The housing market in Summerville, GA Metro Area is thriving. According to the data given, the median value of a house in this area is $137,700, which is significantly lower than the US median value of $338,100. Additionally, there has been an impressive 1 year appreciation rate of 19.25%, which is greater than the US average of 8.27%. This trend indicates that Summerville's real estate market is seeing increased investment and growth that is outpacing most other areas in the country. The affordability and rising values creates an attractive opportunity for potential homebuyers and investors alike.
The median home cost in Summerville Metro Area is $137,700. Home appreciation the last 10 years has been 103.4%. Home Appreciation in Summerville Metro Area is up 20.8%.
Average Age of Homes
- The median age of Summerville Metro Area real estate is 38 years old
The Rental Market in Summerville Metro Area
- Renters make up 26.8% of the Summerville Metro Area population
- 1.7% of houses and apartments in Summerville Metro Area, 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.