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 6,211 people, 1,215 houses or apartments, and a median cost of homes of $122,511, house prices in McRae-Helena are some of the most affordable in Georgia as well as the nation.
Single-family detached homes are the single most common housing type in McRae-Helena, accounting for 75.58% of the city's housing units. Other types of housing that are prevalent in McRae-Helena include duplexes, homes converted to apartments or other small apartment buildings ( 9.50%), large apartment complexes or high rise apartments ( 8.90%), and a few mobile homes or trailers ( 6.02%).
The most prevalent building size and type in McRae-Helena are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 46.43% owning and 53.57% renting.
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. McRae-Helena's housing was primarily built during this period, from the '40s through the '60s. A full 43.57% of the city's housing hails from this era. Other housing ages represented in McRae-Helena include homes built between 1970-1999 ( 37.28%) and housing constructed before 1939 ( 13.13%). There's also some housing in McRae-Helena built between 2000 and later ( 6.02%).
Vacant housing appears to be an issue in McRae-Helena. Fully 34.07% of the housing stock is classified as vacant. Left unchecked, vacant McRae-Helena homes and apartments can be a drag on the real estate market, holding McRae-Helena 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.
In the last 10 years, McRae-Helena has experienced some of the highest home appreciation rates of any community in the nation. McRae-Helena real estate appreciated 136.44% over the last ten years, which is an average annual home appreciation rate of 8.99%, putting McRae-Helena in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, McRae-Helena 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 McRae-Helena that despite a nationwide downturn in the housing market, McRae-Helena real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, McRae-Helena appreciation rates continue to be some of the highest in America, at 8.39%, which is higher than appreciation rates in 74.36% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in McRae-Helena. McRae-Helena appreciation rates in the latest quarter were at 0.64%, which equates to an annual appreciation rate of 2.59%.
Relative to Georgia, our data show that McRae-Helena's latest annual appreciation rate is higher than 70% of the other cities and towns in Georgia.
$122,511
for Georgia
for nation
1,215
$1,034 / per month