Atlanta home prices nearly back to pre-recession peaks

by Rincey Abraham

atlanta-emerging-real-estate-market-2017

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