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 382, 167 total housing units (homes and apartments), and a median house value of $90,296, house prices in Midville 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 Midville, accounting for 87.16% of the city's housing units. Other types of housing that are prevalent in Midville include large apartment complexes or high rise apartments ( 7.34%), mobile homes or trailers ( 4.59%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Midville. Owner-occupied housing accounts for 65.87% of Midville's homes, and 49.08% 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. Midville's housing was primarily built during this period, from the '40s through the '60s. A full 42.66% of the city's housing hails from this era. Other housing ages represented in Midville include homes built before 1939 ( 36.24%) and housing constructed between 1970-1999 ( 16.51%). There's also some housing in Midville built between 2000 and later ( 4.59%).
Vacant housing appears to be an issue in Midville. Fully 23.39% of the housing stock is classified as vacant. Left unchecked, vacant Midville homes and apartments can be a drag on the real estate market, holding Midville 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.
Midville's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Midville during the period has been just 5.04%, which is lower than 80% of US communities.
Over the last year, Midville appreciation rates have trailed the rest of the nation. In the last twelve months, Midville's appreciation rate has been -2.06%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Midville were at -3.41%, which equates to an annual appreciation rate of -12.97%.
Notably, Midville's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Georgia, our data show that Midville's latest annual appreciation rate is lower than 90% of the other cities and towns in Georgia.
$90,296
for Georgia
for nation
167
$1,070 / per month