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% |