Good Hope Georgia Area Home Supply Charts

This page looks at a variety of Good Hope Georgia housing market data taken from the most recent 2020 American Community Survey census data. Housing units are structures such as a single family home, apartment community, mobile home park, public housing, etc. where a person or family live and live separately from other residents of the building. Figure 1 shows the total number of housing units for each city. Good Hope shows it has a Housing Units of 232 which is the third most housing units of all other places in the greater Good Hope region.

Figure 2 illustrates the housing density in the Good Hope housing market as measured by housing units per square land mile (includes single family homes, apartments, etc.) Good Hope depicts it has a Housing Density of 125.9 which is in the mid range of other places in the metro area. The city with the highest housing density in the area is Monroe which depicts a density of 342.0 (approximately 2.7 times bigger). Comparing housing density to the United States average of 38.9, Good Hope is approximately 3.2 times bigger. Also, compared with the state of Georgia, housing density of 74.5, Good Hope is 69.1% larger.

In Figure 4, Good Hope area change in the number of housing units and is a forward gauge (along with population change) for any potential housing shortage. Good Hope depicts it has a Housing Unit Change of 78.5% which is ranked #1 of all places in the greater Good Hope region. Comparing change in the housing units to the United States average of 5.7%, Good Hope is quite a bit bigger. Also, measured against the state of Georgia, change in the housing units of 4.8%, Good Hope is considerably bigger.

Figure 5 shows the percentage of rental property based on that they are occupied by renters as a percent of the total number of households in the community (including homes, apartments, etc.) Good Hope depicts it has a Renter Percent of 9.9% which is the smallest in terms of renter percent of all the other places in the metro area. Figure 6 illustrates the total number of housing units that are occupied by owners. it has a Owner Percent of 90.1% which is the most of all places in the area.

Good Hope Georgia Home Cost Charts

Looking at the housing data provided in Figure 7, the average Good Hope home price is illustrated for this community and a useful analysis of affordable housing. Good Hope shows it has a Median Home Value of $141,800 which is in the mid range of other places in the surrounding region. The city with the highest median home price in the area is North High Shoals which shows a home price of $253,600 (78.8% larger). Figure 8 provides aggregate comparative data for the Good Hope Georgia metro area in terms of the median housing rental rate, apartment rent, etc. Good Hope depicts it has a Median Gross Rent of $973 which is in the center range of other places in the metropolitan area. The city with the highest rental rates in the area is Between which depicts a rental rates of $1,161 (19.3% larger). Comparing rental rates to the United States average of $1,062, Good Hope is about 9.1% smaller. Also, benchmarked against the state of Georgia, rental rates of $1,006, Good Hope is only about 3.4% smaller.

Figure 9 provides the frequency distribution of home prices for the area and is useful for understanding affordable housing fund. Good Hope has the percentage of home price worth less than $50,000 in the mid range of other places in the local area at 9% of the total. Second, it has the largest proportion of home price worth between $50,000 to $100,000 at 69% of the total and is ranked #1. Third, it has the second smallest when ranked by home price worth less than $50,000 of all the other places in the area when sorted by home price worth between $100,000 to $200,000 at 12% of the total.

Median owner costs for the real estate market are shown in Figure 10 and include the costs associated with any mortgage, utility expenses, insurance, and other miscellaneous costs. Good Hope shows it has a Median Owner Cost of $725 which is the smallest when ranked by median ownership cost of all the other places in the local area. Figure 11 shows the median amount of cost as a percent of total household income for people who own homes in the Good Hope metro area. it has a Owner Cost as % of HH Income of 17% which is in the middle range of other places in the local area. The next chart, Figure 12, provides a comparison chart of the median home cost as a percent of a median worker take home earnings and is thus a valuable measure of affordable housing. Good Hope depicts it has a Median Home Value as Percent of Median Earnings of 365% which is the second smallest in terms of median home value as a percent of median worker earnings of all the other places in the metro area.

Figure 14 depicts the median cost of housing for owners with also have a mortgages (versus those who do not have a mortgage because mortgage cost is included.) Good Hope shows it has a Median Owner Costs-With Mortgage of $973 which is the smallest in order of median housing cost of all the other places in the local area. Figure 15 is a chart that shows the median housing costs for owners who do not have mortgages (and therefore the cost of home ownership does not include mortgage cost.) it has a Median Owner Costs-Without Mortgage of $375 which is the second smallest when ranked by median housing cost of all the other places in the local area.

