menu
Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Georgiana, AL Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Georgiana, AL Housing Market Trends

With a population of 1,293, 580 total housing units (homes and apartments), and a median house value of $135,126, house prices in Georgiana are solidly below the national average.

Single-family detached homes are the single most common housing type in Georgiana, accounting for 61.18% of the town's housing units. Other types of housing that are prevalent in Georgiana include mobile homes or trailers ( 21.74%), duplexes, homes converted to apartments or other small apartment buildings ( 13.51%), and a few large apartment complexes or high rise apartments ( 2.09%).

The most prevalent building size and type in Georgiana are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 64.14% owning and 35.86% renting.

There is a lot of housing in Georgiana 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 Georgiana built between 1940-1969 ( 19.29%). A lesser amount of the housing stock also hails from before 1939 ( 5.77%). There's also some housing in Georgiana built between 2000 and later ( 1.72%).

Vacant housing appears to be an issue in Georgiana. Fully 28.75% of the housing stock is classified as vacant. Left unchecked, vacant Georgiana homes and apartments can be a drag on the real estate market, holding Georgiana 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.

Georgiana Home Appreciation Rates

Appreciation rates for homes in Georgiana have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 103.55%, which ranks in the top 30% nationwide. This equates to an annual average Georgiana house appreciation rate of 7.37%.

NeighborhoodScout's data show that during the latest twelve months, Georgiana's appreciation rate, at 6.13%, has been at or slightly above the national average. In the latest quarter, Georgiana's appreciation rate has been 1.28%, which annualizes to a rate of 5.24%.

Relative to Alabama, our data show that Georgiana's latest annual appreciation rate is higher than 70% of the other cities and towns in Alabama.

Average Home Values

Median Home Value

$135,126

Georgiana, AL Home Prices
> $1,442,000
$1,081,001 - $1,442,000
$721,001 - $1,081,000
$577,001 - $721,000
$432,001 - $577,000
$288,001 - $432,000
$144,001 - $288,000
$72,001 - $144,000
$0 - $72,000
0.0%
0.0%
0.0%
0.0%
3.9%
3.9%
0.0%
0.0%
4.5%
4.5%
8.7%
8.7%
26.8%
26.8%
28.0%
28.0%
28.1%
28.1%
0% 100.0%
% of Homes
Low

for Alabama

Very Low

for nation

Number of Homes And Apartments:

580

Georgiana Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,056 / per month

Homeownership Rate

Owners
Renters
64.1%
64.1%
35.9%
35.9%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
28.7%
28.7%
71.3%
71.3%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
1.7%
1.7%
73.2%
73.2%
19.3%
19.3%
5.8%
5.8%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
61.2%
61.2%
1.5%
1.5%
13.5%
13.5%
2.1%
2.1%
21.7%
21.7%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.0%
0.0%
5.9%
5.9%
19.7%
19.7%
61.4%
61.4%
11.5%
11.5%
1.5%
1.5%
0% 100.0%
% of Homes

Popular Neighborhoods in Georgiana

Popular Communities Near Georgiana, AL

Zip Codes in Georgiana, AL