Georgia real estate market shows significant growth in home prices – Rough Draft Atlanta

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The real estate market in Georgia continues to experience significant growth, with certain cities seeing a notable surge in home prices. Despite the coronavirus pandemic’s impact, housing demand remains high, resulting in increased competition among buyers and driving up prices for affordable properties.

According to data compiled by Stacker several cities in Georgia have experienced the fastest-growing home prices in the state. The rankings are based on the dollar change in the Zillow Home Values Index for all homes in the past 12 months ending October 2023. The data highlights the impressive growth rates in these cities compared to the previous year.


Buy/sell, rent/lease residential &
commercials real estate properties.

Here’s the list:

1. Skidaway Island

  • Typical home value: $844,865
  • 1-year price change: +$75,888 (+9.9%)
  • 5-year price change: +$358,979 (+73.9%)
  • Metro area: Savannah, GA

2. Tybee Island

  • Typical home value: $680,178
  • 1-year price change: +$62,017 (+10.0%)
  • 5-year price change: +$280,823 (+70.3%)
  • Metro area: Savannah, GA

3. Milton

  • Typical home value: $866,982
  • 1-year price change: +$42,848 (+5.2%)
  • 5-year price change: +$325,907 (+60.2%)
  • Metro area: Atlanta-Sandy Springs-Alpharetta, GA

4. Alpharetta

  • Typical home value: $671,146
  • 1-year price change: +$38,895 (+6.2%)
  • 5-year price change: +$258,525 (+62.7%)
  • Metro area: Atlanta-Sandy Springs-Alpharetta, GA

5. Saint Simons Island

  • Typical home value: $628,462
  • 1-year price change: +$37,235 (+6.3%)
  • 5-year price change: +$234,290 (+59.4%)
  • Metro area: Brunswick, GA

6. Isle of Hope

  • Typical home value: $524,509
  • 1-year price change: +$36,632 (+7.5%)
  • 5-year price change: +$195,454 (+59.4%)
  • Metro area: Savannah, GA

7. Berkeley Lake

  • Typical home value: $728,719
  • 1-year price change: +$34,765 (+5.0%)
  • 5-year price change: +$257,885 (+54.8%)
  • Metro area: Atlanta-Sandy Springs-Alpharetta, GA

8. Peachtree City

  • Typical home value: $519,848
  • 1-year price change: +$31,771 (+6.5%)
  • 5-year price change: +$167,338 (+47.5%)
  • Metro area: Atlanta-Sandy Springs-Alpharetta, GA

9. Marble Hill

  • Typical home value: $709,366
  • 1-year price change: +$30,809 (+4.5%)
  • 5-year price change: +$270,382 (+61.6%)
  • Metro area: Atlanta-Sandy Springs-Alpharetta, GA

10. Ellabell

  • Typical home value: $276,371
  • 1-year price change: +$30,573 (+12.4%)
  • 5-year price change: +$120,713 (+77.6%)
  • Metro area: Savannah, GA

11. Montgomery

  • Typical home value: $354,032
  • 1-year price change: +$30,283 (+9.4%)
  • 5-year price change: +$139,654 (+65.1%)
  • Metro area: Savannah, GA

12. Roswell

  • Typical home value: $610,722
  • 1-year price change: +$30,145 (+5.2%)
  • 5-year price change: +$209,825 (+52.3%)
  • Metro area: Atlanta-Sandy Springs-Alpharetta, GA

13. Dillard

  • Typical home value: $329,356
  • 1-year price change: +$28,997 (+9.7%)
  • 5-year price change: +$152,265 (+86.0%)
  • Metro area: not in a metro area

14. Bloomingdale

  • Typical home value: $277,319
  • 1-year price change: +$28,804 (+11.6%)
  • 5-year price change: +$121,374 (+77.8%)
  • Metro area: Savannah, GA

15. Clyo

  • Typical home value: $249,377
  • 1-year price change: +$28,713 (+13.0%)
  • 5-year price change: +$104,575 (+72.2%)
  • Metro area: Savannah, GA

