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July 26, 2024

Plains, GA - Real Estate Market Overview 2024

Zoe Harper

Marketing

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Plains, Georgia is a community of 577 people. It offers unique real estate opportunities in its dynamic market¹ ². The market features single-family homes, large parcels of land, and many mobile homes. 35.3% of houses are mobile homes, more than in most places in the U.S¹. Reputed brokers like New Era Land Company and Johnston Realty Group, Inc., ensure trust in transactions.

52% of Plains' residents finished high school. 16% have bachelor's degrees, and another 16% attended some college². Schools like Sumter County Elementary improve the area’s appeal to families. Also, most people work in blue-collar jobs, making up 68.95% of employment¹. With a median household income and home sale price both at $70,000, Plains GA presents a balanced investment opportunity².

Key Takeaways

Plains, GA has a population of 577 people, reflecting a modest 0.7% increase since 2010¹ ².
Mobile homes account for 35.3% of the occupied housing, surpassing 96.7% of neighborhoods in the U.S¹..
The median household income is $70,000, comparable to the median home sale price².
Educational attainment is diverse, with 52% high school graduates, and 16% holding bachelor's degrees².
Residents predominantly work in blue-collar occupations, which is significantly higher than the national average¹.

Current Real Estate Trends in Plains, GA

The real estate scene in Plains, GA, shows a variety of options for all budgets. You can find everything from single homes to new buildings. These options often come with cool features like air conditioning, basements, and pools. Prices vary greatly, from affordable homes at about $24,900 to luxury homes up to $409,000. This range makes Plains an attractive place for many buyers.

Market Summary

In Plains, almost half the people rent their homes, making a strong rental market³. This situation is great for different real estate plans, whether you want to own or renovate for rent⁴. Also, home values in Plains grew by 18.0% in a year. This growth is more than what's seen nationally, which means investing here is a smart move³.

Price Trends

The average house price in Plains is at an inviting $198,500, below the national mean³. Along with a significant 56.9% growth in value over ten years, Plains stands out for investment³. These trends show great potential for growth, attracting investors to Plains for valuable returns.

Popular Property Types

Houses in Plains are geared towards modern needs, with many looking for homes that offer comfort and the latest amenities. The trend leans towards single-family houses and newly built homes with central air, basements, and pools⁴. This move towards luxury and convenience reflects the general trends in Plains' property market.

For more information on Plains' growing real estate market and investment options, visit this resource.

Key Property Listings in Plains, GA

Plains, GA, is growing as an exciting real estate spot. It offers different kinds of properties for all kinds of buyers. With lots of new properties being listed, the area shows great promise for those wanting to invest.

Top Properties for Sale

One of the gems in Plains, GA, is the home at 227 Fairway Cir in Americus, presented by Coldwell Banker. This home catches the eye with its lovely look and perfect spot. It adds to the choices for those wanting to buy or invest there. Other homes like 1283 Salters Mill Rd and 300 S Bond St also attract buyers seeking quality and value. These are handled by well-known local firms.

New Property Listings

New homes on the market show the growing interest in Plains. Brokers like Norman & Norman Realtors keep adding new options. This ensures buyers always have the newest and best options to consider. In June 2024, Plains, GA saw 16 new homes for sale, with the zip code 30678. This is a big jump of 75% from May 2024⁵.

Homes were on the market for about 61 days on average. The middle price for a listing was $879,500⁵. These numbers show how active and attractive Plains, GA, is for both newcomers and experienced investors.

Investment Opportunities in Plains, GA

Plains, GA's real estate scene offers exciting property investing opportunities. The average home price is $95,804, making it a great spot for real estate investment in Plains GA because of its affordability⁶. Zillow predicts a 3.6% rise in home values by April 2024, showing good growth prospects⁶.

About 44% of people in Plains rent their homes. This creates a strong need for rental properties³. The balance between property costs and rent rates highlights the chance for good returns on investment³.

Over years, Plains homes have greatly grown in value: 45.35% over three years and 57.69% over five years. This proves the area's lasting Plains real estate market potential⁶. Just last year, home values shot up by 18.0%, which is way above the US average³. These increases show the profitable side of investing in Plains real estate.

