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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 14,242, 5,210 total housing units (homes and apartments), and a median house value of $219,654, house prices in Bainbridge are solidly below the national average.
Single-family detached homes are the single most common housing type in Bainbridge, accounting for 73.52% of the city's housing units. Other types of housing that are prevalent in Bainbridge include duplexes, homes converted to apartments or other small apartment buildings ( 12.03%), large apartment complexes or high rise apartments ( 8.35%), and a few mobile homes or trailers ( 5.71%).
The most prevalent building size and type in Bainbridge are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 46.59% owning and 53.41% renting.
There is a lot of housing in Bainbridge 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 Bainbridge built between 2000 and later ( 21.99%). A lesser amount of the housing stock also hails from before 1939 ( 16.47%). There's also some housing in Bainbridge built between 1940-1969 ( 14.39%).
Vacant housing appears to be an issue in Bainbridge. Fully 19.45% of the housing stock is classified as vacant. Left unchecked, vacant Bainbridge homes and apartments can be a drag on the real estate market, holding Bainbridge 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.
Appreciation rates for homes in Bainbridge have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 103.64%, which ranks in the top 40% nationwide. This equates to an annual average Bainbridge house appreciation rate of 7.37%.
Appreciation rates are so strong in Bainbridge that despite a nationwide downturn in the housing market, Bainbridge real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Bainbridge appreciation rates continue to be some of the highest in America, at 12.36%, which is higher than appreciation rates in 94.37% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Bainbridge. Bainbridge appreciation rates in the latest quarter were at 0.64%, which equates to an annual appreciation rate of 2.59%.
Relative to Georgia, our data show that Bainbridge'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 Bainbridge differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Bainbridge - 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 Bainbridge real estate investment or home purchase decisions.
$219,654
for Georgia
for nation
5,210
$1,314 / per month