Atlanta, 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 Q2 2021. 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

Atlanta, GA Housing Market Trends

With 506,811 people, 206,229 houses or apartments, and a median cost of homes of $354,237, 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%). This particular housing mix is relatively uncommon and characteristic of cities that are compact and walkable, and which 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.

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 97.68% over the last ten years, which is an average annual home appreciation rate of 7.05%, 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 9.38%, has been at or slightly above the national average. In the latest quarter, Atlanta's appreciation rate has been 3.24%, which annualizes to a rate of 13.61%.

Relative to Georgia, our data show that Atlanta's latest annual appreciation rate is higher 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

 

Median Home Value:
$354,237

Atlanta, GA HOME PRICES

> $1,309,000
6.7%
6.7%
$981,001 - $1,309,000
5.2%
5.2%
$654,001 - $981,000
10.1%
10.1%
$524,001 - $654,000
6.4%
6.4%
$393,001 - $524,000
10.6%
10.6%
$261,001 - $393,000
16.6%
16.6%
$131,001 - $261,000
23.5%
23.5%
$65,001 - $131,000
14.8%
14.8%
$0 - $65,000
6.2%
6.2%
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:
206,229

Atlanta Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
GA*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
101.87% 3.32%
10
7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,662 / per month

Homeownership Rate

Owners
40.2%
40.2%
Renters
59.8%
59.8%
Vacant
16.3%
16.3%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
30.4%
30.4%
1970 - 1999
26.9%
26.9%
1940 - 1969
30.5%
30.5%
1939 or Older
12.3%
12.3%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
38.5%
38.5%
Townhomes
4.6%
4.6%
Small Apt. Buildings
6.0%
6.0%
Apt. Complexes
50.2%
50.2%
Mobile Homes
0.5%
0.5%
Other
0.1%
0.1%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
4.7%
4.7%
1 Bedroom
24.0%
24.0%
2 Bedrooms
33.1%
33.1%
3 Bedrooms
24.8%
24.8%
4 Bedrooms
9.5%
9.5%
5 or more bedrooms
3.8%
3.8%
0.0% 100.0%
% OF HOMES