Cohutta, 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 Q2 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

Cohutta, GA Housing Market Trends

With a population of 637, 196 total housing units (homes and apartments), and a median house value of $216,681, Cohutta 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 Cohutta, accounting for 93.36% of the city's housing units. Other types of housing that are prevalent in Cohutta include duplexes, homes converted to apartments or other small apartment buildings ( 3.98%), mobile homes or trailers ( 2.65%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Cohutta. Owner-occupied housing accounts for 76.02% of Cohutta's homes, and 68.58% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Cohutta 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 Cohutta built between 1940-1969 ( 26.55%). A lesser amount of the housing stock also hails from between 2000 and later ( 21.68%). There's also some housing in Cohutta built before 1939 ( 5.75%).

Vacant housing appears to be an issue in Cohutta. Fully 13.27% of the housing stock is classified as vacant. Left unchecked, vacant Cohutta homes and apartments can be a drag on the real estate market, holding Cohutta 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.

Cohutta Home Appreciation Rates

Appreciation rates for homes in Cohutta have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 54.28%, which ranks in the top 40% nationwide. This equates to an annual average Cohutta house appreciation rate of 4.43%.

Over the last year, Cohutta appreciation rates have trailed the rest of the nation. In the last twelve months, Cohutta's appreciation rate has been 6.52%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Cohutta were at 1.56%, which equates to an annual appreciation rate of 6.38%.

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

Relative to Georgia, our data show that Cohutta's latest annual appreciation rate is lower than 90% of the other cities and towns in Georgia.

Average Home Values

 

Median Home Value:
$216,681

Cohutta, GA HOME PRICES

> $1,253,000
1.0%
1.0%
$940,001 - $1,253,000
0.1%
0.1%
$627,001 - $940,000
0.9%
0.9%
$502,001 - $627,000
2.8%
2.8%
$376,001 - $502,000
9.3%
9.3%
$251,001 - $376,000
19.5%
19.5%
$125,001 - $251,000
42.0%
42.0%
$63,001 - $125,000
15.7%
15.7%
$0 - $63,000
8.7%
8.7%
0.0% 100.0%
% OF HOMES
Value Relative To State

Average for Nation

High for GA

Value Relative To Nation

Number Of Homes And Apartments:
196

Cohutta Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
GA*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
54.88% 2.06%
4
3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$959 / per month

Homeownership Rate

Owners
76.0%
76.0%
Renters
24.0%
24.0%
Vacant
13.3%
13.3%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
21.7%
21.7%
1970 - 1999
46.0%
46.0%
1940 - 1969
26.5%
26.5%
1939 or Older
5.8%
5.8%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
93.4%
93.4%
Townhomes
0.0%
0.0%
Small Apt. Buildings
4.0%
4.0%
Apt. Complexes
0.0%
0.0%
Mobile Homes
2.7%
2.7%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.0%
0.0%
1 Bedroom
5.3%
5.3%
2 Bedrooms
20.4%
20.4%
3 Bedrooms
54.0%
54.0%
4 Bedrooms
14.6%
14.6%
5 or more bedrooms
5.8%
5.8%
0.0% 100.0%
% OF HOMES