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 1,270, 499 total housing units (homes and apartments), and a median house value of $301,459, Pine Mountain real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Pine Mountain, accounting for 77.20% of the town's housing units. Other types of housing that are prevalent in Pine Mountain include duplexes, homes converted to apartments or other small apartment buildings ( 15.52%), large apartment complexes or high rise apartments ( 5.73%), and a few mobile homes or trailers ( 1.12%).
The most prevalent building size and type in Pine Mountain are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 57.05% owning and 42.95% renting.
There is a lot of housing in Pine Mountain 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 Pine Mountain built between 2000 and later ( 37.20%). A lesser amount of the housing stock also hails from between 1940-1969 ( 14.55%). There's also some housing in Pine Mountain built before 1939 ( 6.15%).
Vacant housing appears to be an issue in Pine Mountain. Fully 30.21% of the housing stock is classified as vacant. Left unchecked, vacant Pine Mountain homes and apartments can be a drag on the real estate market, holding Pine Mountain 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 Pine Mountain have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 89.27%, which ranks in the top 50% nationwide. This equates to an annual average Pine Mountain house appreciation rate of 6.59%.
Appreciation rates are so strong in Pine Mountain that despite a nationwide downturn in the housing market, Pine Mountain real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Pine Mountain appreciation rates continue to be some of the highest in America, at 9.86%, which is higher than appreciation rates in 86.70% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Pine Mountain. Pine Mountain appreciation rates in the latest quarter were at 8.73%, which equates to an annual appreciation rate of 39.78%.
Importantly, this makes Pine Mountain one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to Georgia, our data show that Pine Mountain's latest annual appreciation rate is higher than 80% of the other cities and towns in Georgia.
$301,459
for Georgia
for nation
499
$1,436 / per month