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 1,730, 744 total housing units (homes and apartments), and a median house value of $241,851, house prices in Ludowici are solidly below the national average.
Single-family detached homes are the single most common housing type in Ludowici, accounting for 40.64% of the city's housing units. Other types of housing that are prevalent in Ludowici include large apartment complexes or high rise apartments ( 39.46%), mobile homes or trailers ( 16.00%), and a few row houses and other attached homes ( 1.18%).
People in Ludowici primarily live in small (one, two or no bedroom) single-family detached homes. Ludowici has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Ludowici 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 Ludowici built between 2000 and later ( 31.04%). A lesser amount of the housing stock also hails from between 1940-1969 ( 18.01%). There's also some housing in Ludowici built before 1939 ( 6.04%).
Vacant housing appears to be an issue in Ludowici. Fully 11.85% of the housing stock is classified as vacant. Left unchecked, vacant Ludowici homes and apartments can be a drag on the real estate market, holding Ludowici 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 Ludowici have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 103.85%, which ranks in the top 40% nationwide. This equates to an annual average Ludowici house appreciation rate of 7.38%.
Over the last year, Ludowici appreciation rates have trailed the rest of the nation. In the last twelve months, Ludowici's appreciation rate has been -1.12%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Ludowici were at 2.18%, which equates to an annual appreciation rate of 9.00%.
Relative to Georgia, our data show that Ludowici's latest annual appreciation rate is lower than 90% of the other cities and towns in Georgia.
$241,851
for Georgia
for nation
744
$1,618 / per month