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Atlanta real estate market overview
- Average Monthly Rent: $1,880
- Home Price/Value Percentage Change: 8.50%
- Median Home Value: $404,263
- Best Time To Sell a Home: May
- Affordability Index: Moderate
- Days To Sell a House: 57
- Job Market: Fair
- Public School Ranking: 36
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 522,328, with a growth rate of 1.53% annually.
The job market has decreased by -5.21% over the last year. In ten years, job growth is predicted to be 46.8%. The most common employment sectors for those who live in Atlanta are Professional, Scientific & Technical Services, Retail, Transports, Educational Services and Health Care & Social Assistance. Some of the best employing companies are The Home Depot, UPS, Delta Air Lines, The Coca-Cola Company and GE Energy Management Services LLC.
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
- Midtown
- North Buckhead
- Pine Hills
- Edgewood
- Reynoldstown
The average monthly rent in Atlanta is $1,880 for an average apartment size of 970 sq. feet.
There has been a 8.5% increase in Atlanta's median home value over the last year. As of 2023, the median home value is $404,263.
On average, homes in Atlanta sell after 57 days on the market.
The best time to sell a home in Atlanta for the most amount of money is in May, while the best time to sell quickly is also May.
The affordability index in Atlanta is 109. This number indicates moderate affordability in this city.
The top ranked public schools are Kittredge Magnet School, Austin elementary School, Heards Ferry elementary School, Vanderlyn Elementary School and Morningside elementary School. This information is dependent on data measuring academic performance and equity.
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