According to statistics, the population in Commerce, GA amounts to 6,677, which shows growth 1% compared to the previous year. The median age of the city’s residents is 37. The average household income is $44,601, shifting growth 10% from the past year, and the average property value in Commerce, GA growth 7% to $104,800 throughout the year.
|Number Of Employees||2,709|
|Median Property Value||$104,800|
The average household income in Commerce, GA grew from $40,483 to $44,601 in the past year. This data is an estimate based upon 2,428 households in Commerce, GA . The chart below presents how household income is distributed in Commerce, GA in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Commerce, GA shifted from $98,400 to $104,800 throughout the year. The subsequent graph indicates the share of properties in the given price range in Commerce, GA in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Commerce, GA properties falls in the '$100,000 to $124,999' range, which is lower than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Commerce, GA compared to median property taxes around the country. The prevalent amount of property taxes in Commerce, GA equals $800, which is less than the national average.
|Apartment Size||Nov||vs Last Month|
|1 bed for sale||$162,000||N/A|
|2 bed for sale||$189,766||-68.4%|
|3 bed for sale||$266,793||-12.8%|
|4+ bed for sale||$292,400||-40.8%|
During Nov 2021, the average price for an apartment in/near Commerce, GA decreased by 36.9% to $266,305.
After collecting all data points, we now see that the average price for 1-bed apartment stands at $162,000 with no changes this month. Asking price for 2-bed apartment remains the same, a place of this size will still cost you $189,766. Reports state that an average 3-bed apartment price did not change, so you can still get yourself one for $266,793. According to statistics, we now see that the 4- and more bed apartments pricing stays the same, so you can still face an estimate price around $292,400 for a big-family home.
|Listing Type||Nov||vs Last Month|
|Lofts for sale||$279,899||-91.3%|
|Apartments for sale||$211,420||-60.8%|
|Houses for sale||$271,628||-20.6%|
While assessing the property pricing Commerce, GA, you can note that it remains flat with a price tag of $211,420. According to statistics, average house is still $271,628 with no significant changes this month. The price statistics of lofts have not significantly changed, it now still goes for $279,899.
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