Walthourville, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Walthourville, GA Real Estate Data


Walthourville Housing Market Information

With a population of 3,974, 1,609 total housing units (homes and apartments), and a median house value of $119,007, house prices in Walthourville are solidly below the national average.

Single-family detached homes are the single most common housing type in Walthourville, accounting for 59.58% of the city's housing units. Other types of housing that are prevalent in Walthourville include mobile homes or trailers ( 38.62%), duplexes, homes converted to apartments or other small apartment buildings ( 1.81%).

The most prevalent building size and type in Walthourville are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 53.08% owning and 46.92% renting.

There is a lot of housing in Walthourville 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 Walthourville built between 2000 and later ( 17.60%). A lesser amount of the housing stock also hails from between 1940-1969 ( 9.58%).

Vacant housing appears to be an issue in Walthourville. Fully 19.31% of the housing stock is classified as vacant. Left unchecked, vacant Walthourville homes and apartments can be a drag on the real estate market, holding Walthourville 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.

Walthourville Home Appreciation Rates

Homes have actually lost value in Walthourville over the last then years, as home values have seen a decline of 22.54% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Walthourville home appreciation rates at 2.37%, which equates to an annual appreciation rate of 9.80%.

Over the last year, Walthourville appreciation rates have trailed the rest of the nation. In the last twelve months, Walthourville's appreciation rate has been -8.75%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Walthourville were at 2.37%, which equates to an annual appreciation rate of 9.80%.

Relative to Georgia, our data show that Walthourville's latest annual appreciation rate is lower than 90% of the other cities and towns in Georgia.

Average Home Values

 

Median Home Value:
$119,007

Walthourville, GA HOME PRICES

Value Range
> $997,000 0.0
$748,001 - $997,000 0.0
$499,001 - $748,000 0.7
$399,001 - $499,000 0.0
$299,001 - $399,000 3.6
$200,001 - $299,000 4.5
$100,001 - $200,000 61.3
$50,001 - $100,000 15.9
$0 - $50,000 13.9

Average for GA
Low for Nation

Value Relative to Nation Value Relative to State
66.9262751068689 53.9112050739958

Number Of Homes And Apartments:
1,609

Rent & Ownership

 

Average Market Rent:
$914 / per month

Homeownership Rate

Homeownership
Owners 53.08
Renters 46.92
Vacant 19.31

Housing Market Details

 

Age of Homes

AGE OF Walthourville HOMES
2000 or Newer 17.6
1970 - 1999 72.8
1940 - 1969 9.6
1939 or Older 0.0

Types of Homes

TYPE OF Walthourville HOMES
Single-Family 59.6
Townhomes 0.0
Small Apt. Buildings 1.8
Apt. Complexes 0.0
Mobile Homes 38.6
Other 0.0

Home Size

SIZE OF Walthourville HOMES
No Bedroom 0.00
1 Bedroom 0.00
2 Bedrooms 28.13
3 Bedrooms 51.81
4 Bedrooms 18.71
5 or more bedrooms 1.35

Walthourville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
GA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
10.69% 0.60% 3 1
* 10 is highest

Popular Neighborhoods in Walthourville

Zip Codes in Walthourville, GA