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 4,960 people, 1,928 houses or apartments, and a median cost of homes of $190,327, house prices in Baxley are solidly below the national average.
Single-family detached homes are the single most common housing type in Baxley, accounting for 61.83% of the city's housing units. Other types of housing that are prevalent in Baxley include mobile homes or trailers ( 21.71%), duplexes, homes converted to apartments or other small apartment buildings ( 10.10%), and a few large apartment complexes or high rise apartments ( 5.73%).
The most prevalent building size and type in Baxley are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 51.85% owning and 48.15% renting.
There is a lot of housing in Baxley 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 Baxley built between 1940-1969 ( 36.34%). A lesser amount of the housing stock also hails from between 2000 and later ( 9.78%). There's also some housing in Baxley built before 1939 ( 3.58%).
Vacant housing appears to be an issue in Baxley. Fully 23.34% of the housing stock is classified as vacant. Left unchecked, vacant Baxley homes and apartments can be a drag on the real estate market, holding Baxley 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 Baxley have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 96.97%, which ranks in the top 40% nationwide. This equates to an annual average Baxley house appreciation rate of 7.01%.
Appreciation rates are so strong in Baxley that despite a nationwide downturn in the housing market, Baxley real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Baxley appreciation rates continue to be some of the highest in America, at 9.19%, which is higher than appreciation rates in 82.11% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Baxley. Baxley appreciation rates in the latest quarter were at 0.64%, which equates to an annual appreciation rate of 2.59%.
Relative to Georgia, our data show that Baxley's latest annual appreciation rate is higher than 80% 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 Baxley differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Baxley - 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 Baxley real estate investment or home purchase decisions.
$190,327
for Georgia
for nation
1,928
$1,209 / per month