The typical owner-occupied home in Atlanta is worth about $439,600, 45% above the Georgia median of $303,300 and 32% above the national median of $332,700. Owners pay a median $4,231 a year in property taxes, about 0.96% of their home's value, higher than the Georgia rate of 0.77%. The median household earns $85,652 a year, so the median home costs 5.1 times the median income (3.9 times for Georgia). 46% of occupied homes here are lived in by their owners, and 72% of those owners still have a mortgage.
Atlanta at a glance
| Atlanta | Georgia | U.S. | |
|---|---|---|---|
| Median home value | $439,600 | $303,300 | $332,700 |
| Median property tax paid per year | $4,231 | $2,341 | $3,119 |
| Property tax as a share of value | 0.96% | 0.77% | 0.94% |
| Median household income | $85,652 | $77,353 | $80,734 |
| Homes lived in by their owners | 46% | 66% | 65% |
| Owner homes with a mortgage | 72% | 63% | 61% |
| Median monthly costs, owners with a mortgage | $2,423 | $1,783 | $1,963 |
| Those costs as a share of the owners' income | 19.3% | 20.0% | 21.0% |
| Median rent | $1,711 | $1,393 | $1,413 |
| Rent as a share of renters' income | 30.9% | 31.3% | 30.6% |
| Median year homes were built | 1989 | 1992 | 1980 |
| Vacant homes | 11.1% | 10.3% | 10.1% |
| Population | 505,268 | 10,940,407 | 334,922,499 |
What a typical home costs per month in Atlanta
At this week's average 30-year rate of 7.11%, buying the median Atlanta home of $439,600 with 20% down costs about $2,901 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,633, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $124,312 for the 20%-down payment. That payment is 41% of the median Atlanta household income of $85,652; at that income and 20% down, the 28% guideline points to a home of about $303,000.
The median rent here is $1,711 a month, so owning the median home costs about $1,190 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $87,920 |
|---|---|
| Loan amount | $351,680 |
| Principal and interest | $2,366 |
| Property taxes (0.96% a year) | $352 |
| Homeowners insurance (our estimate, 0.5% a year) | $183 |
| PMI | $0 |
| Total per month | $2,901 |
Change the numbers in the calculator
| Down payment | $15,386 |
|---|---|
| Loan amount | $431,638 |
| Principal and interest | $2,904 |
| Property taxes (0.96% a year) | $352 |
| Homeowners insurance (our estimate, 0.5% a year) | $183 |
| FHA mortgage insurance | $194 |
| Total per month | $3,633 |
Change the numbers in the calculator
Questions about home buying in Atlanta
What is the median home value in Atlanta?
About $439,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Atlanta?
Homeowners pay a median $4,231 a year, which is about 0.96% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Atlanta?
For the median home with 20% down at 7.11%, the payment is about $2,901 a month. Keeping that under 28% of gross income takes about $124,312 a year.
More about Atlanta
- Mortgage Refinance in Atlanta
- Debt Relief in Atlanta
- Home Equity Loans in Atlanta
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data