Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Housing Market Overview
| Metric | Dunwoody | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $619,640 | $238,631 | $242,182 |
| Price Trend (Annual %) | 7.9% | 9.0% | 8.2% |
| Median Gross Rent | $1,809 | $1,306 | $1,342 |
| Rent Trend (Annual %) | 5.4% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Dunwoody is about 160% higher than in Georgia. Rent is about 39% higher than the Georgia average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Dunwoody, up about 7.9% and 5.4% a year respectively. Home prices are changing faster.
Median rent in Dunwoody rose about 49.6% between 2015 and 2023, from $1,209 to $1,809. Over the same span, rent in Georgia rose about 48.7%.
Affordability
On average, housing unit costs 5.6 yearly household incomes in Dunwoody.
Buying the median-priced home in Dunwoody costs roughly 28.5 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Dunwoody. The price-to-rent ratio in Georgia is about 15.2.
| Metric | Dunwoody | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $619,640 | $238,631 | $242,182 |
| Median Household Income | $110,045 | $74,683 | $78,145 |
| Price-to-Income Ratio | 5.6 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Dunwoody rose about 53.2%, while median household income rose about 31.8% between 2009 and 2023 — 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 | Dunwoody | Georgia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 50.8% | 58.4% | 58.2% |
| Rental Rate | 40.2% | 31.0% | 31.3% |
| Vacancy Rate | 9.0% | 10.6% | 10.6% |
| Median Tenure (years) | 13.0 | 14.0 | 15.0 |
| Median Year Moved In | 2013 | 2012 | 2011 |
Dunwoody has a homeownership rate of 50.8%, lower than the Georgia average of 58.4%. Its housing vacancy rate is 9.0%, compared with 10.6% in Georgia.
Housing Stock
| Metric | Dunwoody | Georgia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.42 people | 2.64 people | 2.54 people |
| Median Structure Built Year | 1985 | 1989 | 1978 |
| Median Number of Rooms | 5.5 | 5.9 | 5.5 |
The typical housing unit in Dunwoody was built around 1985. On average, 2.4 people live in a home with about 5.5 rooms, staying for about 13.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Dunwoody, Georgia.
What is the median home price in Dunwoody, Georgia?
The median home price in Dunwoody, Georgia is $619,640, higher than the Georgia average of $238,631.
What is the average home price in Dunwoody, Georgia?
The typical home price in %s, reported as the median sale price, is %s. 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 Dunwoody, Georgia?
The median gross rent in Dunwoody, Georgia is $1,809 per month, higher than the Georgia average of $1,306.
What was the median gross rent in Dunwoody in 2020?
In 2020, the median gross rent in Dunwoody, Georgia was $1,464 per month.
What is the price-to-rent ratio in Dunwoody, Georgia?
The price-to-rent ratio in Dunwoody, Georgia is about 28.5, meaning it would take roughly 28.5 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Dunwoody.
Are home prices or rent rising faster in Dunwoody, Georgia?
Both home prices and rent are rising in Dunwoody, up about 7.9% and 5.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Dunwoody, Georgia?
50.8% of households in Dunwoody, Georgia own their home, lower than the Georgia average of 58.4%.
What is the vacancy rate in Dunwoody, Georgia?
The housing vacancy rate in Dunwoody, Georgia is 9.0%, lower than the Georgia average of 10.6%.