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 1,919, 895 total housing units (homes and apartments), and a median house value of $221,462, house prices in Colquitt are solidly below the national average.
Single-family detached homes are the single most common housing type in Colquitt, accounting for 69.42% of the city's housing units. Other types of housing that are prevalent in Colquitt include duplexes, homes converted to apartments or other small apartment buildings ( 16.49%), mobile homes or trailers ( 8.35%), and a few row houses and other attached homes ( 3.55%).
The most prevalent building size and type in Colquitt are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 40.22% owning and 59.78% renting.
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. Colquitt's housing was primarily built during this period, from the '40s through the '60s. A full 45.51% of the city's housing hails from this era. Other housing ages represented in Colquitt include homes built between 1970-1999 ( 41.23%) and housing constructed between 2000 and later ( 12.32%).
In the last 10 years, Colquitt has experienced some of the highest home appreciation rates of any community in the nation. Colquitt real estate appreciated 142.35% over the last ten years, which is an average annual home appreciation rate of 9.26%, putting Colquitt in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Colquitt 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 Colquitt that despite a nationwide downturn in the housing market, Colquitt real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Colquitt appreciation rates continue to be some of the highest in America, at 8.34%, which is higher than appreciation rates in 73.76% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Colquitt. Colquitt appreciation rates in the latest quarter were at 0.64%, which equates to an annual appreciation rate of 2.58%.
Relative to Georgia, our data show that Colquitt's latest annual appreciation rate is higher than 70% of the other cities and towns in Georgia.
$221,462
for Georgia
for nation
895
$1,357 / per month