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 1,972, 636 total housing units (homes and apartments), and a median house value of $178,781, house prices in Trion are solidly below the national average.
Single-family detached homes are the single most common housing type in Trion, accounting for 83.15% of the town's housing units. Other types of housing that are prevalent in Trion include large apartment complexes or high rise apartments ( 11.05%), duplexes, homes converted to apartments or other small apartment buildings ( 5.39%).
The most prevalent building size and type in Trion are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 60.22% owning and 39.78% renting.
The housing in Trion was primarily built before 1939 ( 40.97%), making the housing stock in Trion some of the oldest overall in America, although there is a range of ages of homes in Trion. The next most important housing age is between 1970-1999 ( 22.37%), followed by between 1940-1969 ( 21.56%). There's also some housing in Trion built between 2000 and later ( 15.09%).
Vacant housing appears to be an issue in Trion. Fully 14.29% of the housing stock is classified as vacant. Left unchecked, vacant Trion homes and apartments can be a drag on the real estate market, holding Trion 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 Trion have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 100.07%, which ranks in the top 40% nationwide. This equates to an annual average Trion house appreciation rate of 7.18%.
Appreciation rates are so strong in Trion that despite a nationwide downturn in the housing market, Trion real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Trion appreciation rates continue to be some of the highest in America, at 5.13%, which is higher than appreciation rates in 76.16% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Trion. Trion 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 Trion's latest annual appreciation rate is higher than 90% of the other cities and towns in Georgia.
$178,781
for Georgia
for nation
636
$1,327 / per month