Are you curious about the real estate market in Atlanta? From median home values to average rent prices, this blog post will provide an overview of current statistics and trends related to the housing market in Atlanta. We’ll look at data from sources such as Zillow, Redfin, RentCafe, Realtor.com and more to get a better understanding of what’s happening with homes in Atlanta right now. Read on for all the details.
The median home value of Atlanta is an important indicator of the city’s real estate market. It provides insight into the average cost of a home in the area, giving potential buyers an idea of what they can expect to pay for a home in the city. Additionally, it can be used to compare the cost of living in Atlanta to other cities, helping to determine whether it is a good investment for potential buyers.
In the past year, home values in Atlanta have increased by 7.1%.
This statistic is indicative of the booming Atlanta real estate market, showing that home values have risen significantly in the past year. This is great news for potential buyers and sellers alike, as it means that the market is healthy and growing. It also shows that now is a great time to invest in the Atlanta real estate market, as prices are likely to continue to rise.
Atlanta Real Estate Market Statistics Overview
The average annual growth rate for Atlanta’s real estate market is 4.31% from 1991-2021.
This statistic is a testament to the strength of Atlanta’s real estate market, showing that it has consistently grown over the past 30 years. It is a key indicator of the city’s economic health and stability, and provides a valuable insight into the potential of the market for future investors.
47% of Atlanta residents are renters.
This statistic is a telling indication of the Atlanta real estate market, as it reveals that nearly half of the city’s population is comprised of renters. This suggests that the rental market in Atlanta is strong, and that there is a high demand for rental properties. Furthermore, this statistic can be used to inform potential investors of the potential for rental income in the Atlanta real estate market.
There are approximately 202,000 housing units in Atlanta.
The fact that there are 202,000 housing units in Atlanta is a key indicator of the city’s real estate market. It provides insight into the size of the market, the availability of housing, and the potential for growth. This statistic is essential for understanding the current state of the Atlanta real estate market and can be used to make informed decisions about investing in the area.
The average listing price of homes in Atlanta is $445,000.
This statistic is a key indicator of the Atlanta real estate market, providing insight into the current market value of homes in the area. It is an important piece of information for potential buyers and sellers, as it gives them an idea of what to expect when it comes to listing prices. Additionally, it can be used to compare the Atlanta market to other markets in the region, giving a better understanding of the overall real estate market in the area.
Atlanta’s homeownership rate is 46.6%.
The fact that Atlanta’s homeownership rate is 46.6% is a telling statistic when it comes to the Atlanta Real Estate Market. It speaks to the affordability of housing in the city, as well as the potential for growth in the market. It also indicates the level of investment that people are making in the city, which can be a sign of a healthy and vibrant real estate market.
Roughly 25% of homes in Atlanta were built in the 1990s.
This statistic is indicative of the fact that Atlanta’s real estate market has seen a significant amount of growth in the past few decades. It shows that the city has experienced a surge in new construction, which has helped to create a more vibrant and diverse housing market. This is important to note when discussing the current state of the Atlanta real estate market, as it provides insight into the city’s growth and development.
The three most popular real estate neighborhoods in Atlanta are Buckhead, Midtown, and Downtown.
This statistic is a key indicator of the Atlanta Real Estate Market, as it reveals the most sought-after neighborhoods in the city. Knowing which neighborhoods are the most popular can help potential buyers and investors make informed decisions about where to purchase property. Additionally, this statistic can provide insight into the current trends in the Atlanta Real Estate Market, allowing for a better understanding of the market as a whole.
Single-family homes account for 62% of Atlanta’s housing units.
The fact that single-family homes account for 62% of Atlanta’s housing units is a telling statistic when it comes to the Atlanta Real Estate Market. It speaks to the city’s preference for detached dwellings, and suggests that the market is largely geared towards those looking for a single-family home. This could be a great opportunity for those looking to invest in the Atlanta Real Estate Market, as there is a large demand for single-family homes.
Only 0.02% of homes in Atlanta have negative equity.
This statistic is a testament to the strength of the Atlanta Real Estate Market, as it indicates that the vast majority of homes in the city have positive equity. This is a positive sign for potential buyers, as it suggests that the market is stable and that homeowners are not at risk of owing more on their homes than they are worth. It also indicates that the market is likely to remain strong in the future, as homeowners are not over-leveraged and are able to make payments on their mortgages.
In Atlanta, 4.4% of homeowners are delinquent on their mortgage payments.
The fact that 4.4% of homeowners in Atlanta are delinquent on their mortgage payments is a telling statistic when it comes to the Atlanta Real Estate Market. It speaks to the financial health of the city and the ability of its citizens to keep up with their mortgage payments. This statistic is a key indicator of the stability of the market and can help inform potential buyers and investors of the risks associated with investing in the Atlanta Real Estate Market.
The average amount of people per household in Atlanta is 2.3.
This statistic is an important indicator of the Atlanta Real Estate Market, as it provides insight into the size of the average household in the city. Knowing the average household size can help inform decisions about the types of housing that should be built in the area, as well as the size of the units that should be constructed. Additionally, this statistic can help inform decisions about the types of amenities that should be included in the area, as larger households may require more space and amenities than smaller households.
Conclusion
The Atlanta real estate market is a vibrant and dynamic one, with many opportunities for potential buyers or renters. The median home value in the city stands at $299,308 while the median price per square foot is $228. Home values have increased by 7.1% over the past year and homes typically spend 33 days on the market before being sold.
Renters make up 47% of Atlanta’s population, with an average rent price of $1,843 per month for a single-family home and an average two-bedroom apartment costing around $2,116 monthly. Single family homes account for 62% of all housing units in Atlanta while 4 out 5 households consist of 2 to 3 people each.
Overall growth rate from 1991 to 2021 has been estimated at 4.31%, making it a great investment opportunity as well as place to live comfortably without breaking your budget. With only 0.02% having negative equity and just 4
References
0. – https://www.neighborhoodscout.com
1. – https://www.trulia.com
2. – https://www.macrotrends.net
3. – https://www.datausa.io
4. – https://www.zillow.com
5. – https://www.city-data.com
