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 2,896 people, 354 houses or apartments, and a median cost of homes of $51,673, house prices in Nicholls are some of the most affordable in Georgia as well as the nation.
Single-family detached homes are the single most common housing type in Nicholls, accounting for 49.30% of the city's housing units. Other types of housing that are prevalent in Nicholls include mobile homes or trailers ( 39.44%), duplexes, homes converted to apartments or other small apartment buildings ( 8.22%), and a few large apartment complexes or high rise apartments ( 2.58%).
Renters dominate Nicholls's housing market, and most live in three of four bedroom dwellings, chiefly found in single-family detached homes.
There is a lot of housing in Nicholls 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 Nicholls built between 1940-1969 ( 24.65%). A lesser amount of the housing stock also hails from between 2000 and later ( 8.45%). There's also some housing in Nicholls built before 1939 ( 6.81%).
Vacant housing appears to be an issue in Nicholls. Fully 16.90% of the housing stock is classified as vacant. Left unchecked, vacant Nicholls homes and apartments can be a drag on the real estate market, holding Nicholls 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.
Nicholls's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Nicholls during the period has been just 5.82%, which is lower than 70% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Nicholls's appreciation rate, at 6.93%, has been at or slightly above the national average. In the latest quarter, Nicholls's appreciation rate has been 1.28%, which annualizes to a rate of 5.24%.
Relative to Georgia, our data show that Nicholls's latest annual appreciation rate is higher than 80% of the other cities and towns in Georgia.
$51,673
for Georgia
for nation
354
$972 / per month