Atlanta, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Atlanta, MI 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

Atlanta Housing Market Information

With a population of 802, 332 total housing units (homes and apartments), and a median house value of $107,658, house prices in Atlanta are solidly below the national average.

Single-family detached homes are the single most common housing type in Atlanta, accounting for 74.06% of the town's housing units. Other types of housing that are prevalent in Atlanta include mobile homes or trailers ( 15.45%), duplexes, homes converted to apartments or other small apartment buildings ( 6.14%), and a few large apartment complexes or high rise apartments ( 4.36%).

Dwellings in Atlanta tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 66.73% of the homes in Atlanta have two or fewer bedrooms.

There is a lot of housing in Atlanta 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 Atlanta built between 1940-1969 ( 32.08%). A lesser amount of the housing stock also hails from between 2000 and later ( 6.73%). There's also some housing in Atlanta built before 1939 ( 6.53%).

Vacant housing appears to be an issue in Atlanta. Fully 34.26% of the housing stock is classified as vacant. Left unchecked, vacant Atlanta homes and apartments can be a drag on the real estate market, holding Atlanta 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.

Atlanta Home Appreciation Rates

Atlanta's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Atlanta during the period has been just -1.26%, which is lower than 70% of US communities.

Appreciation rates are so strong in Atlanta that despite a nationwide downturn in the housing market, Atlanta real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Atlanta appreciation rates continue to be some of the highest in America, at 9.59%, which is higher than appreciation rates in 92.61% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Atlanta. Atlanta appreciation rates in the latest quarter were at 0.00%, which equates to an annual appreciation rate of 0.00%.

Relative to Michigan, our data show that Atlanta's latest annual appreciation rate is higher than 80% of the other cities and towns in Michigan.

Average Home Values

 

Median Home Value:
$107,658

Atlanta, MI HOME PRICES

Value Range
> $1,139,000 0.1
$854,001 - $1,139,000 0.0
$570,001 - $854,000 2.5
$456,001 - $570,000 1.8
$342,001 - $456,000 2.6
$227,001 - $342,000 3.9
$114,001 - $227,000 34.9
$57,001 - $114,000 38.8
$0 - $57,000 15.5

Low for MI
Low for Nation

Value Relative to Nation Value Relative to State
72.752841907887 69.3910256410256

Number Of Homes And Apartments:
332

Atlanta Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MI*
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
4.87% 0.28% 5 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$694 / per month

Homeownership Rate

Homeownership
Owners 70.73
Renters 29.27
Vacant 34.26

Housing Market Details

 

Age of Homes

AGE OF Atlanta HOMES
2000 or Newer 6.7
1970 - 1999 54.7
1940 - 1969 32.1
1939 or Older 6.5

Types of Homes

TYPE OF Atlanta HOMES
Single-Family 74.1
Townhomes 0.0
Small Apt. Buildings 6.1
Apt. Complexes 4.4
Mobile Homes 15.4
Other 0.0

Home Size

SIZE OF Atlanta HOMES
No Bedroom 4.95
1 Bedroom 15.05
2 Bedrooms 46.73
3 Bedrooms 30.30
4 Bedrooms 2.97
5 or more bedrooms 0.00

Popular Neighborhoods in Atlanta

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Zip Codes in Atlanta, MI