Figure 16 shows the distribution in total housing cost for owners of property (so not renters.) This cost includes mortgages, lines of credit interest, utilities, taxes, insurance, etc. Good Hope has the largest proportion of owner cost less than $300 at 70% of the total and is ranked #1. Second, it has the smallest proportion of owner cost between $300 and $500 at 2% of the total. Third, it has the largest proportion of owner cost between $500 and $700 at 30% of the total and is ranked #1. Also, it has the smallest proportion of owner cost between $700 and $1,000 at 13% of the total. In addition, it has less than most other places in the greater region in terms of owner cost between $1,000 and $1,500 at 9% of the total.

Next shown in Figure 17 is the housing cost as a percent of household income for people who own their homes and have a mortgages (thus the cost of financing the home is included.) Good Hope depicts it has a % of Income Owner Costs-With Mortgage of 19% which is the smallest when ranked by cost as a percent of household income of all the other places in the local area. The city with the highest cost as a percent of household income in the area is Monroe which indicates a cost as a percent of household income of 29% (57.5% larger). Housing cost as a percent of household income for owners who do not have a mortgage is shown in Figure 18. This analysis can be useful for understanding the affordable housing for home ownership excluding any financing cost in the area shown. Good Hope depicts it has a % of Income Owner Costs-No Mortgage of 17% which is the highest of all places in the greater Good Hope region.

Figure 19 looks at the cost of rent for rental property using the percent of total household income which is a valuable measure of financial health for the area. (The higher the proportion of rent payments to total household income is a sign of greater financial stress. Also, rent can be covered by rent assistance and rent assistance programs in the form of rent assistance.) Good Hope has the largest proportion of rent as a percent of income is between 10pct to 20pct at 55% of the total and is ranked #1. Second, it has one of the largest proportions of rent as a percent of income is between 20pct to 30pct at 15% of the total and is ranked #3. Only #2 Monroe (19%), and #1 Between (27%) are larger. Third, it has in the center range of other places in the local area in terms of rent as a percent of income is between 40pct to 50pct at 30% of the total.

Figure 20 shows the total housing cost for both home owners and apartment community renters in the area. Good Hope has the largest proportion of housing cost less than $300 at 34% of the total and is ranked #1. Second, it has the smallest proportion of housing cost between $300 and $500 at 2% of the total. Third, it has the largest proportion of housing cost between $500 and $700 at 32% of the total and is ranked #1. Also, it has the smallest proportion of housing cost between $700 and $1,000 at 14% of the total.

Figure 21 shows median amount of real estate taxes paid for home owners in the region. it has a Median Real Estate Taxes Paid of $963 which is the smallest when ranked by median real estate taxes paid of all the other places in the metro area. The city with the highest median real estate taxes paid in the area is North High Shoals which shows a taxes paid of $2,242 (approximately 2.3 times bigger). Comparing median real estate taxes paid to the United States average of $2,471, Good Hope is approximately a third the size. Also, benchmarked against the state of Georgia, median real estate taxes paid of $1,623, Good Hope is approximately three-fourths the size.

Figure 23 shows the rental rate distribution for this area. Good Hope Georgia has the percentage of rent between 300 and 500 dollars less than most other places in the surrounding region at 10% of the total. Second, it has the largest proportion of rent between 500 and 750 dollars at 55% of the total and is ranked #1. Third, it has less than most other places in the metro area when ranked by rent between 750 and 1000 dollars at 25% of the total. Also, it has one of the largest proportions of rent between 1000 and 1500 dollars at 10% of the total and is ranked #2. The only larger city being Between with 13%.

Good Hope Georgia Home Financing Charts

The analysis in Figure 25 shows the detailed distribution of owned homes by mortgage status. Good Hope has the smallest proportion of both 2nd mortgage and heloc at 44% of the total. Second, it has the largest proportion of no 2nd mortgage and no heloc at 56% of the total and is ranked #1.

Figure 26 shows the proportion of houses with a mortgage versus those without a mortgage. Good Hope has the largest proportion of houses with mortgages at 56% of the total and is ranked #1.

