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 5,649, 2,114 total housing units (homes and apartments), and a median house value of $215,002, house prices in Townsend are solidly below the national average.
Single-family detached homes are the single most common housing type in Townsend, accounting for 59.87% of the town's housing units. Other types of housing that are prevalent in Townsend include mobile homes or trailers ( 38.64%), large apartment complexes or high rise apartments ( 1.08%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Townsend. Owner-occupied housing accounts for 85.93% of Townsend's homes, and 78.82% have either three or four bedrooms, which is average sized relative to America.
Townsend homes and real estate are some of the newest in America. 47.96% of Townsend's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Townsend real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 36.72%), and between 1940-1969 ( 13.49%). There's also some housing in Townsend built before 1939 ( 1.84%).
Vacant housing appears to be an issue in Townsend. Fully 35.36% of the housing stock is classified as vacant. Left unchecked, vacant Townsend homes and apartments can be a drag on the real estate market, holding Townsend 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, Townsend has experienced some of the highest home appreciation rates of any community in the nation. Townsend real estate appreciated 136.84% over the last ten years, which is an average annual home appreciation rate of 9.00%, putting Townsend in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Townsend 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 Townsend that despite a nationwide downturn in the housing market, Townsend real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Townsend appreciation rates continue to be some of the highest in America, at 11.07%, which is higher than appreciation rates in 91.27% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Townsend. Townsend appreciation rates in the latest quarter were at 1.88%, which equates to an annual appreciation rate of 7.72%.
Relative to Georgia, our data show that Townsend's latest annual appreciation rate is higher than 90% of the other cities and towns in Georgia.
One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Townsend differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Townsend - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Townsend real estate investment or home purchase decisions.
$215,002
for Georgia
for nation
2,114
$1,687 / per month