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 11,685 people, 4,255 houses or apartments, and a median cost of homes of $168,822, house prices in Douglas are solidly below the national average.
Single-family detached homes are the single most common housing type in Douglas, accounting for 73.36% of the city's housing units. Other types of housing that are prevalent in Douglas include duplexes, homes converted to apartments or other small apartment buildings ( 10.62%), mobile homes or trailers ( 7.97%), and a few large apartment complexes or high rise apartments ( 6.95%).
The most prevalent building size and type in Douglas are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 48.15% owning and 51.85% renting.
There is a lot of housing in Douglas 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 Douglas built between 1940-1969 ( 22.24%). A lesser amount of the housing stock also hails from between 2000 and later ( 11.27%). There's also some housing in Douglas built before 1939 ( 10.52%).
Vacant housing appears to be an issue in Douglas. Fully 11.72% of the housing stock is classified as vacant. Left unchecked, vacant Douglas homes and apartments can be a drag on the real estate market, holding Douglas 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 Douglas have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 97.91%, which ranks in the top 40% nationwide. This equates to an annual average Douglas house appreciation rate of 7.07%.
NeighborhoodScout's data show that during the latest twelve months, Douglas's appreciation rate, at 5.35%, has been at or slightly above the national average. In the latest quarter, Douglas's appreciation rate has been 0.64%, which annualizes to a rate of 2.59%.
Relative to Georgia, our data show that Douglas's latest annual appreciation rate is lower than 70% 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 Douglas differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Douglas - 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 Douglas real estate investment or home purchase decisions.
$168,822
for Georgia
for nation
4,255
$1,364 / per month