Atlanta, Georgia Housing Market Prices
Atlanta 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 48% above the Georgia median$379,469
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Median rent 23% above the Georgia median$1,714
Housing Market Overview
| Metric | Atlanta | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $379,469 | $256,986 | $248,835 |
| Price Trend (Annual %) | 10.2% | 8.9% | 7.5% |
| Median Gross Rent | $1,714 | $1,392 | $1,407 |
| Rent Trend (Annual %) | 7.0% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Atlanta is about 48% higher than in Georgia. Rent is about 23% 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 Atlanta, up about 10.2% and 7.0% a year respectively. Home prices are changing faster.
Median rent in Atlanta rose about 75.5% between 2015 and 2024, from $977 to $1,714. Over the same span, rent in Georgia rose about 58.5%.
Affordability
On average, housing unit costs 4.4 yearly household incomes in Atlanta.
Buying the median-priced home in Atlanta costs roughly 18.5 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 Atlanta. The price-to-rent ratio in Georgia is about 15.4.
| Metric | Atlanta | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $379,469 | $256,986 | $248,835 |
| Median Household Income | $85,510 | $77,523 | $80,455 |
| Price-to-Income Ratio | 4.4 | 3.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Atlanta rose about 120.5%, while median household income rose about 58.2% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Atlanta | Georgia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 40.9% | 58.9% | 58.5% |
| Rental Rate | 48.0% | 30.8% | 31.2% |
| Vacancy Rate | 11.0% | 10.3% | 10.2% |
| Median Tenure (years) | 10.0 | 14.0 | 15.0 |
| Median Year Moved In | 2016 | 2012 | 2011 |
Atlanta has a homeownership rate of 40.9%, lower than the Georgia average of 58.9%. Its housing vacancy rate is 11.0%, compared with 10.3% in Georgia.
Housing Stock
| Metric | Atlanta | Georgia Avg | US Average |
|---|---|---|---|
| Average Household Size | 1.99 people | 2.62 people | 2.53 people |
| Median Structure Built Year | 1984 | 1990 | 1978 |
| Median Number of Rooms | 4.5 | 5.9 | 5.5 |
The typical housing unit in Atlanta was built around 1984. On average, 2.0 people live in a home with about 4.5 rooms, staying for about 10.0 years on average.
Atlanta, GA Housing Compared With Nearby Cities
How Atlanta, GA compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Atlanta, GA | 502,134 | $379,469 #1/2 | $1,714 #1/2 | 46.0% #1/2 |
| East Point, GA | 39,616 | $182,618 | $1,362 | 42.2% |
Frequently Asked Questions
Common questions about the housing market in Atlanta, Georgia.
What is the median home price in Atlanta, Georgia?
The median home price in Atlanta, Georgia is $379,469, higher than the Georgia average of $256,986.
What is the average home price in Atlanta, Georgia?
The typical home price in Atlanta, Georgia, reported as the median sale price, is $379,469. 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 Atlanta, Georgia?
The median gross rent in Atlanta, Georgia is $1,714 per month, higher than the Georgia average of $1,392.
What was the median gross rent in Atlanta in 2020?
In 2020, the median gross rent in Atlanta, Georgia was $1,227 per month.
What is the price-to-rent ratio in Atlanta, Georgia?
The price-to-rent ratio in Atlanta, Georgia is about 18.5, meaning it would take roughly 18.5 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 Atlanta.
Are home prices or rent rising faster in Atlanta, Georgia?
Both home prices and rent are rising in Atlanta, up about 10.2% and 7.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Atlanta, Georgia?
40.9% of households in Atlanta, Georgia own their home, lower than the Georgia average of 58.9%.
What is the vacancy rate in Atlanta, Georgia?
The housing vacancy rate in Atlanta, Georgia is 11.0%, higher than the Georgia average of 10.3%.
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