Plains offers a wide range of properties. From fixer-uppers needing work to homes ready for moving in, investors have many options. This diversity lets investors use different strategies, like renovating for resale or developing land⁶.

To fully understand the Plains real estate market potential, looking at in-depth data is key⁷. The solid growth rates and strong rental demand make real estate in Plains GA a good choice for both quick profits and long-term investments.

Understanding Property Values in Plains, GA

Credits - James R. Martin / Shutterstock.com

Plains, GA, has a real estate market shaped by many factors. These factors include the mix of homes and strong schools like Sumter County Elementary School. This makes the area very attractive.

Factors Affecting Real Estate Prices

In Plains, GA, many things determine property prices. The quality of school districts is a big deal as families want good schools for their kids. The variety of homes, from simple ones to fancy estates, meets different needs.

The economy plays a big part in property values too. With 39.05% of locals in blue-collar jobs, more people can buy homes⁸. Also, many people work in service jobs like food service, affecting real estate trends⁸.

Historical Price Trends

Property values in Plains have been rising steadily. This growth is supported by the town's calm feel and low crime. Buyers find this history helpful when selecting homes that fit their budget and lifestyle.

Today, Plains offers a range of properties priced from $24,900 to $409,000⁸. Plains and Americus have many options for all budgets⁸.

For detailed info on Plains properties, visit Realtor.com.

Neighborhoods to Watch in Plains, GA

Plains, GA may be tiny, but its real estate growth potential is huge. With only 785 people and a median income of $33,604, it's a hotspot for investors⁹. The area feels neighborly and stable, thanks to 81% of homes being owner-occupied.

Plains GA is emerging as an affordable real estate area. The median rent is just $704, tempting for renters and investors alike⁹. It boasts quality public elementary schools, rated from 2 to 10, offering families fantastic educational choices⁹.

The neighborhood's accessibility is a big plus. Grocery stores, eateries, and parks are all nearby. Plus, the availability of broadband internet and an EV charging spot shows Plains is keeping up with modern needs⁹.

Looking for growth areas? Consider Plains' low cost of living and well-maintained surroundings. Bike and walk scores of 32 and 33 suggest it’s somewhat walkable and bike-friendly, attracting a younger crowd⁹.

When thinking of real estate investment, examine Plains closer. Its potential for growth makes it a top market pick. Its combo of affordability, amenities, and a tight-knit community puts it among promising Plains neighborhoods ⁹.

Real Estate Agents and Brokers in Plains, GA

In Plains, GA, there's a strong real estate market. It's supported by skilled agents and brokers. They are part of big names like CENTURY 21 Americus Realty, Inc. and New Era Land Company. These pros know the area well and provide great services.

The real estate scene in Plains is quite diverse, meeting various needs. If you're looking for homes priced from $149,000 to $409,000, you're in good hands. The top brokers in Plains¹⁰ are ready to help. They also handle the sale of properties like the one at 1283 Salters Mill Road. This spot has 3 bedrooms, 2 bathrooms, and spans 2,591 sqft, all for $409,000¹¹.

Agents in Plains know their stuff, especially about prices in the area. For instance, homes in Americus, GA, average about $163,310. They use this knowledge to give solid advice¹⁰. They handle all kinds of properties. This includes everything from single-family homes to lands. They're tuned into what's sought after, like new builds and online tours¹⁰.

Recently, homes in Plains, GA, were on the market for 55 days, a jump from last month's 25 days¹¹. Teaming up with experienced real estate agents in Plains, GA helps. Both buyers and sellers can better manage current market changes.

Exploring the Real Estate Opportunities in Plains, GA

Plains, GA is a special place. It combines historical beauty with today's comforts. This attracts both homebuyers and investors. According to the Plains, GA housing market insights, you'll find a wide range of homes. Prices go from as low as $59,900 to as much as $409,000¹⁰. The median price is $235,000, with an average market price of $209,676¹⁰.

This town houses 557 people and has a strong blue-collar vibe. In fact, 68.95% work in blue-collar jobs¹. Here, you can find single-family homes and land. People are searching for new homes, waterfront properties, and places with central air¹⁰.

