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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Rex, 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 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

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

Rex, GA Housing Market Trends

With 16,476 people, 5,515 houses or apartments, and a median cost of homes of $252,108, house prices in Rex are solidly below the national average.

Single-family detached homes are the single most common housing type in Rex, accounting for 90.83% of the town's housing units. Other types of housing that are prevalent in Rex include row houses and other attached homes ( 5.69%), mobile homes or trailers ( 1.98%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.47%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Rex. Owner-occupied housing accounts for 77.14% of Rex's homes, and 88.18% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Rex 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 Rex built between 2000 and later ( 40.95%). A lesser amount of the housing stock also hails from between 1940-1969 ( 5.61%).

Rex Home Appreciation Rates

In the last 10 years, Rex has experienced some of the highest home appreciation rates of any community in the nation. Rex real estate appreciated 265.19% over the last ten years, which is an average annual home appreciation rate of 13.83%, putting Rex in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Rex definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Rex's appreciation rate, at 6.62%, has been at or slightly above the national average. In the latest quarter, Rex's appreciation rate has been 2.20%, which annualizes to a rate of 9.09%.

Relative to Georgia, our data show that Rex's latest annual appreciation rate is lower than 60% of the other cities and towns in Georgia.

Average Home Values

Median Home Value

$252,108

Rex, GA Home Prices
> $1,587,000
$1,190,001 - $1,587,000
$794,001 - $1,190,000
$635,001 - $794,000
$476,001 - $635,000
$317,001 - $476,000
$159,001 - $317,000
$79,001 - $159,000
$0 - $79,000
0.0%
0.0%
0.0%
0.0%
1.3%
1.3%
0.9%
0.9%
2.4%
2.4%
26.1%
26.1%
53.8%
53.8%
10.8%
10.8%
4.7%
4.7%
0% 100.0%
% of Homes
Average

for Georgia

Average

for nation

Number of Homes And Apartments:

5,515

Rex Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,147 / per month

Homeownership Rate

Owners
Renters
77.1%
77.1%
22.9%
22.9%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
2.9%
2.9%
97.1%
97.1%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
41.0%
41.0%
53.4%
53.4%
5.6%
5.6%
0.0%
0.0%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
90.8%
90.8%
5.7%
5.7%
1.5%
1.5%
0.0%
0.0%
2.0%
2.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.0%
0.0%
0.7%
0.7%
3.9%
3.9%
59.0%
59.0%
29.1%
29.1%
7.2%
7.2%
0% 100.0%
% of Homes