Toccoa, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Toccoa Neighborhoods Since 2000




Toccoa, 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

Toccoa Housing Market Information

With a population of 8,283, 2,828 total housing units (homes and apartments), and a median house value of $103,614, house prices in Toccoa are solidly below the national average.

Single-family detached homes are the single most common housing type in Toccoa, accounting for 68.77% of the city's housing units. Other types of housing that are prevalent in Toccoa include duplexes, homes converted to apartments or other small apartment buildings ( 17.26%), large apartment complexes or high rise apartments ( 6.20%), and a few mobile homes or trailers ( 5.04%).

The most prevalent building size and type in Toccoa are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 56.37% owning and 43.63% renting.

There is a lot of housing in Toccoa 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 Toccoa built between 1940-1969 ( 40.40%). A lesser amount of the housing stock also hails from before 1939 ( 6.35%). There's also some housing in Toccoa built between 2000 and later ( 4.44%).

Vacant housing appears to be an issue in Toccoa. Fully 26.94% of the housing stock is classified as vacant. Left unchecked, vacant Toccoa homes and apartments can be a drag on the real estate market, holding Toccoa 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.

Toccoa Home Appreciation Rates

Toccoa's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Toccoa during the period has been just -1.40%, which is lower than 80% of US communities.

Appreciation rates are so strong in Toccoa that despite a nationwide downturn in the housing market, Toccoa real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Toccoa appreciation rates continue to be some of the highest in America, at 7.68%, which is higher than appreciation rates in 85.21% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Toccoa. Toccoa appreciation rates in the latest quarter were at 0.00%, which equates to an annual appreciation rate of 0.00%.

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

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Toccoa differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Toccoa - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Toccoa real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$103,614

Toccoa, GA HOME PRICES

Value Range
> $1,123,000 0.0
$842,001 - $1,123,000 0.0
$562,001 - $842,000 0.0
$449,001 - $562,000 0.8
$337,001 - $449,000 2.8
$225,001 - $337,000 9.9
$112,001 - $225,000 34.1
$56,001 - $112,000 35.8
$0 - $56,000 16.5

Low for GA
Low for Nation

Value Relative to Nation Value Relative to State
75.2900503925935 64.2706131078224

Number Of Homes And Apartments:
2,828

Toccoa 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
0.94% 0.05% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$701 / per month

Homeownership Rate

Homeownership
Owners 56.37
Renters 43.63
Vacant 26.94

Housing Market Details

 

Age of Homes

AGE OF Toccoa HOMES
2000 or Newer 4.4
1970 - 1999 48.8
1940 - 1969 40.4
1939 or Older 6.4

Types of Homes

TYPE OF Toccoa HOMES
Single-Family 68.8
Townhomes 2.7
Small Apt. Buildings 17.3
Apt. Complexes 6.2
Mobile Homes 5.0
Other 0.0

Home Size

SIZE OF Toccoa HOMES
No Bedroom 3.25
1 Bedroom 8.11
2 Bedrooms 36.71
3 Bedrooms 36.53
4 Bedrooms 14.49
5 or more bedrooms 0.90