As far as the housing market goes, by far the largest piece of Atlanta’s real estate wedge is made up of single-family homes for sale. In fact, there are more than 172,800 single-family homes in the city. The second most prevalent type of residential property is multi-family, with 4,603, followed by apartments for sale. In total, there are 1,617 apartments in Atlanta and 52 condos.
382 other types of residential units of other types are also present in Atlanta’s real estate market.
While home prices can significantly vary from neighborhood to neighborhood, real estate in Atlanta is more affordable than in most markets, based on real estate trends in historical median sale price and historical median home values. Being Georgia’s economic hub, though, Atlanta proves less affordable than other Georgia cities.
Real estate prices for commercial properties are in flux as well. There are 6,172 commercial units, just under 2,000 industrial units, more than 1,100 mixed use buildings, and 16,535 vacant lots.