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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
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'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.
|$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|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Townsend HOMES|
|2000 or Newer||35.0|
|1970 - 1999||51.5|
|1940 - 1969||9.9|
|1939 or Older||3.6|
|TYPE OF Townsend HOMES|
|Small Apt. Buildings||3.7|
|SIZE OF Townsend HOMES|
|5 or more bedrooms||3.37|