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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.



Hiram, GA 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 Q2 2024. 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

Hiram, GA Housing Market Trends

With 5,209 people, 1,725 houses or apartments, and a median cost of homes of $348,054, Hiram real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Hiram, accounting for 79.86% of the city's housing units. Other types of housing that are prevalent in Hiram include row houses and other attached homes ( 14.81%), large apartment complexes or high rise apartments ( 4.33%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Hiram. Owner-occupied housing accounts for 65.40% of Hiram's homes, and 80.18% have either three or four bedrooms, which is average sized relative to America.

Hiram homes and real estate are some of the newest in America. 53.57% of Hiram's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Hiram real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 36.57%), and between 1940-1969 ( 9.29%).

Vacant housing appears to be an issue in Hiram. Fully 10.02% of the housing stock is classified as vacant. Left unchecked, vacant Hiram homes and apartments can be a drag on the real estate market, holding Hiram 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.

Hiram Home Appreciation Rates

In the last 10 years, Hiram has experienced some of the highest home appreciation rates of any community in the nation. Hiram real estate appreciated 194.96% over the last ten years, which is an average annual home appreciation rate of 11.42%, putting Hiram in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Hiram definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Hiram's appreciation rate, at 7.03%, has been at or slightly above the national average. In the latest quarter, Hiram's appreciation rate has been 2.20%, which annualizes to a rate of 9.09%.

Relative to Georgia, our data show that Hiram's latest annual appreciation rate is lower than 60% 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 city. Individual neighborhoods within Hiram differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Hiram - 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 Hiram real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$348,054

Hiram, GA Home Prices
> $1,616,000
$1,211,001 - $1,616,000
$808,001 - $1,211,000
$646,001 - $808,000
$485,001 - $646,000
$323,001 - $485,000
$162,001 - $323,000
$81,001 - $162,000
$0 - $81,000
0.0%
0.0%
1.4%
1.4%
3.6%
3.6%
4.9%
4.9%
19.6%
19.6%
32.2%
32.2%
34.0%
34.0%
2.8%
2.8%
1.3%
1.3%
0% 100.0%
% of Homes
High

for Georgia

High

for nation

Number of Homes And Apartments:

1,725

Hiram Appreciation Rates

Rent & Ownership

Average Market Rent:

$3,261 / per month

Homeownership Rate

Owners
Renters
65.4%
65.4%
34.6%
34.6%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
10.0%
10.0%
90.0%
90.0%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
53.6%
53.6%
36.6%
36.6%
9.3%
9.3%
0.6%
0.6%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
79.9%
79.9%
14.8%
14.8%
1.0%
1.0%
4.3%
4.3%
0.0%
0.0%
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%
2.2%
2.2%
14.0%
14.0%
58.9%
58.9%
21.3%
21.3%
3.6%
3.6%
0% 100.0%
% of Homes