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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 486,290 people, 189,343 houses or apartments, and a median cost of homes of $267,297, Atlanta real estate is some of the most expensive in Georgia, although Atlanta home values aren't among America's most expensive.
Large apartment complexes or high rise apartments are the single most common housing type in Atlanta, accounting for 47.78% of the city's housing units. Other types of housing that are prevalent in Atlanta include single-family detached homes ( 39.88%), duplexes, homes converted to apartments or other small apartment buildings ( 6.88%), and a few row houses and other attached homes ( 4.80%). Cities with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact cities that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.
People in Atlanta primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Atlanta has a mixture of owner-occupied and renter-occupied housing.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Atlanta's housing was primarily built during this period, from the '40s through the '60s. A full 31.91% of the city's housing hails from this era. Other housing ages represented in Atlanta include homes built between 1970-1999 ( 27.68%) and housing constructed between 2000 and later ( 26.92%). There's also some housing in Atlanta built before 1939 ( 13.49%).
Vacant housing appears to be an issue in Atlanta. Fully 18.19% of the housing stock is classified as vacant. Left unchecked, vacant Atlanta homes and apartments can be a drag on the real estate market, holding Atlanta 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.
In the last 10 years, Atlanta has experienced some of the highest home appreciation rates of any community in the nation. Atlanta real estate appreciated 30.48% over the last ten years, which is an average annual home appreciation rate of 2.70%, putting Atlanta in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Atlanta definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Atlanta that despite a nationwide downturn in the housing market, Atlanta real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Atlanta appreciation rates continue to be some of the highest in America, at 9.73%, which is higher than appreciation rates in 91.98% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Atlanta. Atlanta appreciation rates in the latest quarter were at 2.68%, which equates to an annual appreciation rate of 11.17%.
Relative to Georgia, our data show that Atlanta's latest annual appreciation rate is higher 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 Atlanta differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Atlanta - 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 Atlanta real estate investment or home purchase decisions.
|$1,028,001 - $1,371,000||3.4|
|$685,001 - $1,028,000||7.3|
|$548,001 - $685,000||4.6|
|$411,001 - $548,000||8.7|
|$274,001 - $411,000||14.0|
|$137,001 - $274,000||24.9|
|$69,001 - $137,000||21.2|
|$0 - $69,000||11.0|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2018 Q2 - 2018 Q3
Last 12 Months:
2017 Q3 - 2018 Q3
Last 2 Years:
2016 Q3 - 2018 Q3
Last 5 Years:
2013 Q3 - 2018 Q3
Last 10 Years:
2008 Q3 - 2018 Q3
2000 Q1 - 2018 Q3
|* 10 is highest|
|AGE OF Atlanta HOMES|
|2000 or Newer||26.9|
|1970 - 1999||27.7|
|1940 - 1969||31.9|
|1939 or Older||13.5|
|TYPE OF Atlanta HOMES|
|Small Apt. Buildings||6.9|
|SIZE OF Atlanta HOMES|
|5 or more bedrooms||3.87|