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 about Scout's Real Estate Data
With a population of 506,811, 206,229 total housing units (homes and apartments), and a median house value of $341,620, 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 50.22% of the city's housing units. Other types of housing that are prevalent in Atlanta include single-family detached homes ( 38.51%), duplexes, homes converted to apartments or other small apartment buildings ( 6.04%), and a few row houses and other attached homes ( 4.64%). Cities that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of cities are often walkable and compact, and often have a lively downtown.
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 30.46% of the city's housing hails from this era. Other housing ages represented in Atlanta include homes built between 2000 and later ( 30.38%) and housing constructed between 1970-1999 ( 26.91%). There's also some housing in Atlanta built before 1939 ( 12.25%).
Vacant housing appears to be an issue in Atlanta. Fully 16.28% 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 83.09% over the last ten years, which is an average annual home appreciation rate of 6.23%, 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.
NeighborhoodScout's data show that during the latest twelve months, Atlanta's appreciation rate, at 6.02%, has been at or slightly above the national average. In the latest quarter, Atlanta's appreciation rate has been 1.96%, which annualizes to a rate of 8.06%.
Relative to Georgia, our data show that Atlanta's latest annual appreciation rate is lower than 70% 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.
Very High for Nation
Very High for GA