Augusta, GA Real Estate Market
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.
Date(s) & Update Frequency:
- Home Values, Rents: Reflects Q2 2024. Updated quarterly.
- Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
Augusta, GA Housing Market Trends
With a population of 202,096, 72,510 total housing units (homes and apartments), and a median house value of $206,306, house prices in Augusta are solidly below the national average.
Single-family detached homes are the single most common housing type in Augusta, accounting for 59.07% of the city's housing units. Other types of housing that are prevalent in Augusta include large apartment complexes or high rise apartments ( 19.82%), duplexes, homes converted to apartments or other small apartment buildings ( 9.16%), and a few mobile homes or trailers ( 6.10%).
The most prevalent building size and type in Augusta are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 48.41% owning and 51.59% renting.
There is a lot of housing in Augusta 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 Augusta built between 1940-1969 ( 26.96%). A lesser amount of the housing stock also hails from between 2000 and later ( 19.06%). There's also some housing in Augusta built before 1939 ( 7.93%).
Vacant housing appears to be an issue in Augusta. Fully 19.77% of the housing stock is classified as vacant. Left unchecked, vacant Augusta homes and apartments can be a drag on the real estate market, holding Augusta 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.
Augusta Home Appreciation Rates
Appreciation rates for homes in Augusta have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 94.11%, which ranks in the top 50% nationwide. This equates to an annual average Augusta house appreciation rate of 6.86%.
Over the last year, Augusta appreciation rates have trailed the rest of the nation. In the last twelve months, Augusta's appreciation rate has been 0.41%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Augusta were at -3.41%, which equates to an annual appreciation rate of -12.97%.
Notably, Augusta's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Georgia, our data show that Augusta'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 Augusta differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Augusta - 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 Augusta real estate investment or home purchase decisions.
Median Home Value
$206,306
Low
for Georgia
Low
for nation
Number of Homes And Apartments:
72,510
GA
America
2024 Q1 - 2024 Q2
2023 Q2 - 2024 Q2
2022 Q2 - 2024 Q2
2019 Q2 - 2024 Q2
2014 Q2 - 2024 Q2
2000 Q1 - 2024 Q2
Average Market Rent:
$1,655 / per month