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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Stone Mountain, GA Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Stone Mountain, GA Housing Market Trends

With a population of 6,627, 2,513 total housing units (homes and apartments), and a median house value of $225,307, house prices in Stone Mountain are solidly below the national average.

Single-family detached homes are the single most common housing type in Stone Mountain, accounting for 58.60% of the city's housing units. Other types of housing that are prevalent in Stone Mountain include large apartment complexes or high rise apartments ( 22.64%), row houses and other attached homes ( 13.85%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.91%).

The most prevalent building size and type in Stone Mountain are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 48.30% owning and 51.70% renting.

There is a lot of housing in Stone Mountain built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Stone Mountain built between 1940-1969 ( 22.07%). A lesser amount of the housing stock also hails from before 1939 ( 6.76%). There's also some housing in Stone Mountain built between 2000 and later ( 4.41%).

Vacant housing appears to be an issue in Stone Mountain. Fully 10.54% of the housing stock is classified as vacant. Left unchecked, vacant Stone Mountain homes and apartments can be a drag on the real estate market, holding Stone Mountain real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Stone Mountain Home Appreciation Rates

In the last 10 years, Stone Mountain has experienced some of the highest home appreciation rates of any community in the nation. Stone Mountain real estate appreciated 208.10% over the last ten years, which is an average annual home appreciation rate of 11.91%, putting Stone Mountain in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Stone Mountain definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Stone Mountain appreciation rates have trailed the rest of the nation. In the last twelve months, Stone Mountain's appreciation rate has been 4.60%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Stone Mountain were at 0.49%, which equates to an annual appreciation rate of 1.99%.

Relative to Georgia, our data show that Stone Mountain's latest annual appreciation rate is lower than 80% of the other cities and towns in Georgia.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Stone Mountain differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Stone Mountain - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Stone Mountain real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$225,307

Stone Mountain, GA Home Prices
> $1,441,000
$1,081,001 - $1,441,000
$720,001 - $1,081,000
$576,001 - $720,000
$432,001 - $576,000
$289,001 - $432,000
$144,001 - $289,000
$72,001 - $144,000
$0 - $72,000
0.0%
0.0%
0.0%
0.0%
0.7%
0.7%
0.6%
0.6%
9.9%
9.9%
24.7%
24.7%
47.1%
47.1%
10.3%
10.3%
6.7%
6.7%
0% 100.0%
% of Homes
Average

for Georgia

Average

for nation

Number of Homes And Apartments:

2,513

Stone Mountain Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,388 / per month

Homeownership Rate

Owners
Renters
48.3%
48.3%
51.7%
51.7%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
10.5%
10.5%
89.5%
89.5%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
4.4%
4.4%
66.7%
66.7%
22.1%
22.1%
6.8%
6.8%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
58.6%
58.6%
13.8%
13.8%
4.9%
4.9%
22.6%
22.6%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.4%
0.4%
7.4%
7.4%
33.5%
33.5%
46.3%
46.3%
10.8%
10.8%
1.6%
1.6%
0% 100.0%
% of Homes