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Atlanta real estate market overview
- Average Monthly Rent: $1,812
- Home Price/Value Percentage Change: 7.5%
- Median Home Value: $400,000
- Best Time To Sell a Home: June
- Affordability Index: 101
- Days To Sell a House: 41
- Job Market: Fair
- Public School Ranking: 32
Location and weather
Atlanta is located on the coastline of the Atlantic, just north of Florida and is the seat of Fulton County. It is the most populous city in Georgia, as well as the capital of the state. Best known as the hometown of Martin Luther King Jr. and the birthplace of Coca-Cola, Atlanta also has a reputation for being a friendly city full of quality restaurants, unique recreation opportunities, a stable job market, and mild weather.
Winters here are cold without the heavy snow and summers are hot but tolerable, reaching highs in the upper 80s in July. There's also around 52 inches of rain here per year.
Population, job market and cost of living
Atlanta has a population of 532,695, with a growth rate of 1.65% annually.
The job market has increased by 2.9% over the last year. In ten years, job growth is predicted to be 46.8%. Atlanta is home to more than a dozen Fortune 500 companies, and was recently named the 6th Best City for Job Seekers. The strongest industries of Atlanta's job market include technology, sales, and education. There is also a strong music scene here, as well as some major healthcare employers—including Emory University Hospital and WellStar Atlanta Medical Centre.
Living in Atlanta is a more expensive city, with a higher average cost of living than the Georgia and US average. Housing and transportation are some of the highest costs for residents here, especially considering Atlanta's low walkability rate.
Atlanta real estate market details
- Old Forthward
- East Atlanta
- Summerhill
- Buckhead
- Westview
- Midtown
The average monthly rent in Atlanta is $1,812 for an average apartment size of 971 sq. feet.
There has been a 7.5% increase in Atlanta's median home value over the last year. As of 2022, the median home value is $400,000.
On average, homes in Atlanta sell after 41 days on the market.
The best time to sell a home in Atlanta for the most amount of money is in June, while the best time to sell quickly is in August.
The affordability index in Atlanta is 101. This number indicates increased affordability in this city.
The top ranked public schools are Brandon Elementary School, Charles R. Drew Charter School, Kipp South Fulton Academy School, Woodland Elementary Charter School, Heards Ferry Elementary School. This information is dependent on data measuring academic performance and equity.
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