Atlanta Housing Market at a Glance
Median Home Price
$425,000
Median Monthly Rent
$1,900
Property Tax Rate
0.87%
Avg Home Insurance
$2,000/yr
Price-to-Rent Ratio: 18.6x (Lower ratios favor buying; higher ratios favor renting)
Atlanta-Specific Insights
- → Atlanta's cost of living is lower than coastal metros, making homeownership more accessible.
- → Strong corporate relocations and film industry growth have stabilized both rental and sales markets.
Run Your Atlanta Scenario
Pre-filled with Atlanta's median data. Adjust to your situation.
Open Calculator with Atlanta Data →Key Factors for Atlanta Buyers
1. Down Payment Requirements
With Atlanta's median home price of $425,000, a 20% down payment is $85,000. Putting down less triggers PMI (typically 0.5–1.5% annually until you reach 20% equity).
2. Property Taxes
GA's property tax rate averages 0.87%, which translates to roughly $308.125/month on a median-priced home. This is below the national average.
3. Tax Deductions
Mortgage interest is deductible if you itemize (must exceed standard deduction: ~$14,600 single, ~$29,200 married in 2025). Combined with GA state taxes, itemizing may be worthwhile.
4. Opportunity Cost
If you rent and invest your down payment instead (e.g., S&P 500 averaging ~10% annually), you build wealth differently. The calculator models this trade-off month-by-month to find your break-even point.