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 792 people, 238 houses or apartments, and a median cost of homes of $284,697, Cohutta real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Cohutta, accounting for 71.75% of the city's housing units. Other types of housing that are prevalent in Cohutta include mobile homes or trailers ( 23.42%), duplexes, homes converted to apartments or other small apartment buildings ( 2.60%), and a few large apartment complexes or high rise apartments ( 2.23%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Cohutta. Owner-occupied housing accounts for 77.31% of Cohutta's homes, and 79.55% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Cohutta 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 Cohutta built between 2000 and later ( 37.55%). A lesser amount of the housing stock also hails from between 1940-1969 ( 20.07%). There's also some housing in Cohutta built before 1939 ( 2.60%).
Vacant housing appears to be an issue in Cohutta. Fully 11.52% of the housing stock is classified as vacant. Left unchecked, vacant Cohutta homes and apartments can be a drag on the real estate market, holding Cohutta 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 Cohutta have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 104.22%, which ranks in the top 40% nationwide. This equates to an annual average Cohutta house appreciation rate of 7.40%.
Over the last year, Cohutta appreciation rates have trailed the rest of the nation. In the last twelve months, Cohutta's appreciation rate has been 1.25%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Cohutta were at 3.39%, which equates to an annual appreciation rate of 14.27%.
Importantly, this makes Cohutta 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 Cohutta's latest annual appreciation rate is lower than 90% of the other cities and towns in Georgia.
$284,697
for Georgia
for nation
238
$1,293 / per month