Alpharetta, Georgia Housing Market Prices
Alpharetta Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 38% above the Georgia median$353,595
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Median rent 39% above the Georgia median$1,933
Housing Market Overview
| Metric | Alpharetta | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $353,595 | $256,986 | $248,835 |
| Price Trend (Annual %) | 0.7% | 8.9% | 7.5% |
| Median Gross Rent | $1,933 | $1,392 | $1,407 |
| Rent Trend (Annual %) | 6.0% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Alpharetta is about 38% higher than in Georgia. Rent is about 39% higher than the Georgia average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Alpharetta, up about 0.7% and 6.0% a year respectively. Rent is changing faster.
Median rent in Alpharetta rose about 65.5% between 2015 and 2024, from $1,168 to $1,933. Over the same span, rent in Georgia rose about 58.5%.
Affordability
On average, housing unit costs 2.5 yearly household incomes in Alpharetta.
Buying the median-priced home in Alpharetta costs roughly 15.2 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Alpharetta. The price-to-rent ratio in Georgia is about 15.4.
| Metric | Alpharetta | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $353,595 | $256,986 | $248,835 |
| Median Household Income | $143,806 | $77,523 | $80,455 |
| Price-to-Income Ratio | 2.5 | 3.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Alpharetta rose about 14.5%, while median household income rose about 52.9% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Alpharetta | Georgia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 60.9% | 58.9% | 58.5% |
| Rental Rate | 34.7% | 30.8% | 31.2% |
| Vacancy Rate | 4.4% | 10.3% | 10.2% |
| Median Tenure (years) | 13.0 | 14.0 | 15.0 |
| Median Year Moved In | 2013 | 2012 | 2011 |
Alpharetta has a homeownership rate of 60.9%, higher than the Georgia average of 58.9%. Its housing vacancy rate is 4.4%, compared with 10.3% in Georgia.
Housing Stock
| Metric | Alpharetta | Georgia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.59 people | 2.62 people | 2.53 people |
| Median Structure Built Year | 1997 | 1990 | 1978 |
| Median Number of Rooms | 6.2 | 5.9 | 5.5 |
The typical housing unit in Alpharetta was built around 1997. On average, 2.6 people live in a home with about 6.2 rooms, staying for about 13.0 years on average.
Alpharetta, GA Housing Compared With Nearby Cities
Alpharetta, GA is typical in size for this group, 64,246 residents against a local median of 62,831, so the measures below are close to a like for like comparison. The measure that sets Alpharetta, GA apart most is median home price: $353,595, 24% below the local median of $462,626.
The cities themselves spread $253,536 on median home price, so Alpharetta, GA sits at one end of an already wide local range rather than apart from it. Alpharetta, GA has the 4th highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Alpharetta, GA | 64,246 | $353,595 #4/5 | $1,933 #3/5 | 63.7% #4/5 |
| Milton, GA | 44,324 | $542,588 | $2,065 | 76.0% |
| Johns Creek, GA | 81,338 | $498,060 | $2,255 | 80.7% |
| Roswell, GA | 93,449 | $427,192 | $1,826 | 71.1% |
| Peachtree Corners, GA | 41,194 | $289,052 | $1,694 | 54.2% |
Frequently Asked Questions
Common questions about the housing market in Alpharetta, Georgia.
What is the median home price in Alpharetta, Georgia?
The median home price in Alpharetta, Georgia is $353,595, higher than the Georgia average of $256,986.
What is the average home price in Alpharetta, Georgia?
The typical home price in Alpharetta, Georgia, reported as the median sale price, is $353,595. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Alpharetta, Georgia?
The median gross rent in Alpharetta, Georgia is $1,933 per month, higher than the Georgia average of $1,392.
What was the median gross rent in Alpharetta in 2020?
In 2020, the median gross rent in Alpharetta, Georgia was $1,449 per month.
What is the price-to-rent ratio in Alpharetta, Georgia?
The price-to-rent ratio in Alpharetta, Georgia is about 15.2, meaning it would take roughly 15.2 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Alpharetta.
Are home prices or rent rising faster in Alpharetta, Georgia?
Both home prices and rent are rising in Alpharetta, up about 0.7% and 6.0% a year respectively. Rent is changing faster.
What is the homeownership rate in Alpharetta, Georgia?
60.9% of households in Alpharetta, Georgia own their home, higher than the Georgia average of 58.9%.
What is the vacancy rate in Alpharetta, Georgia?
The housing vacancy rate in Alpharetta, Georgia is 4.4%, lower than the Georgia average of 10.3%.
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