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Georgia real estate

Georgia – The Housing Market is Poised to Get “Peachy” in 2013

As 2012 came to a close, Georgia was the place to get a “peach” of a deal on a home! According to research done by Coldwell Banker, the Peach State was the 3rd-most affordable state in America, with the average home costing just under $170,000.

If you’re looking to live in Georgia on a tighter budget, head to College Park. According to a study done at the end of 2012, the average house for sale there can be yours for just over $62,000. Or, if you’ve got money to burn – and you don’t mind living in the Peach State’s most expensive housing market – move to Dunwoody. It’s home to the most expensive houses for sale in Georgia, with a median sales price of nearly $340,000.

But realtors in Georgia won’t feel good about the Peach State’s progress without big-time recovery in Atlanta. So, how are thing’s looking in Georgia’s biggest city?

Much better than they have in recent years – especially for the homes for sale in Atlanta’s premier areas.

Even though buyers don’t have as much money as they did back in the mid-2000’s, lately, realtors have been the busiest in Atlanta’s most exclusive neighborhoods. They say it’s because buyers want to be close to things like shops, restaurants, and other amenities – and those luxury areas (especially near Intown and Midtown) offer all of that. And, since Atlanta’s traffic isn’t exactly considered a good thing, buyers are willing to pay more for the convenience of walking!

Thanks to lower prices and low mortgage rates, the homes for sale in Atlanta are much more affordable than they have been in awhile. As a result, many more people can afford to buy them – meaning the demand has gone way up. That alone is a great way to get the area’s housing market back on track!

But what about Georgia’s second-largest city?

After all, Atlanta can’t do everything! Luckily, Augusta seems to be pulling its weight, too.

First and foremost, economists predict Augusta will see an increase in jobs in 2013. That alone can cause an upswing in the local housing market. However the city isn’t planning on stopping there.

Prices for the homes for sale in Augusta rose 4% in 2012, and economists predict they’ll increase even more in 2013. Plus, homes here started selling much faster as 2012 went along, and there’s no reason to believe that trend will stop anytime soon.

All in all, it could be a “peachy” year for Georgia’s housing market!

This is the Census data for Georgia

Population

Total population estimate for Georgia (July 1) 2012
9,919,945
Total population change for Georgia- April 1, 2010 to July 1, 2012
2.4%

Age

Percentage of the population that's under 5 years old in Georgia, 2011
7.0%
Percentage of the population that's under 18 years years old in Georgia, 2011
25.4%
Percentage of the population that's 65 years and over Georgia, 2011
11.0%

Gender

Percentage of the population that are females in Georgia, 2011
51.1%

Race breakdown for Georgia in percentages

White alone, 2011
63.2%
Black alone, 2011
31.0%
American Indian and Alaska Native alone,2011
0.5%
Asian alone, percent, 2011
3.4%
Native Hawaiian and Other Pacific Islander alone, 2011
0.1%
Two or more races, 2011
1.8%
Hispanic or Latino Origin, 2011
9.1%
Not Hispanic, White alone, 2011
55.5%

A little more about the residents of Georgia

Percentage of residents who lived in the same house 1 year ago, 2007-2011
83.0%
Percent of residents who are foreign born 2007-2011
9.7%
Percent speaking a language other than English at home, 2007-2011
12.9%

Education

Percent high school graduates or higher for residents 25 years old and over in Georgia, 2007-2011
84.0%
Percent with a bachelor's degree or higher for residents 25 years old and over in Georgia, 2007-2011
27.5%

Veterans

Total number of Veterans living in Georgia 2007-2011
702,919

Communting

The average travel time to work for workers in Georgia (16 years and over not working at home), 2007-2011
27.0 mins

Real estate stats in Georgia

Housing unit estimates, 2011
4,102,992
Owner-occupied housing units - percent of total occupied housing units, 2007-2011
66.8%
Housing units by units in structure - multi-dwelling structure, percent, 2007-2011
20.5%
Median value of specified owner-occupied housing units, 2007-2011
$160,200.00
Households, 2007-2011
3,490,754
Average household size, 2007-2011
2.68

Income

Per capita income for Georgia in the past 12 months (in 2011 inflation-adjusted dollars), 2007-2011
$25,383.00
Median household income in Georgia, 2007-2011
$49,736.00
Percentage of people living in poverty in Georgia 2007-2011
16.5%

