Atlanta, GA Real Estate Data

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 Q3 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

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

Atlanta Housing Market Information

With 506,811 people, 199,478 houses or apartments, and a median cost of homes of $312,423, Atlanta real estate is some of the most expensive in Georgia, although Atlanta home values aren't among America's most expensive.

Mobile homes or trailers are the single most common housing type in Atlanta, accounting for 0.00% of the city's housing units.

People in Atlanta primarily live in small (one, two or no bedroom) mobile homes or trailers. 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 30.94% of the city's housing hails from this era. Other housing ages represented in Atlanta include homes built between 2000 and later ( 29.34%) and housing constructed between 1970-1999 ( 27.22%). There's also some housing in Atlanta built before 1939 ( 12.50%).

Vacant housing appears to be an issue in Atlanta. Fully 17.71% 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.

Atlanta Home Appreciation Rates

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 70.22% over the last ten years, which is an average annual home appreciation rate of 5.46%, putting Atlanta in the top 10% 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 5.02%, which is higher than appreciation rates in 71.75% 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 1.29%, which equates to an annual appreciation rate of 5.25%.

Relative to Georgia, our data show that Atlanta's latest annual appreciation rate is lower than 50% 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.

Average Home Values

 
info

Median Home Value:
$312,423

Atlanta, GA HOME PRICES

> $1,333,000
6.0%
6.0%
$1,000,001 - $1,333,000
4.5%
4.5%
$667,001 - $1,000,000
8.6%
8.6%
$533,001 - $667,000
5.7%
5.7%
$400,001 - $533,000
10.0%
10.0%
$267,001 - $400,000
15.7%
15.7%
$133,001 - $267,000
24.6%
24.6%
$67,001 - $133,000
17.4%
17.4%
$0 - $67,000
7.5%
7.5%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Very High for GA

Value Relative To Nation

Number Of Homes And Apartments:
199,478

Atlanta Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
GA*
Compared To
America*
Latest Quarter:
2020 Q2 - 2020 Q3
Last 12 Months:
2019 Q3 - 2020 Q3
Last 2 Years:
2018 Q3 - 2020 Q3
Last 5 Years:
2015 Q3 - 2020 Q3
Last 10 Years:
2010 Q3 - 2020 Q3
Since 2000:
2000 Q1 - 2020 Q3
87.27% 3.07%
10
7
* 10 is highest

Rent & Ownership

 
info

Average Market Rent:
$1,521 / per month

Homeownership Rate

Owners
40.0%
40.0%
Renters
60.0%
60.0%
Vacant
17.7%
17.7%
0.0% 100.0%
% OF HOMES

Housing Market Details

 
info

Age of Homes

2000 or Newer
29.3%
29.3%
1970 - 1999
27.2%
27.2%
1940 - 1969
30.9%
30.9%
1939 or Older
12.5%
12.5%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
0.0%
0.0%
Townhomes
0.0%
0.0%
Small Apt. Buildings
0.0%
0.0%
Apt. Complexes
0.0%
0.0%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
4.4%
4.4%
1 Bedroom
23.5%
23.5%
2 Bedrooms
33.8%
33.8%
3 Bedrooms
25.1%
25.1%
4 Bedrooms
9.3%
9.3%
5 or more bedrooms
3.9%
3.9%
0.0% 100.0%
% OF HOMES