The Atlanta housing market is flat, with rents doing better than prices. As of July 31, 2026, the Zillow Home Value Index for the Atlanta, GA metro was $377,628, down 1.7% from $384,351 a year earlier and 0.1% below June [1]. Typical rents rose 2.0% to $1,848, active inventory of 33,934 homes was essentially unchanged from July 2025, and 29% of listings carried a price cut [1]. With the 30-year fixed mortgage rate at 6.66% in the week ending August 27, 2026, the principal-and-interest payment on the typical Atlanta home is about 3.5% lower than a year ago, and Atlanta remains one of the most affordable large metros in the country relative to local incomes [2].
Atlanta housing market: how far have home values fallen?
Not far. The metro-wide typical home value (all homes, smoothed and seasonally adjusted) was $377,628 in July 2026, compared with $384,351 in July 2025 and $378,029 in June 2026 [1]. The 12-month decline of 1.7% is among the smallest of the large Sun Belt metros, and the monthly changes have shrunk to a tenth of a percent.
The spread by segment is narrow. Single-family values fell 1.7% to $384,434, the bottom third of the market fell 2.2% to $254,147, and the top third fell 0.9% to $628,623 [1]. Condos were the weakest segment, down 3.9% to $269,676 from $280,729 [1]. The median sale price rose to $390,000 in July 2026 from $380,000 a year earlier, a 2.6% gain that reflects a sales mix leaning toward newer and larger homes in the northern suburbs [1].
What a buyer pays each month
Zillow's estimated principal-and-interest payment on the typical Atlanta home with 20% down was $1,918 in July 2026, down 3.5% from $1,988 in July 2025 [1]. Including taxes and insurance, the total monthly payment with 20% down was $2,572, versus $2,641 a year earlier [1]. The national 30-year fixed rate averaged 6.66% in the week ending August 27, 2026, compared with 6.56% in the same week of 2025, so the entire improvement came from lower prices [2].
Atlanta rents and rent yield in 2026
Atlanta is one of the few large metros where rents are rising across the board. The Zillow Observed Rent Index for all homes and apartments in the Atlanta metro was $1,848 in July 2026, 2.0% above the $1,811 of July 2025 [1]. Single-family rents rose 2.6% to $2,295 and apartment rents rose 1.0% to $1,662, which suggests the multifamily supply wave that held rents down in 2024 and 2025 has largely been absorbed [1].
The gross rent yield on a typical single-family home is about 7.2%: twelve months of rent at $2,295 equals $27,536 against a typical single-family value of $384,434 [1]. That is one of the highest yields among metros of Atlanta's size, which is why institutional single-family landlords have concentrated here. Property taxes vary widely by county. DataPorium's data shows median effective rates of 1.24% in ZIP 30327 (Buckhead) and 1.42% in 30305 (Buckhead) in Fulton County, 1.17% in 30319 (Brookhaven, DeKalb County), 0.99% in 30066 (Marietta, Cobb County), 1.12% in 30044 (Lawrenceville, Gwinnett County) and 1.62% in 30315 (south Atlanta) [4]. Cobb and north Fulton suburbs therefore offer the best combination of yield and tax burden for investors.
Inventory, days on market and price cuts
Supply is high and steady. Active for-sale inventory was 33,934 homes in July 2026, 0.2% below the 34,004 of July 2025, after climbing from 27,810 in February through the spring [1]. Homes take longer to sell in Atlanta than in most Sun Belt metros: the median listing took 37 days to go pending in July 2026, one day longer than a year earlier, though far quicker than the 61 days recorded in January [1]. Sellers are cutting less often than a year ago, with 29% of listings showing a price cut in July against 32% in July 2025 [1]. Zillow's market heat index read 46 in July 2026, unchanged from a year earlier, which describes a market that leans slightly toward buyers [1].
- Active listings: 33,934 in July 2026, versus 34,004 in July 2025 [1]
- Median days to pending: 37, versus 36 a year earlier [1]
- Share of listings with a price cut: 29%, versus 32% a year earlier [1]
- Median sale price: $390,000, versus $380,000 a year earlier [1]
Which Atlanta ZIP codes are the most and least expensive?
