Home prices in metro Atlanta have been steadily rising since 2012, and much of the increase is at the lower end of the market.
That increase – driven by a surplus of wannabe buyers – has been good news for homeowners who want to sell, of course, but it’s has lifted the price of many of those homes out of reach for many people with modest incomes – especially first-time buyers.
The median household income in Atlanta – often the result of several paychecks – is about $63,000. Experts say that makes the effective ceiling for a home purchase to be about $240,000.
Core counties of Atlanta
first quarter, median home price
2018: $254,900
2017: $237,154
2016: $223,000
2015: $209,950
Source: Re/Max Georgia
For more information on affordable housing in Metro Atlanta go to myAJC.com.
