Athens, GA Real Estate Market

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 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Athens, GA Housing Market Trends

With a population of 126,913, 48,300 total housing units (homes and apartments), and a median house value of $221,883, Athens real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Athens, accounting for 46.24% of the city's housing units. Other types of housing that are prevalent in Athens include large apartment complexes or high rise apartments ( 27.87%), duplexes, homes converted to apartments or other small apartment buildings ( 13.94%), and a few row houses and other attached homes ( 7.14%).

The most prevalent building size and type in Athens are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 35.08% owning and 64.92% renting.

There is a lot of housing in Athens 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 Athens built between 2000 and later ( 21.51%). A lesser amount of the housing stock also hails from between 1940-1969 ( 21.26%). There's also some housing in Athens built before 1939 ( 4.82%).

Athens Home Appreciation Rates

Appreciation rates for homes in Athens have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 55.78%, which ranks in the top 30% nationwide. This equates to an annual average Athens house appreciation rate of 4.53%.

Over the last year, Athens appreciation rates have trailed the rest of the nation. In the last twelve months, Athens's appreciation rate has been 4.15%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Athens were at 0.70%, which equates to an annual appreciation rate of 2.83%.

Notably, Athens's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Georgia, our data show that Athens's latest annual appreciation rate is lower than 80% 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 Athens differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Athens - 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 Athens real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$221,883

Athens, GA HOME PRICES

> $1,269,000
0.7%
0.7%
$951,001 - $1,269,000
1.2%
1.2%
$634,001 - $951,000
5.2%
5.2%
$507,001 - $634,000
4.0%
4.0%
$381,001 - $507,000
8.1%
8.1%
$254,001 - $381,000
18.4%
18.4%
$127,001 - $254,000
39.8%
39.8%
$63,001 - $127,000
15.3%
15.3%
$0 - $63,000
7.1%
7.1%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

High for GA

Value Relative To Nation

Number Of Homes And Apartments:
48,300

Athens Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
GA*
Compared To
America*
Latest Quarter:
2020 Q4 - 2021 Q1
Last 12 Months:
2020 Q1 - 2021 Q1
Last 2 Years:
2019 Q1 - 2021 Q1
Last 5 Years:
2016 Q1 - 2021 Q1
Last 10 Years:
2011 Q1 - 2021 Q1
Since 2000:
2000 Q1 - 2021 Q1
75.56% 2.68%
9
5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$993 / per month

Homeownership Rate

Owners
35.1%
35.1%
Renters
64.9%
64.9%
Vacant
7.7%
7.7%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
21.5%
21.5%
1970 - 1999
52.4%
52.4%
1940 - 1969
21.3%
21.3%
1939 or Older
4.8%
4.8%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
46.2%
46.2%
Townhomes
7.1%
7.1%
Small Apt. Buildings
13.9%
13.9%
Apt. Complexes
27.9%
27.9%
Mobile Homes
4.7%
4.7%
Other
0.1%
0.1%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.6%
2.6%
1 Bedroom
12.0%
12.0%
2 Bedrooms
32.1%
32.1%
3 Bedrooms
34.5%
34.5%
4 Bedrooms
15.4%
15.4%
5 or more bedrooms
3.4%
3.4%
0.0% 100.0%
% OF HOMES