Tunnel Hill, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Tunnel Hill Neighborhoods Since 2000




Tunnel Hill, 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

Tunnel Hill Housing Market Information

With 877 people, 378 houses or apartments, and a median cost of homes of $136,884, house prices in Tunnel Hill are solidly below the national average.

Single-family detached homes are the single most common housing type in Tunnel Hill, accounting for 79.81% of the city's housing units. Other types of housing that are prevalent in Tunnel Hill include mobile homes or trailers ( 12.50%), duplexes, homes converted to apartments or other small apartment buildings ( 7.21%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Tunnel Hill. Owner-occupied housing accounts for 68.27% of Tunnel Hill's homes, and 69.23% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Tunnel Hill 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 Tunnel Hill built between 1940-1969 ( 37.26%). A lesser amount of the housing stock also hails from before 1939 ( 8.65%). There's also some housing in Tunnel Hill built between 2000 and later ( 2.64%).

Tunnel Hill Home Appreciation Rates

Real estate appreciation rates in Tunnel Hill's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.65% during the period.

Appreciation rates are so strong in Tunnel Hill that despite a nationwide downturn in the housing market, Tunnel Hill real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Tunnel Hill appreciation rates continue to be some of the highest in America, at 7.54%, which is higher than appreciation rates in 84.30% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Tunnel Hill. Tunnel Hill appreciation rates in the latest quarter were at 2.58%, which equates to an annual appreciation rate of 10.74%.

Importantly, this makes Tunnel Hill 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 Tunnel Hill's latest annual appreciation rate is higher than 80% of the other cities and towns in Georgia.

Average Home Values

 

Median Home Value:
$136,884

Tunnel Hill, GA HOME PRICES

Value Range
> $1,174,000 0.0
$880,001 - $1,174,000 0.2
$587,001 - $880,000 1.5
$470,001 - $587,000 3.9
$352,001 - $470,000 2.9
$235,001 - $352,000 8.6
$117,001 - $235,000 44.7
$59,001 - $117,000 28.9
$0 - $59,000 9.3

Average for GA
Average for Nation

Value Relative to Nation Value Relative to State
56.2873549748037 41.6490486257928

Number Of Homes And Apartments:
378

Tunnel Hill 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
23.40% 1.23% 6 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$808 / per month

Homeownership Rate

Homeownership
Owners 68.27
Renters 31.73
Vacant 9.13

Housing Market Details

 

Age of Homes

AGE OF Tunnel Hill HOMES
2000 or Newer 2.6
1970 - 1999 51.4
1940 - 1969 37.3
1939 or Older 8.7

Types of Homes

TYPE OF Tunnel Hill HOMES
Single-Family 79.8
Townhomes 0.0
Small Apt. Buildings 7.2
Apt. Complexes 0.5
Mobile Homes 12.5
Other 0.0

Home Size

SIZE OF Tunnel Hill HOMES
No Bedroom 0.00
1 Bedroom 0.48
2 Bedrooms 28.13
3 Bedrooms 58.65
4 Bedrooms 10.58
5 or more bedrooms 2.16

Popular Neighborhoods in Tunnel Hill

Zip Codes in Tunnel Hill, GA