Macon, GA

Population: 89,981
Average annual home appreciation rate: 10.82%
Total of homes for sale in this market: 1,846
Median home price: $85,802
Median Rent: $797
Home price range: 39.91% of homes are between $49,001 – $98,000
Median sales price: $46,950
Number of homes: 425
Median foreclosure sales price: $42,000
Foreclosure discount: $4,950 ( 10.5% )
Most common home type: 65.18% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 22.47%
Number of renters: 51.37%
Number of owner occupied: 48.63%
Number people living below poverty level: 33.21%
Unemployment rate: 7.90%
Is this area perfect for real estate deals going on right now? Notably, Macon’s appreciation rate in the latest quarter is one of the lowest in America. Relative to Georgia, last year at this time, our data show that Macon’s latest annual appreciation rate is lower than 70% of the other cities and towns in Georgia. Market data NOW is showing a significant upswing from -11% last year, to almost +11% in just a years time. For savvy investors who bought in Macon last year, they are reaping the benefits of a returning market. Still great opportunities to take advantage of low overall home prices, and zombie properties on the market.

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