Townsend, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Townsend, 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

Townsend Housing Market Information

With a population of 9,929, 1,710 total housing units (homes and apartments), and a median house value of $146,990, Townsend real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Townsend, accounting for 54.62% of the town's housing units. Other types of housing that are prevalent in Townsend include mobile homes or trailers ( 38.96%), duplexes, homes converted to apartments or other small apartment buildings ( 3.74%), and a few large apartment complexes or high rise apartments ( 2.58%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Townsend. Owner-occupied housing accounts for 80.71% of Townsend's homes, and 69.20% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Townsend 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 Townsend built between 2000 and later ( 35.05%). A lesser amount of the housing stock also hails from between 1940-1969 ( 9.92%). There's also some housing in Townsend built before 1939 ( 3.58%).

A decent proportion of the Townsend housing stock is seasonally occupied. That is, homes and condos in Townsend are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Townsend housing market speaks to its popularity as a vacation location of choice.

Townsend Home Appreciation Rates

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

Over the last year, Townsend appreciation rates have trailed the rest of the nation. In the last twelve months, Townsend's appreciation rate has been 1.32%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Townsend were at -4.80%, which equates to an annual appreciation rate of -17.86%.

Notably, Townsend's appreciation rate in the latest quarter is one of the lowest in America.

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

Average Home Values

 

Median Home Value:
$146,990

Townsend, GA HOME PRICES

Value Range
> $1,122,000 1.1
$842,001 - $1,122,000 0.7
$561,001 - $842,000 3.1
$449,001 - $561,000 10.6
$336,001 - $449,000 7.0
$224,001 - $336,000 7.6
$112,001 - $224,000 30.5
$56,001 - $112,000 20.7
$0 - $56,000 18.6

High for GA
Average for Nation

Value Relative to Nation Value Relative to State
51.3008320637525 33.8266384778013

Number Of Homes And Apartments:
1,710

Townsend 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
38.76% 1.92% 9 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$815 / per month

Homeownership Rate

Homeownership
Owners 80.71
Renters 19.29
Vacant 50.07

Housing Market Details

 

Age of Homes

AGE OF Townsend HOMES
2000 or Newer 35.0
1970 - 1999 51.5
1940 - 1969 9.9
1939 or Older 3.6

Types of Homes

TYPE OF Townsend HOMES
Single-Family 54.6
Townhomes 0.0
Small Apt. Buildings 3.7
Apt. Complexes 2.6
Mobile Homes 39.0
Other 0.1

Home Size

SIZE OF Townsend HOMES
No Bedroom 1.82
1 Bedroom 4.37
2 Bedrooms 21.24
3 Bedrooms 58.06
4 Bedrooms 11.14
5 or more bedrooms 3.37

Popular Communities Near Townsend, GA

Zip Codes in Townsend, GA