Alpharetta, 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 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

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

Alpharetta, GA Housing Market Trends

With 67,213 people, 24,273 houses or apartments, and a median cost of homes of $468,761, Alpharetta house prices are not only among the most expensive in Georgia, Alpharetta real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Alpharetta, accounting for 58.72% of the city's housing units. Other types of housing that are prevalent in Alpharetta include large apartment complexes or high rise apartments ( 28.78%), row houses and other attached homes ( 8.20%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.03%).

The large homes that make up Alpharetta are primarily owner-occupied ( 66.04%).

There is a lot of housing in Alpharetta 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 Alpharetta built between 2000 and later ( 28.80%). A lesser amount of the housing stock also hails from between 1940-1969 ( 2.21%).

Alpharetta Home Appreciation Rates

In the last 10 years, Alpharetta has experienced some of the highest home appreciation rates of any community in the nation. Alpharetta real estate appreciated 58.97% over the last ten years, which is an average annual home appreciation rate of 4.74%, putting Alpharetta in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Alpharetta definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Alpharetta's appreciation rate, at 5.80%, has been at or slightly above the national average. In the latest quarter, Alpharetta's appreciation rate has been 2.10%, which annualizes to a rate of 8.67%.

Relative to Georgia, our data show that Alpharetta's latest annual appreciation rate is lower than 60% 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 Alpharetta differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Alpharetta - 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 Alpharetta real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$468,761

Alpharetta, GA HOME PRICES

> $1,213,000
1.1%
1.1%
$910,001 - $1,213,000
4.7%
4.7%
$606,001 - $910,000
25.6%
25.6%
$485,001 - $606,000
18.7%
18.7%
$364,001 - $485,000
16.2%
16.2%
$242,001 - $364,000
18.5%
18.5%
$121,001 - $242,000
12.5%
12.5%
$61,001 - $121,000
2.0%
2.0%
$0 - $61,000
0.8%
0.8%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for GA

Value Relative To Nation

Number Of Homes And Apartments:
24,273

Alpharetta Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
GA*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
89.25% 3.08%
10
7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,879 / per month

Homeownership Rate

Owners
66.0%
66.0%
Renters
34.0%
34.0%
Vacant
7.2%
7.2%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
28.8%
28.8%
1970 - 1999
68.6%
68.6%
1940 - 1969
2.2%
2.2%
1939 or Older
0.4%
0.4%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
58.7%
58.7%
Townhomes
8.2%
8.2%
Small Apt. Buildings
4.0%
4.0%
Apt. Complexes
28.8%
28.8%
Mobile Homes
0.3%
0.3%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.8%
1.8%
1 Bedroom
11.0%
11.0%
2 Bedrooms
21.9%
21.9%
3 Bedrooms
21.1%
21.1%
4 Bedrooms
22.6%
22.6%
5 or more bedrooms
21.6%
21.6%
0.0% 100.0%
% OF HOMES