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 9,023 people, 3,251 houses or apartments, and a median cost of homes of $213,785, house prices in Fort Valley are solidly below the national average.
Single-family detached homes are the single most common housing type in Fort Valley, accounting for 50.99% of the city's housing units. Other types of housing that are prevalent in Fort Valley include duplexes, homes converted to apartments or other small apartment buildings ( 24.96%), large apartment complexes or high rise apartments ( 16.67%), and a few mobile homes or trailers ( 7.38%).
People in Fort Valley primarily live in small (one, two or no bedroom) single-family detached homes. Fort Valley has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Fort Valley 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 Fort Valley built between 1940-1969 ( 35.68%). A lesser amount of the housing stock also hails from before 1939 ( 15.45%). There's also some housing in Fort Valley built between 2000 and later ( 6.53%).
Vacant housing appears to be an issue in Fort Valley. Fully 20.77% of the housing stock is classified as vacant. Left unchecked, vacant Fort Valley homes and apartments can be a drag on the real estate market, holding Fort Valley 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 Fort Valley have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 103.35%, which ranks in the top 40% nationwide. This equates to an annual average Fort Valley house appreciation rate of 7.36%.
Over the last year, Fort Valley appreciation rates have trailed the rest of the nation. In the last twelve months, Fort Valley's appreciation rate has been 0.27%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Fort Valley were at 1.99%, which equates to an annual appreciation rate of 8.20%.
Importantly, this makes Fort Valley one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Georgia, our data show that Fort Valley's latest annual appreciation rate is lower than 90% of the other cities and towns in Georgia.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Fort Valley differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Fort Valley - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Fort Valley real estate investment or home purchase decisions.
$213,785
for Georgia
for nation
3,251
$1,384 / per month