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 932, 136 total housing units (homes and apartments), and a median house value of $497,962, Waleska real estate is some of the most expensive in Georgia, although Waleska home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Waleska, accounting for 97.39% of the city's housing units. Other types of housing that are prevalent in Waleska include duplexes, homes converted to apartments or other small apartment buildings ( 2.61%).
Renters dominate Waleska's housing market, and most live in three of four bedroom dwellings, chiefly found in single-family detached homes.
There is a lot of housing in Waleska 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 Waleska built between 1940-1969 ( 35.29%). A lesser amount of the housing stock also hails from before 1939 ( 24.18%). There's also some housing in Waleska built between 2000 and later ( 1.31%).
Vacant housing appears to be an issue in Waleska. Fully 11.11% of the housing stock is classified as vacant. Left unchecked, vacant Waleska homes and apartments can be a drag on the real estate market, holding Waleska 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.
In the last 10 years, Waleska has experienced some of the highest home appreciation rates of any community in the nation. Waleska real estate appreciated 150.67% over the last ten years, which is an average annual home appreciation rate of 9.63%, putting Waleska in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Waleska 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, Waleska's appreciation rate, at 6.05%, has been at or slightly above the national average. In the latest quarter, Waleska's appreciation rate has been 2.20%, which annualizes to a rate of 9.09%.
Relative to Georgia, our data show that Waleska's latest annual appreciation rate is lower than 70% of the other cities and towns in Georgia.
$497,962
for Georgia
for nation
136
$3,015 / per month