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 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%).
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.
$252,108
for Georgia
for nation
5,515
$2,147 / per month