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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 16,644, 6,727 total housing units (homes and apartments), and a median house value of $315,392, Lithia Springs real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Lithia Springs, accounting for 52.04% of the town's housing units. Other types of housing that are prevalent in Lithia Springs include large apartment complexes or high rise apartments ( 34.12%), mobile homes or trailers ( 6.93%), and a few row houses and other attached homes ( 3.68%).
The most prevalent building size and type in Lithia Springs are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 42.52% owning and 57.48% renting.
There is a lot of housing in Lithia Springs 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 Lithia Springs built between 2000 and later ( 25.00%). A lesser amount of the housing stock also hails from between 1940-1969 ( 17.82%).
In the last 10 years, Lithia Springs has experienced some of the highest home appreciation rates of any community in the nation. Lithia Springs real estate appreciated 200.96% over the last ten years, which is an average annual home appreciation rate of 11.65%, putting Lithia Springs in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Lithia Springs definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Over the last year, Lithia Springs appreciation rates have trailed the rest of the nation. In the last twelve months, Lithia Springs's appreciation rate has been 4.89%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Lithia Springs were at 2.20%, which equates to an annual appreciation rate of 9.09%.
Relative to Georgia, our data show that Lithia Springs's latest annual appreciation rate is lower than 80% of the other cities and towns in Georgia.
$315,392
for Georgia
for nation
6,727
$2,260 / per month