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 11,638, 3,053 total housing units (homes and apartments), and a median house value of $286,919, Lovejoy 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 Lovejoy, accounting for 55.21% of the city's housing units. Other types of housing that are prevalent in Lovejoy include large apartment complexes or high rise apartments ( 14.33%), row houses and other attached homes ( 13.15%), and a few mobile homes or trailers ( 12.69%).
The most prevalent building size and type in Lovejoy are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 59.96% owning and 40.04% renting.
Lovejoy homes and real estate are some of the newest in America. 76.31% of Lovejoy'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 Lovejoy real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 22.41%), and between 1940-1969 ( 1.28%).
In the last 10 years, Lovejoy has experienced some of the highest home appreciation rates of any community in the nation. Lovejoy real estate appreciated 167.35% over the last ten years, which is an average annual home appreciation rate of 10.33%, putting Lovejoy in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Lovejoy definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Lovejoy that despite a nationwide downturn in the housing market, Lovejoy real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Lovejoy appreciation rates continue to be some of the highest in America, at 9.96%, which is higher than appreciation rates in 87.13% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Lovejoy. Lovejoy appreciation rates in the latest quarter were at 2.20%, which equates to an annual appreciation rate of 9.09%.
Relative to Georgia, our data show that Lovejoy's latest annual appreciation rate is higher than 80% of the other cities and towns in Georgia.
$286,919
for Georgia
for nation
3,053
$2,650 / per month