16. Walnut Grove

  • Typical home value: $322,407
  • 1-year price change: +$28,000 (+9.5%)
  • 5-year price change: +$148,105 (+85.0%)
  • Metro area: Atlanta-Sandy Springs-Alpharetta, GA

17. Buckhead

  • Typical home value: $488,905
  • 1-year price change: +$27,894 (+6.1%)
  • 5-year price change: +$192,275 (+64.8%)
  • Metro area: Atlanta-Sandy Springs-Alpharetta, GA

18. Johns Creek

  • Typical home value: $658,733
  • 1-year price change: +$27,545 (+4.4%)
  • 5-year price change: +$232,766 (+54.6%)
  • Metro area: Atlanta-Sandy Springs-Alpharetta, GA

19. Brooks

  • Typical home value: $533,305
  • 1-year price change: +$27,166 (+5.4%)
  • 5-year price change: +$194,658 (+57.5%)
  • Metro area: Atlanta-Sandy Springs-Alpharetta, GA

20. Pembroke

  • Typical home value: $225,615
  • 1-year price change: +$27,072 (+13.6%)
  • 5-year price change: +$97,016 (+75.4%)
  • Metro area: Savannah, GA

21. Bishop

  • Typical home value: $565,658
  • 1-year price change: +$26,888 (+5.0%)
  • 5-year price change: +$210,221 (+59.1%)
  • Metro area: Athens-Clarke County, GA

22. Springfield

  • Typical home value: $260,783
  • 1-year price change: +$26,442 (+11.3%)
  • 5-year price change: +$112,966 (+76.4%)
  • Metro area: Savannah, GA

23. Sky Valley

  • Typical home value: $403,377
  • 1-year price change: +$26,305 (+7.0%)
  • 5-year price change: +$197,628 (+96.1%)

24. Rutledge

  • Typical home value: $391,038
  • 1-year price change: +$25,853 (+7.1%)
  • 5-year price change: +$154,841 (+65.6%)
  • Metro area: Atlanta-Sandy Springs-Alpharetta, GA

25. Savannah

  • Typical home value: $296,777
  • 1-year price change: +$25,687 (+9.5%)
  • 5-year price change: +$126,676 (+74.5%)
  • Metro area: Savannah, GA

26. Avondale Estates

  • Typical home value: $536,017
  • 1-year price change: +$25,337 (+5.0%)
  • 5-year price change: +$165,475 (+44.7%)
  • Metro area: Atlanta-Sandy Springs-Alpharetta, GA

27. Senoia

  • Typical home value: $470,120
  • 1-year price change: +$25,160 (+5.7%)
  • 5-year price change: +$180,777 (+62.5%)
  • Metro area: Atlanta-Sandy Springs-Alpharetta, GA

28. Brooklet

  • Typical home value: $275,716
  • 1-year price change: +$25,073 (+10.0%)
  • 5-year price change: +$115,857 (+72.5%)
  • Metro area: Statesboro, GA

29. Garden City

  • Typical home value: $212,631
  • 1-year price change: +$24,820 (+13.2%)
  • 5-year price change: +$98,821 (+86.8%)
  • Metro area: Savannah, GA

30. Peachtree Corners

  • Typical home value: $521,451
  • 1-year price change: +$24,135 (+4.9%)
  • 5-year price change: +$184,632 (+54.8%)
  • Metro area: Atlanta-Sandy Springs-Alpharetta, GA

31. Waverly

  • Typical home value: $324,541
  • 1-year price change: +$23,880 (+7.9%)
  • 5-year price change: +$136,362 (+72.5%)
  • Metro area: St. Marys, GA

32. Cumming

  • Typical home value: $574,759
  • 1-year price change: +$23,714 (+4.3%)
  • 5-year price change: +$231,194 (+67.3%)
  • Metro area: Atlanta-Sandy Springs-Alpharetta, GA

33. Statesboro

  • Typical home value: $241,680
  • 1-year price change: +$23,673 (+10.9%)
  • 5-year price change: +$97,204 (+67.3%)
  • Metro area: Statesboro, GA