Business and commerce info for Georgia

Private nonfarm establishments, 2010
217,099
Private nonfarm employment for pay period including March 12, 2010
3,315,274
Private nonfarm employment for pay period including March 12, 2010, percent change, 2000-2010
-4.8%
Total number of businesses in Georgia, 2007
901,105
Percentage of Black-owned businesses in Georgia, 2007
20.4%
Percentage of American Indian- and Alaska Native-owned businesses in Georgia , 2007
0.7%
Percentage of Asian-owned businesses in Georgia, 2007
5.1%
Percentage of Native Hawaiian- and Other Pacific Islander-owned businesses in Georgia, 2007
0.1%
Percentage of Hispanic-owned businesses in Georgia, 2007
3.6%
Percentage of Women-owned businesses in Georgia, 2007
30.9%

Land size and population

Size of Georgia in Square Miles, 2010
57,513.49 mi²
Population per square mile in Georgia, 2010
168.4

Georgia real estate

0HINESVILLE

ACWORTH

Acworth - Cherokee County

Adairsville

Aigusta

Allenhurst

ALLENHURST

Alpharetta - Forsyth County

Apharetta

Appling

Arnoldsville

ATLANTA

Atlanta (DeKalb County)

Austell

AUSTELL

Ball Ground

Barnesville

Belvedere Park

Blairsville

BLAIRSVILLE GEORGIA

BLOOMINGDALE

Bonaire

Braselton

Buchanan

BUCHANAN

Buckhead

Calhoun

CALVARY

CANTON

Carlton

CARROLLTON

Cartersville

CARTERSVILLE

Cedartown

Chamblee

CHAMBLEE

Cherrylog

Clarkston

Claxton

Clyo

COBBTOWN

Colbert

College Park

Commerce

Conyers

Dallas

DANIELSVILLE

Dawsonville

Demorest

Doraville

Douglasville

Douglasville - Paulding County

Dunwoody

Eldora (Blitchton)

ELLABELL

Ellenwood

Ellenwood - DeKalb County

EUHARLEE

Fairburn

faulkville

Fayetteville

Fleming

Flemington

FLEMINGTON

Flowery Branch

Forest Park

Franklin Springs

Gainesville

Georgetown

Glennville

GLENNVILLE

Glenwood

Gluyton

Grantville

Greensboro

GRIFFIN

GUIYTON

Hampton

Hampton - Clayton County

Hampton Island

Hartwell

Hinesville`

Hogansville

Johns Creek

Kennesaw

Lake Lanier

Lakemont

Lilburn

Lithia Springs

LITHIA SPRINGS

LITHOHIA

loganville

Loganville

LULA

Mableton

MABLETON

Madison

Manassas

McCaysville

Milledgeville

MORGANTON

Morrow

Mount Airy

Mountain City

Newington

Nicholson

Oconee

Other City - Not In The State Of Florida

Other City Value - Out Of Area

Outside Area (Outside Ca)

Peachtree City

Pendergrass

Port Wentworth

Port Wentworth

Portwentworth

Powder Springs

PT. WENTWORTH

Riceboro

Richmond Hill

RichmondHill

Richnmond Hill

Ringgold

Riverdale

RIVERDALE

ROCKMART

ROSWELL

Saint Marys

SAINT MARYS

Saint Simons Island

Sandy Springs

Savannah Ga

Savannah Ga.

Savannah Georgia

Savannah Pooler

Shadowland

Smyrna

Snellville

Springfield

Springfiueld

St Marys

St. Mary's

St. Simons Island

Stockbridge

Stone Mountain

STONE MOUNTAIN

Sugar Hill

Suwanee

Sylvania

Talking Rock

Tallapoosa

Tallulah Falls

Tarrytown

THOMASVILLE

Thunderbolt

Tucker

Tucker (Gwinnett County)

Tybee

Tybee Island

Unincorporated (Richmond Hill

Union City

Valdosta

VERNONBURG

Vidalia

VILLA RICA

Villa Rica - Carroll County

Villa Rica- Douglas County

Vinings

Walthourville

Warner Robins

Watkinsville

Waycross

West Point

WINSTON