Metro Atlanta covers 29 counties, and the price gap between the north side and the south side is one of the widest in the country. The table shows Zillow's smoothed typical home value by ZIP code for July 2026 with the median effective property tax rate for each area from DataPorium [1][4].
| ZIP code | Area | Typical home value, July 2026 | Median effective property tax |
|---|---|---|---|
| 30327 | Buckhead (West Paces Ferry) | $1,542,801 | 1.24% |
| 30319 | Brookhaven | $766,252 | 1.17% |
| 30004 | Alpharetta, Milton | $755,513 | 1.05% |
| 30305 | Buckhead (Peachtree Road) | $699,921 | 1.42% |
| 30066 | Marietta (east Cobb) | $441,849 | 0.99% |
| 30044 | Lawrenceville | $357,459 | 1.12% |
| 30315 | South Atlanta | $248,126 | 1.62% |
| 30297 | Forest Park | $164,351 | 1.28% |
The most expensive ZIP in the sample, 30327 in Buckhead, is worth more than nine times the least expensive, 30297 in Forest Park, and the two are only about 15 miles apart [1]. Marietta and Lawrenceville represent the broad middle of the metro, where typical values sit close to the metro average and where most of the region's single-family rental stock is located [1]. Investors can compare these and every other ZIP on DataPorium's housing market data, which carries Zillow values, rents and inventory at the state, metro, city and ZIP levels [1].
Population, income and what it means for buyers and investors
Demand keeps building. The Census Bureau estimates the Atlanta-Sandy Springs-Roswell metro population at 6,482,182 as of July 2025, up 61,953 from 6,420,229 in 2024 and 5.2% above the 6,160,335 of 2021 [3]. Inside the city of Atlanta, the 2024 American Community Survey shows a median household income of $85,652, up from $64,179 in 2020, with a population of 505,268 and a homeownership rate of 46.4% [4]. City incomes rose a third in four years while metro home values have been flat since 2022, which is a large gain in affordability delivered by private income growth rather than policy.
Atlanta is a market where steady population growth, rising rents and flat prices give investors one of the best yield-to-price ratios of any large U.S. metro.
For buyers, the practical reading is that 34,000 active listings and a 37-day median time to pending give more room to negotiate than in faster markets, and prices have stopped falling [1]. The counterpoint is that the south side of the metro has seen weaker demand for years, so location matters more here than in most metros. For investors, a 7.2% gross single-family yield with rents rising 2.6% is a strong starting point, and the choice of county sets the tax burden: effective rates near 1.0% in Cobb versus 1.4% or more in parts of Fulton change the net yield by almost half a percentage point [1][4]. Zillow's rolling 12-month home value forecast for the metro is updated each month and shown beside the current values on the DataPorium market page [1]. Property-level detail is available through DataPorium's real estate module [4].
Key takeaways
- Atlanta's typical home value was $377,628 in July 2026, down 1.7% year over year and 0.1% from June [1].
- Condo values fell 3.9% to $269,676, while single-family values fell 1.7% to $384,434 [1].
- Typical rent rose 2.0% to $1,848, single-family rent rose 2.6%, and the gross single-family rent yield is about 7.2% [1].
- Inventory of 33,934 homes is flat year over year; 29% of listings had a price cut and the median time to pending was 37 days [1].
- Metro population reached 6,482,182 in 2025, and the 30-year mortgage rate was 6.66% in late August 2026 [2][3].
Frequently asked questions
Are home prices dropping in Atlanta in 2026?
Only slightly. The Zillow Home Value Index for the Atlanta metro was $377,628 in July 2026, 1.7% below July 2025 and 0.1% below June, with condos down 3.9% and single-family homes down 1.7% [1].
What is the average rent in Atlanta in 2026?
The typical asking rent across all homes and apartments in the Atlanta metro was $1,848 per month in July 2026, up 2.0% from a year earlier; the typical single-family rental was $2,295 [1].
Is Atlanta a buyer's market right now?
It leans that way: about 34,000 active listings, a 37-day median time to pending, 29% of listings with a price cut and a market heat index of 46 in July 2026 [1].
What is the most expensive ZIP code in Atlanta?
Among the ZIPs reviewed, 30327 in Buckhead had the highest typical home value at about $1.54 million in July 2026, followed by 30319 (Brookhaven) at about $766,000 [1].
Sources & References
- [1] DataPorium Housing Market Insights (Zillow ZHVI, ZORI, inventory and market data)
- [2] Freddie Mac via FRED: 30-Year Fixed Rate Mortgage Average in the United States (MORTGAGE30US)
- [3] U.S. Census Bureau via FRED: Resident Population in Atlanta-Sandy Springs-Roswell, GA (MSA) (ATLPOP)
- [4] DataPorium Real Estate: property tax, demographics and neighborhood data
