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 976 people, 406 houses or apartments, and a median cost of homes of $273,360, Tunnel Hill real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Tunnel Hill, accounting for 87.47% of the city's housing units. Other types of housing that are prevalent in Tunnel Hill include mobile homes or trailers ( 9.93%), duplexes, homes converted to apartments or other small apartment buildings ( 2.60%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Tunnel Hill. Owner-occupied housing accounts for 77.39% of Tunnel Hill's homes, and 80.85% have either three or four bedrooms, which is average sized relative to America.
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. Tunnel Hill's housing was primarily built during this period, from the '40s through the '60s. A full 44.21% of the city's housing hails from this era. Other housing ages represented in Tunnel Hill include homes built between 1970-1999 ( 42.08%) and housing constructed between 2000 and later ( 12.77%).
In the last 10 years, Tunnel Hill has experienced some of the highest home appreciation rates of any community in the nation. Tunnel Hill real estate appreciated 136.35% over the last ten years, which is an average annual home appreciation rate of 8.98%, putting Tunnel Hill in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Tunnel Hill 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 Tunnel Hill that despite a nationwide downturn in the housing market, Tunnel Hill real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Tunnel Hill appreciation rates continue to be some of the highest in America, at 15.21%, which is higher than appreciation rates in 87.63% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Tunnel Hill. Tunnel Hill appreciation rates in the latest quarter were at 0.33%, which equates to an annual appreciation rate of 1.32%.
Relative to Georgia, our data show that Tunnel Hill's latest annual appreciation rate is higher than 80% of the other cities and towns in Georgia.
$273,360
for Georgia
for nation
406
$1,424 / per month