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 2,543 people, 1,014 houses or apartments, and a median cost of homes of $202,137, house prices in Claxton are solidly below the national average.
Single-family detached homes are the single most common housing type in Claxton, accounting for 58.85% of the city's housing units. Other types of housing that are prevalent in Claxton include duplexes, homes converted to apartments or other small apartment buildings ( 30.28%), large apartment complexes or high rise apartments ( 10.88%).
People in Claxton primarily live in small (one, two or no bedroom) single-family detached homes. Claxton has a mixture of owner-occupied and renter-occupied housing.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Claxton's housing was primarily built during this period, from the '40s through the '60s. A full 38.39% of the city's housing hails from this era. Other housing ages represented in Claxton include homes built between 1970-1999 ( 33.44%) and housing constructed between 2000 and later ( 16.72%). There's also some housing in Claxton built before 1939 ( 11.44%).
Vacant housing appears to be an issue in Claxton. Fully 17.69% of the housing stock is classified as vacant. Left unchecked, vacant Claxton homes and apartments can be a drag on the real estate market, holding Claxton 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 Claxton have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 108.30%, which ranks in the top 30% nationwide. This equates to an annual average Claxton house appreciation rate of 7.61%.
Appreciation rates are so strong in Claxton that despite a nationwide downturn in the housing market, Claxton real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Claxton appreciation rates continue to be some of the highest in America, at 5.13%, which is higher than appreciation rates in 75.81% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Claxton. Claxton appreciation rates in the latest quarter were at 0.23%, which equates to an annual appreciation rate of 0.92%.
Relative to Georgia, our data show that Claxton's latest annual appreciation rate is higher than 70% of the other cities and towns in Georgia.
$202,137
for Georgia
for nation
1,014
$898 / per month