34. Rincon

  • Typical home value: $312,340
  • 1-year price change: +$23,599 (+8.2%)
  • 5-year price change: +$120,276 (+62.6%)
  • Metro area: Savannah, GA

35. Cobb

  • Typical home value: $303,005
  • 1-year price change: +$23,328 (+8.3%)
  • 5-year price change: +$116,610 (+62.6%)
  • Metro area: Americus, GA

36. Flintstone

  • Typical home value: $231,183
  • 1-year price change: +$23,322 (+11.2%)
  • 5-year price change: +$97,972 (+73.5%)
  • Metro area: Chattanooga, TN-GA

37. Ball Ground

  • Typical home value: $425,734
  • 1-year price change: +$23,257 (+5.8%)
  • 5-year price change: +$181,570 (+74.4%)
  • Metro area: Atlanta-Sandy Springs-Alpharetta, GA

38. Waleska

  • Typical home value: $431,427
  • 1-year price change: +$23,250 (+5.7%)
  • 5-year price change: +$173,989 (+67.6%)
  • Metro area: Atlanta-Sandy Springs-Alpharetta, GA

39. North High Shoals

  • #39. North High Shoals
  • Typical home value: $463,799
  • 1-year price change: +$23,094 (+5.2%)
  • 5-year price change: +$182,635 (+65.0%)
  • Metro area: Athens-Clarke County, GA

40. Townsend

  • Typical home value: $227,345
  • 1-year price change: +$22,988 (+11.2%)
  • 5-year price change: +$86,560 (+61.5%)
  • Metro area: Brunswick, GA

41. Madison

  • Typical home value: $390,918
  • 1-year price change: +$22,486 (+6.1%)
  • 5-year price change: +$162,790 (+71.4%)
  • Metro area: Atlanta-Sandy Springs-Alpharetta, GA

42. Moreland

  • Typical home value: $423,047
  • 1-year price change: +$22,370 (+5.6%)
  • 5-year price change: +$162,673 (+62.5%)
  • Metro area: Atlanta-Sandy Springs-Alpharetta, GA

43. Richmond Hill

  • Typical home value: $394,940
  • 1-year price change: +$22,244 (+6.0%)
  • 5-year price change: +$137,716 (+53.5%)
  • Metro area: Savannah, GA

44. Midway

  • Typical home value: $261,177
  • 1-year price change: +$22,042 (+9.2%)
  • 5-year price change: +$106,723 (+69.1%)
  • Metro area: Hinesville, GA

45. Dunwoody

  • Typical home value: $623,117
  • 1-year price change: +$21,903 (+3.6%)
  • 5-year price change: +$170,446 (+37.7%)
  • Metro area: Atlanta-Sandy Springs-Alpharetta, GA

46. Woodbine

  • Typical home value: $279,656
  • 1-year price change: +$21,765 (+8.4%)
  • 5-year price change: +$118,666 (+73.7%)
  • Metro area: St. Marys, GA

47. Suwanee

  • Typical home value: $578,726
  • 1-year price change: +$21,379 (+3.8%)
  • 5-year price change: +$225,341 (+63.8%)
  • Metro area: Atlanta-Sandy Springs-Alpharetta, GA

48. Sharpsburg

  • Typical home value: $407,695
  • 1-year price change: +$21,347 (+5.5%)
  • 5-year price change: +$148,391 (+57.2%)
  • Metro area: Atlanta-Sandy Springs-Alpharetta, GA

49. Brookhaven

  • Typical home value: $677,272
  • 1-year price change: +$21,173 (+3.2%)
  • 5-year price change: +$156,730 (+30.1%)
  • Metro area: Atlanta-Sandy Springs-Alpharetta, GA

50. Pooler

  • Typical home value: $340,384
  • 1-year price change: +$20,904 (+6.5%)
  • 5-year price change: +$127,537 (+59.9%)
  • Metro area: Savannah, GA

These findings shed light on the ongoing real estate frenzy in Georgia, demonstrating the sustained demand for housing despite the challenging circumstances of the past year. As mortgage rates fluctuate, homebuyers and investors must stay informed about the evolving market conditions.

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