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 24,029 people, 8,472 houses or apartments, and a median cost of homes of $304,877, Perry 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 Perry, accounting for 74.15% of the city's housing units. Other types of housing that are prevalent in Perry include large apartment complexes or high rise apartments ( 11.27%), duplexes, homes converted to apartments or other small apartment buildings ( 11.27%), and a few row houses and other attached homes ( 2.02%).
The most prevalent building size and type in Perry are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 64.56% owning and 35.44% renting.
Perry homes and real estate are some of the newest in America. 55.49% of Perry'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 Perry real estate market has to offer. Quite a bit of the housing here was also built between 1940-1969 ( 21.54%), and between 1970-1999 ( 20.94%). There's also some housing in Perry built before 1939 ( 2.03%).
Appreciation rates for homes in Perry have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 98.19%, which ranks in the top 50% nationwide. This equates to an annual average Perry house appreciation rate of 7.08%.
Appreciation rates are so strong in Perry that despite a nationwide downturn in the housing market, Perry real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Perry appreciation rates continue to be some of the highest in America, at 10.79%, which is higher than appreciation rates in 88.48% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Perry. Perry appreciation rates in the latest quarter were at 3.83%, which equates to an annual appreciation rate of 16.24%.
Importantly, this makes Perry one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Georgia, our data show that Perry's latest annual appreciation rate is higher than 90% 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 Perry differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Perry - 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 Perry real estate investment or home purchase decisions.
$304,877
for Georgia
for nation
8,472
$1,760 / per month