Good Hope Georgia Home Characteristics Charts

Figure 28 shows the household size for families living in the area and it has a Family size of 3.0 which is the smallest when ranked by family members per housing unit of all the other places in the metro area. The city with the highest family members per housing unit in the area is Monroe which shows a family members per housing unit of 3.6 (18.2% larger). Comparing family members per housing unit to the United States average of 3.3, Good Hope is about 9.6% smaller. Also, in contrast to the state of Georgia, family members per housing unit of 3.4, Good Hope is about 11.9% smaller.

Figure 29 show the median number of rooms in a typical home for each location in this area. it has a Median Number of Rooms of 5.8 which is less than most other places in the metropolitan area. The city with the highest average number of rooms in a house in the area is North High Shoals which depicts an average number of rooms in a house of 7.2 (24.1% larger). Figure 30 shows, for the average house in each location, the median year that a house was built. This can be useful for understanding the relative age of one neighborhood versus another for a real estate investor. it has a Median Year Built of 1970 which is the smallest when sorted by year built of all the other places in the local area. The city with the highest year built in the area is Between which shows a year built of 2000 ( only slightly larger).

Figure 31 looks at the distribution of housing units by the median age that the homes were built. has the percentage of homes built between 2010 to 2013 less than most other places in the local area at 20% of the total. Second, it has the smallest proportion of homes built between 1990 to 1999 at 1% of the total. Third, it has one of the largest proportions of homes built between 1970 to 1979 at 12% of the total and is ranked #2. The only larger city being Bostwick with 14%. Also, it has the largest proportion of homes built between 1940 to 1949 at 28% of the total and is ranked #1.

Figure 32 shows the difference in the number of housing units based on whether they are occupied by owners versus occupied by renters. has the percentage of owner housing units less than most other places in the local area at 20 of the total.

Figure 33 shows the difference in the number of housing units based on whether they are occupied by owners or renters. has the smallest proportion of 50 or more units at 2% of the total.

Figure 34 shows the median value of homes broken down by the median year that the homes were built. has the smallest proportion of value of homes built 2010 to 2013 at $138,300 of the total. Second, it has one of the largest proportions of value of homes built 2000 to 2009 at $225,000 of the total and is ranked #3. Only #2 North High Shoals ($256,300), and #1 Bostwick ($400,000) are larger. Third, it has one of the largest proportions of value of homes built 1970 to 1979 at $88,600 of the total and is ranked #2. The only larger city being Monroe with $135,700. Also, it has the largest proportion of value of homes built 1960 to 1969 at $112,500 of the total and is ranked #1. In addition, it has less than most other places in the local area in terms of value of homes built 1940 to 1949 at $137,500 of the total.

The next two charts show both the average household size of homeowners versus the average household size of renters. Starting with Figure 36 we see the household size of homeowners for Good Hope residents. it has a Owner-Household Size of 2.0 which is the smallest when sorted by homeowner household size of all the other places in the local area. The city with the highest homeowner household size in the area is Bostwick which depicts a homeowner household size of 3.4 (68.5% larger).

Figure 37 shows the household size for renters. Good Hope shows it has a Renter-Household Size of 1.7 which is the second smallest as measured by renter household size of all the other places in the surrounding region. The city with the highest renter household size in the area is Monroe which depicts a renter household sizes of 2.9 (71.2% larger). Figure 38 shows the year that people who own homes moved into this region. has the percentage of owners moved in 2017 or later less than most other places in the metro area at 4% of the total. Second, it has one of the largest proportions of owners moved in 2015 to 2016 at 39% of the total and is ranked #2. The only larger city being Bishop with 49%. Third, it has the smallest proportion of owners moved in 2000 to 2009 at 9% of the total. Figure 39 shows the year that people who rent moved into the area. Good Hope has the percentage of renters moved in 2017 or later in the mid point range of other places in the metro area at 21% of the total. Second, it has one of the largest proportions of renters moved in 2015 to 2016 at 65% of the total and is ranked #2. The only larger city being Bishop with 68%.

Figure 40 compares the median year that home owners moved into their home. it has a Owner Median Year Moved In of 2011 which is more than all other places in the greater Good Hope region. Figure 41 compares the median year that renters moved into their home. Good Hope depicts it has a Renter Median Year Moved In of 2015 which is the second most of all the places in the local area.

Figure 42 shows the frequency distribution of various types of energy sources used for homes in the community. it has the largest proportion of home using bottled, tank, or lp gas at 99% of the total and is ranked #1.