Atlanta Real Estate Market: July 2024 Stats and Trends

Atlanta Real Estate Market: July 2024 Stats and Trends

Real estate has become a popular avenue for people looking to diversify their income streams and potentially hedge against inflation. Whether you’re a seasoned pro or just getting started in investing, Atlanta, GA, is certainly worth considering.

Life in Atlanta offers a lively, diverse, vibrant pace of living. Think everything from live music, to soul food, to some of the best universities and schooling systems in the country. It boasts great weather year-round plus all of the art, shops, dining, and green spaces you could ever want. Also known as one of the United States' top entertainment and film hubs, this city truly has something for everyone. 

Atlanta Real Estate Market: July 2024 Stats and Trends

But what about the Atlanta real estate market in July 2024? What do stats and trends look like contemporarily? Facts and figures are constantly changing, so we’ve gathered all the most up-to-date information for you.

Here are some of the top trends for the Atlanta real estate market (July 2024):

Atlanta General Statistics

  • Population (city proper): 498,386 (up .01% since 2017)

  • Population (metro area): 6,222,908 

  • Area (city proper): 135.3 sq. mi.  

  • Area (metro area): 8,685.7 sq. mi. 

  • Median Age: 34 

  • GDP (metro area): $525.8 Billion

  • Unemployment rate (metro area): 2.8% (down -.2% since January 2024)

  • Top employers: The Home Depot, UPS, Delta Airlines, Coca-Cola Company, GE Energy Management Services LLC, Arby’s, Bellsouth Telecommunications INC, Cox Enterprises, Cox Media Group, WestRock.

  • Highest paying jobs: Oral Surgeon, Anesthesiologist, Assistant Professor of Surgery, Transplant Surgeon, Physician, Interventional Pain Physician, Hospitalist Physician, Pain Management Physician, Finance Services Director, Child & Adolescent Psychiatrist.  

  • Median income (per capita): $61,617

  • Median income (household): $83,251

Atlanta Real Estate Market (July 2024) Statistics

Atlanta Real Estate Market: July 2024 Stats and Trends

  • Neighborhoods: 208

  • Homes for sale as of July 2024: 5,721 

  • Median list price: $425K (up 1.6% since January 2024)

  • Median sold price: $362.5K (down -3.3% since January 2024)

  • Sale-to-list price ratio: 99%

  • Median price per square foot: $270 

  • Median days on market: 43 (down -17% since January 2024)

  • Rental vacancy rate: 1.6%

  • Homeowner vacancy rate: 1.8%

  • One-year appreciation rate: +2.0%

  • Average rent: $1,797 

  • Price-to-rent ratio: 15.65

  • Most expensive neighborhoods:  


Average Monthly Rent 

Median Listing Price

Ferncliff Commons



Club Forest



Argonne Forest



Randall Mill



Brookwood Hills



  • Least expensive neighborhoods:


Median Monthly Rent 

Median Listing Price

Carey Park



Florida Heights



Rebel Valley Forest






Wilson Mill Meadows



Final Thoughts: Atlanta Real Estate Market (July 2024) Trends

The Atlanta real estate market is constantly changing and evolving. But the potential for investors to profit is near-constant. Whether you’re an experienced real estate investor or brand new to the industry, the Atlanta real estate market could provide ample opportunity to build your portfolio.

Get Started Buying Homes With Evernest

Whether you’re purchasing one Atlanta home or one hundred, you don’t have to go it alone. 

If you’re ready to buy your first (or next) investment property, here are three steps to get started today: