With home prices on the rise, the Atlanta market seems to be recovering from the recession with the region recovering even better than Georgia and the U.S. as a whole, according to a new LawnStarter report.
To measure the city’s recovery, LawnStarter utilized Zillow’s Housing Value Index and adjusted for inflation, then compare current home values in the Atlanta-Sandy Springs-Roswell MSA to pre-recession peaks. The website then compared the MSA’s data to that of the state as a whole, the United States and other cities around the country.
The median home value in the MSA is $180,000, which is 87 percent of the pre-recession peak of $207,000. The United States is at 86 percent of peak values, while Georgia is at 84 percent.
Among the top 100 metro areas across the country, Atlanta-Sandy Springs-Roswell ranks at No. 48, while it ranks at No. 5 in all of the metro areas in Georgia. The Augusta-Richmond County MSA ranked at the top of the state’s list, with a median home value of at $110,000, while its peak was at $111,400.
Decatur was the highest-ranked city within the Atlanta-Sandy Springs-Roswell MSA, with a 139 percent recovered home value, followed by Chamblee and Druid Hills.
|City||Peak Median Home Value (in today’s dollars)||Current Median Home Value||% Recovered|
|North Druid Hills||$350,100||$393,900||113%|