estate Data


Thomson Housing Market Information

With a population of 6,689, 2,516 total housing units (homes and apartments), and a median house value of $111,087, 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 68.12% 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 ( 14.47%), large apartment complexes or high rise apartments ( 9.21%), and a few mobile homes or trailers ( 5.73%).

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 37.29% owning and 62.71% 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 ( 37.03%). A lesser amount of the housing stock also hails from between 2000 and later ( 6.46%). There's also some housing in Thomson built before 1939 ( 3.05%).

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 -0.90%, which is lower than 70% of US communities.

Over the last year, Thomson appreciation rates have trailed the rest of the nation. In the last twelve months, Thomson's appreciation rate has been 3.54%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Thomson were at 3.10%, which equates to an annual appreciation rate of 12.99%.

Importantly, this makes Thomson one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

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

Average Home Values

 

Median Home Value:
$111,087

Thomson, GA HOME PRICES

Value Range
> $1,025,000 0.0
$769,001 - $1,025,000 0.0
$513,001 - $769,000 0.4
$410,001 - $513,000 0.7
$308,001 - $410,000 3.4
$205,001 - $308,000 12.5
$103,001 - $205,000 29.4
$51,001 - $103,000 36.1
$0 - $51,000 17.5

Average for GA
Low for Nation

Value Relative to Nation Value Relative to State
71.6870644726826 59.4080338266385

Number Of Homes And Apartments:
2,516

Rent & Ownership

 

Average Market Rent:
$589 / per month

Homeownership Rate

Homeownership
Owners 37.29
Renters 62.71
Vacant 8.74

Housing Market Details

 

Age of Homes

AGE OF Thomson HOMES
2000 or Newer 6.5
1970 - 1999 53.5
1940 - 1969 37.0
1939 or Older 3.0

Types of Homes

TYPE OF Thomson HOMES
Single-Family 68.1
Townhomes 2.5
Small Apt. Buildings 14.5
Apt. Complexes 9.2
Mobile Homes 5.7
Other 0.0

Home Size

SIZE OF Thomson HOMES
No Bedroom 1.23
1 Bedroom 12.88
2 Bedrooms 32.21
3 Bedrooms 39.86
4 Bedrooms 11.64
5 or more bedrooms 2.18

Thomson 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
25.79% 1.36% 6 3
* 10 is highest