Atlanta home prices nearly back to pre-recession peaks

by Rincey Abraham


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
Decatur $345,900 $480,600 139%
Chamblee $289,700 $344,900 119%
Druid Hills $501,500 $587,000 117%
North Druid Hills $350,100 $393,900 113%
Brookhaven $408,000 $452,100 111%
North Decatur $284,100 $308,900 109%
Avondale Estates $319,800 $347,400 109%
Senoia $180,700 $194,000 107%
Roswell $355,000 $362,600 102%
Alpharetta $379,700 $386,300 102%
Source: LawnStarter