Villa Rica, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Villa Rica Neighborhoods Since 2000




Villa Rica, 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

Villa Rica Housing Market Information

With a population of 14,904, 5,378 total housing units (homes and apartments), and a median house value of $142,572, Villa Rica 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 Villa Rica, accounting for 77.11% of the city's housing units. Other types of housing that are prevalent in Villa Rica include large apartment complexes or high rise apartments ( 13.95%), duplexes, homes converted to apartments or other small apartment buildings ( 4.09%), and a few row houses and other attached homes ( 2.83%).

The most prevalent building size and type in Villa Rica are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 64.31% owning and 35.69% renting.

Villa Rica homes and real estate are some of the newest in America. 62.91% of Villa Rica's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Villa Rica real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 19.61%), and between 1940-1969 ( 13.17%). There's also some housing in Villa Rica built before 1939 ( 4.31%).

Villa Rica Home Appreciation Rates

Villa Rica's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Villa Rica during the period has been just -1.63%, which is lower than 80% of US communities.

Appreciation rates are so strong in Villa Rica that despite a nationwide downturn in the housing market, Villa Rica real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Villa Rica appreciation rates continue to be some of the highest in America, at 9.28%, which is higher than appreciation rates in 91.66% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Villa Rica. Villa Rica appreciation rates in the latest quarter were at 1.10%, which equates to an annual appreciation rate of 4.47%.

Relative to Georgia, our data show that Villa Rica's latest annual appreciation rate is higher than 90% 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 Villa Rica differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Villa Rica - 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 Villa Rica real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$142,572

Villa Rica, GA HOME PRICES

Value Range
> $1,267,000 0.1
$951,001 - $1,267,000 0.0
$634,001 - $951,000 1.4
$507,001 - $634,000 1.1
$380,001 - $507,000 3.2
$254,001 - $380,000 12.0
$127,001 - $254,000 42.6
$64,001 - $127,000 29.0
$0 - $64,000 10.7

High for GA
Average for Nation

Value Relative to Nation Value Relative to State
53.5684987694832 37.6321353065539

Number Of Homes And Apartments:
5,378

Villa Rica 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
5.45% 0.31% 2 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,150 / per month

Homeownership Rate

Homeownership
Owners 64.31
Renters 35.69
Vacant 8.75

Housing Market Details

 

Age of Homes

AGE OF Villa Rica HOMES
2000 or Newer 62.9
1970 - 1999 19.6
1940 - 1969 13.2
1939 or Older 4.3

Types of Homes

TYPE OF Villa Rica HOMES
Single-Family 77.1
Townhomes 2.8
Small Apt. Buildings 4.1
Apt. Complexes 13.9
Mobile Homes 2.0
Other 0.0

Home Size

SIZE OF Villa Rica HOMES
No Bedroom 0.51
1 Bedroom 2.38
2 Bedrooms 23.69
3 Bedrooms 43.93
4 Bedrooms 20.94
5 or more bedrooms 8.57