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 10,027, 3,594 total housing units (homes and apartments), and a median house value of $277,045, Cairo real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Cairo, accounting for 65.44% of the city's housing units. Other types of housing that are prevalent in Cairo include mobile homes or trailers ( 12.55%), duplexes, homes converted to apartments or other small apartment buildings ( 11.85%), and a few large apartment complexes or high rise apartments ( 8.98%).
The most prevalent building size and type in Cairo are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 48.26% owning and 51.74% renting.
There is a lot of housing in Cairo 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 Cairo built between 1940-1969 ( 26.52%). A lesser amount of the housing stock also hails from between 2000 and later ( 14.40%). There's also some housing in Cairo built before 1939 ( 3.76%).
Vacant housing appears to be an issue in Cairo. Fully 13.44% of the housing stock is classified as vacant. Left unchecked, vacant Cairo homes and apartments can be a drag on the real estate market, holding Cairo 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 Cairo have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 101.46%, which ranks in the top 40% nationwide. This equates to an annual average Cairo house appreciation rate of 7.26%.
NeighborhoodScout's data show that during the latest twelve months, Cairo's appreciation rate, at 7.70%, has been at or slightly above the national average. In the latest quarter, Cairo's appreciation rate has been 0.64%, which annualizes to a rate of 2.59%.
Relative to Georgia, our data show that Cairo's latest annual appreciation rate is lower than 50% 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 Cairo differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Cairo - 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 Cairo real estate investment or home purchase decisions.
$277,045
for Georgia
for nation
3,594
$1,432 / per month