The housing market in Bonanza, GA is booming. With the median house value being $236,200, it is well below the US median of $338,100. However, this lower price point has allowed for a more rapid appreciation rate with a one year appreciation of 19.85%, far above the national average of 8.27%. This makes Bonanza a desirable location for potential homebuyers looking for an affordable option with projected high returns.
The median home cost in Bonanza is $236,200. Home appreciation the last 10 years has been 148.3%. Home Appreciation in Bonanza is up 26.5%.
Average Age of Homes
- The median age of Bonanza real estate is 22 years old
The Rental Market in Bonanza
- Renters make up 23.6% of the Bonanza population
- 3.1% of houses and apartments in Bonanza, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.