Watkinsville, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Watkinsville, GA Real Estate Data


Watkinsville Housing Market Information

With 2,872 people, 1,016 houses or apartments, and a median cost of homes of $274,880, Watkinsville real estate is some of the most expensive in Georgia, although Watkinsville home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Watkinsville, accounting for 87.01% of the city's housing units. Other types of housing that are prevalent in Watkinsville include duplexes, homes converted to apartments or other small apartment buildings ( 9.08%), row houses and other attached homes ( 3.63%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Watkinsville. Owner-occupied housing accounts for 70.85% of Watkinsville's homes, and 77.75% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Watkinsville 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 Watkinsville built between 2000 and later ( 31.79%). A lesser amount of the housing stock also hails from between 1940-1969 ( 13.44%). There's also some housing in Watkinsville built before 1939 ( 3.09%).

Watkinsville Home Appreciation Rates

Appreciation rates for homes in Watkinsville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 12.62%, which ranks in the top 30% nationwide. This equates to an annual average Watkinsville house appreciation rate of 1.20%.

Appreciation rates are so strong in Watkinsville that despite a nationwide downturn in the housing market, Watkinsville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Watkinsville appreciation rates continue to be some of the highest in America, at 7.36%, which is higher than appreciation rates in 87.53% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Watkinsville. Watkinsville appreciation rates in the latest quarter were at 3.95%, which equates to an annual appreciation rate of 16.77%.

Importantly, this makes Watkinsville 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 Watkinsville's latest annual appreciation rate is higher than 70% of the other cities and towns in Georgia.

Average Home Values

 

Median Home Value:
$274,880

Watkinsville, GA HOME PRICES

Value Range
> $1,214,000 0.0
$910,001 - $1,214,000 0.8
$607,001 - $910,000 4.9
$485,001 - $607,000 3.9
$364,001 - $485,000 18.8
$243,001 - $364,000 31.8
$121,001 - $243,000 32.4
$61,001 - $121,000 6.1
$0 - $61,000 1.4

Very High for GA
Very High for Nation

Value Relative to Nation Value Relative to State
19.6755870469052 5.07399577167019

Number Of Homes And Apartments:
1,016

Rent & Ownership

 

Average Market Rent:
$1,122 / per month

Homeownership Rate

Homeownership
Owners 70.85
Renters 29.15
Vacant 7.72

Housing Market Details

 

Age of Homes

AGE OF Watkinsville HOMES
2000 or Newer 31.8
1970 - 1999 51.7
1940 - 1969 13.4
1939 or Older 3.1

Types of Homes

TYPE OF Watkinsville HOMES
Single-Family 87.0
Townhomes 3.6
Small Apt. Buildings 9.1
Apt. Complexes 0.0
Mobile Homes 0.3
Other 0.0

Home Size

SIZE OF Watkinsville HOMES
No Bedroom 0.00
1 Bedroom 0.00
2 Bedrooms 18.89
3 Bedrooms 61.13
4 Bedrooms 16.62
5 or more bedrooms 3.36

Watkinsville 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
38.74% 1.94% 9 4
* 10 is highest

Popular Neighborhoods in Watkinsville

Zip Codes in Watkinsville, GA