Plains takes pride in education too. It hosts Sumter County Elementary School, a leading school¹⁰. Even with a lower income of $16,094, it boasts a rich cultural mix. This includes Black or African-American, White, and European ancestries¹. Moreover, 24.0% of folks carpool¹.

The real estate outlook for Plains is bright. There's a lot of interest in both houses and businesses. Plus, with 35.4% of homes empty, it's ripe for new projects¹.

It's key to grasp the details of the Plains, GA market. This helps buyers and investors decide wisely. Mobile homes make up 35.3% of places people live in. They add variety to the property choices¹. To conclude, Plains, GA is looking up. It has a lot of different properties to offer.

Risks and Challenges in the Plains, GA Real Estate Market

Buying a home or investing in Plains, GA, comes with risks and challenges. These can change property values and how much money you make. It's critical to understand these issues to make smart choices.

Weather-Related Risks

The weather significantly affects Plains real estate. Storms and hurricanes are big risks for these properties. If you're thinking about investing here, you need to think about these weather issues. For example, climate change is causing more extreme weather. This makes flood-prone areas riskier, as noted in a recent study ¹².

Economic Factors

The economy has a big impact on housing in Plains, GA. Overvalued markets and federal policies could lead to financial crashes. A study shows that flood risks have made property values too high. This could pop a housing bubble¹². Also, changes in lending practices could let more people buy homes. This adds complexity to buying and selling in the market¹².

Economic trends shape the housing market, too. Watching the multifamily and self-storage markets offers clues about the overall market. For example, the Yardi Matrix National Multifamily Report gives updates every month. These reports help investors make informed decisions¹³.

Conclusion

The real estate market in Plains, GA is full of chances and challenges. There are many types of properties and areas to choose from. This variety helps buyers, sellers, and investors find just what they need. Also, past trends and price changes give valuable advice for smart choices in this changing market.

Looking at the housing market's future in Plains, things seem bright. It is expected to grow much like other parts of Georgia. For example, Cedartown, GA, is looking at a 8.6% growth¹⁴. Plains is on a similar path. Right now, with 3 active listings, property prices range from $183,725 to $342,865¹⁵. This makes for great opportunities for those wanting to buy or invest.

This guide has covered important things to know about the Plains, GA market. From trends and values to neighborhoods and what to watch out for, it's a thorough overview. For people thinking about buying here, getting advice from experts on insurance, legal, or financial issues is a good step. This summary aims to get you ready for a well-planned and confident investment in Plains.

FAQ

What is the current state of the real estate market in Plains, GA?

The real estate market in Plains, GA is ever-changing and offers a lot. You can find listings from New Era Land Company, Johnston Realty Group, Inc., and CENTURY 21 Americus Realty, Inc. Whether you're looking for a cozy single-family home or a big piece of land, there's something for everyone.

What are the key trends in Plains, GA real estate?

Now, single-family homes, new buildings, and features like central air are in demand. With prices from $24,900 to $409,000, there's a home for every budget.

What are some of the top property listings in Plains, GA?

Top spots include 227 Fairway Cir and 1283 Salters Mill Rd. Also, 300 S Bond St is worth checking out. With new entries from agencies like Norman & Norman Realtors, the choices are fresh and many.

What investment opportunities are available in Plains, GA?

For investors, there's a mix. Choose from fixer-uppers, rentals, or land ready for building. There's an investment for every strategy out here.

What factors affect real estate prices in Plains, GA?

Many things shape prices here. Good schools like Sumter County Elementary and diverse property types matter. So do past trends and what buyers now want.

Which neighborhoods in Plains, GA are worth considering?

Keep an eye on emerging areas in Plains. They could be the next big thing for both investors and those wanting to buy a home.

Who are some prominent real estate agents and brokers in Plains, GA?

Look to pros at CENTURY 21 Americus Realty, Inc., New Era Land Company, and Johnston Realty Group, Inc. They'll help you find your way in the Plains market.

What makes the real estate landscape in Plains, GA unique?

Plains, GA, has a special vibe. It's where history meets the new, with a mix of homes and professionals who know their stuff. This makes the market strong.

What risks and challenges are associated with the real estate market in Plains, GA?

Be wary of weather risks like hurricanes which can affect values and insurance costs. Also, the economy has a big impact here. Knowing these can help you plan better.