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 303, 129 total housing units (homes and apartments), and a median house value of $206,754, house prices in Box Springs are solidly below the national average.
Single-family detached homes are the single most common housing type in Box Springs, accounting for 48.67% of the town's housing units. Other types of housing that are prevalent in Box Springs include mobile homes or trailers ( 42.67%), row houses and other attached homes ( 8.67%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Box Springs. Owner-occupied housing accounts for 76.74% of Box Springs's homes, and 69.33% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Box Springs 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 Box Springs built between 2000 and later ( 28.00%). A lesser amount of the housing stock also hails from between 1940-1969 ( 23.33%).
Vacant housing appears to be an issue in Box Springs. Fully 14.00% of the housing stock is classified as vacant. Left unchecked, vacant Box Springs homes and apartments can be a drag on the real estate market, holding Box Springs 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 Box Springs have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 100.24%, which ranks in the top 40% nationwide. This equates to an annual average Box Springs house appreciation rate of 7.19%.
NeighborhoodScout's data show that during the latest twelve months, Box Springs's appreciation rate, at 4.64%, has been at or slightly above the national average. In the latest quarter, Box Springs's appreciation rate has been 1.42%, which annualizes to a rate of 5.79%.
Relative to Georgia, our data show that Box Springs's latest annual appreciation rate is lower than 50% of the other cities and towns in Georgia.
$206,754
for Georgia
for nation
129
$919 / per month