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 5,501, 2,229 total housing units (homes and apartments), and a median house value of $216,874, house prices in Sylvester are solidly below the national average.
Single-family detached homes are the single most common housing type in Sylvester, accounting for 66.17% of the city's housing units. Other types of housing that are prevalent in Sylvester include duplexes, homes converted to apartments or other small apartment buildings ( 13.26%), large apartment complexes or high rise apartments ( 10.87%), and a few mobile homes or trailers ( 7.76%).
The most prevalent building size and type in Sylvester are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 56.26% owning and 43.74% renting.
There is a lot of housing in Sylvester 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 Sylvester built between 1940-1969 ( 32.82%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.42%). There's also some housing in Sylvester built before 1939 ( 7.28%).
Sylvester's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Sylvester during the period has been just 5.48%, which is lower than 70% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Sylvester's appreciation rate, at 7.11%, has been at or slightly above the national average. In the latest quarter, Sylvester's appreciation rate has been 10.40%, which annualizes to a rate of 48.57%.
Importantly, this makes Sylvester one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Georgia, our data show that Sylvester's latest annual appreciation rate is lower than 60% of the other cities and towns in Georgia.
$216,874
for Georgia
for nation
2,229
$1,618 / per month