Prices of entry-level metro Atlanta homes rising faster than incomes


Home prices in metro Atlanta have been steadily rising since 2012, and much of the increase is at the lower end of the market.

That increase – driven by a surplus of wannabe buyers – has been good news for homeowners who want to sell, of course, but it’s has lifted the price of many of those homes out of reach for many people with modest incomes – especially first-time buyers.

The median household income in Atlanta – often the result of several paychecks – is about $63,000. Experts say that makes the effective ceiling for a home purchase to be about $240,000.

Core counties of Atlanta 

first quarter, median home price

2018: $254,900

2017: $237,154

2016: $223,000

2015: $209,950

Source: Re/Max Georgia

For more information on affordable housing in Metro Atlanta go to myAJC.com.



Reader Comments ...


Next Up in Business

Atlanta-based Home Depot sees $300M tariff hit, but it’s manageable
Atlanta-based Home Depot sees $300M tariff hit, but it’s manageable

Home Depot, the state’s largest company, expects the current round of tariffs to add nearly $300 million to the cost of what it sells, but views the amount as “manageable.” In an interview after the Atlanta-based company announced a surprisingly robust set of results for the most recent quarter, Chief Financial Officer Carol Tome...
Party scene around Braves’ SunTrust Park stadium missing one piece
Party scene around Braves’ SunTrust Park stadium missing one piece

Even on nights when the Atlanta Braves aren’t swinging, some bars and restaurants just outside SunTrust Park are hitting home runs. Enough so, in fact, that 23-year-old Jimmy Hutchinson moved into an apartment inside the The Battery Atlanta mixed-use development adjacent to the ballpark in Cobb County to enjoy the scene. “We thought it...
Southwest restricts emotional support animals, service animals
Southwest restricts emotional support animals, service animals

Southwest Airlines has announced new restrictions on emotional support animals and service animals, following similar moves by Delta Air Lines and other carriers. Dallas-based Southwest, the second-largest airline in Atlanta, announced that starting Sept. 17 it will limit emotional support animals to one dog or cat per customer.  No other types...
Coca-Cola acquires part ownership of BodyArmor sports drink
Coca-Cola acquires part ownership of BodyArmor sports drink

Coca-Cola has acquired minority ownership of BodyArmor, a sports drink company. The agreement will grant BodyArmor access to Coca-Cola’s bottling and distribution system, a move Duane Stanford, the executive editor of Beverage Digest, a publication on the non-alcoholic beverage industry observes will further accelerate the brand’s...
Delta hiring 1,000 flight attendants
Delta hiring 1,000 flight attendants

Delta Air Lines said it plans to hire more than 1,000 flight attendants for 2019. Last year, the airline had about 1,700 flight attendant openings and said it got more than 270,000 applicants. In order to qualify for the job of flight attendant at Delta, applicants must be able to work a flexible schedule, have a high school degree or...
More Stories