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 6,181 people, 2,192 houses or apartments, and a median cost of homes of $347,509, Barnesville real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Barnesville, accounting for 69.64% of the city's housing units. Other types of housing that are prevalent in Barnesville include large apartment complexes or high rise apartments ( 14.75%), duplexes, homes converted to apartments or other small apartment buildings ( 12.33%), and a few row houses and other attached homes ( 2.30%).
The most prevalent building size and type in Barnesville are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 37.59% owning and 62.41% renting.
There is a lot of housing in Barnesville 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 Barnesville built between 1940-1969 ( 19.97%). A lesser amount of the housing stock also hails from between 2000 and later ( 18.16%). There's also some housing in Barnesville built before 1939 ( 17.42%).
In the last 10 years, Barnesville has experienced some of the highest home appreciation rates of any community in the nation. Barnesville real estate appreciated 120.32% over the last ten years, which is an average annual home appreciation rate of 8.22%, putting Barnesville in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Barnesville definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Barnesville that despite a nationwide downturn in the housing market, Barnesville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Barnesville appreciation rates continue to be some of the highest in America, at 16.71%, which is higher than appreciation rates in 90.95% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Barnesville. Barnesville appreciation rates in the latest quarter were at 3.67%, which equates to an annual appreciation rate of 15.50%.
Relative to Georgia, our data show that Barnesville's latest annual appreciation rate is higher than 80% of the other cities and towns in Georgia.
$347,509
for Georgia
for nation
2,192
$1,633 / per month