04/13/2022
The housing market is fast moving, and can be vastly different depending on zip code and neighborhoods within the zip code. Not everything continued on an upward trajectory. Three metro Atlanta ZIP codes saw value depreciation over the first quarter.
In 30303 (Downtown Atlanta) the median value fell 12.6% over the first quarter to just under $257,000 as of March 31. The median value dropped 4.9% to about $403,700 in 30363 (Atlantic Station). And in 30308 (parts of Midtown and Old Fourth Ward), the median value declined 4.3% to just over $378,000.
The findings were reported by the Atlanta Business Chronicle, derived from a collection of sales, listing and valuation data provided by Zillow. The quarterly rankings use a weighted formula to identify the local home markets most — and least — in demand in a given period, in this case the three-month span that ended March 31. Data for two ZIP codes — 30111 (Austell) and 30250 (Lovejoy) — were not available.
See the top 25 metro Atlanta ZIP codes for Q1 price appreciation below:
Atlanta - 30305: 13.3% ($791,518 median value as of March 31)
Riverdale - 30274: 12.8% ($203,205)
Jonesboro - 30238: 12% ($232,315)
Atlanta - 30309: 12% ($484,665)
Morrow - 30260: 12% ($215,198)
Forest Park - 30297: 11.4% ($159,154)
Jonesboro - 30236: 10.3% ($259,337)
Rex - 30273: 10.2% ($244,286)
Riverdale - 30296: 9.9% ($237,264)
Union City - 30291: 9.4% ($239,704)
Stone Mountain - 30088: 9.3% ($237,880)
Fairburn - 30213: 9.1% ($317,758)
Atlanta - 30336: 9% ($287,182)
Conley - 30288: 8.9% ($211,619)
Lithonia - 30038: 8.9% ($248,483)
Ellenwood - 30294: 8.8% ($280,850)
Kennesaw - 30152: 8.6% ($444,256)
Pine Lake - 30072: 8.5% ($272,878)
Conyers - 30013: 8.4% ($315,415)
Panthersville - 30034: 8.4% ($257,250)
Hampton - 30228: 8.4% ($296,301)
Austell - 30168: 8.4% ($275,799)
Lithonia - 30058: 8.4% ($243,494)
Kennesaw - 30144: 8.3% ($366,978)
Smyrna - 30080: 8.3% ($442,205)
And the bottom 10:
Sandy Springs - 30328: 3.6% ($600,251 median value as of March 31)
Avondale Estates - 30002: 3.5% ($502,335)
Woodstock - 30188: 3.3% ($400,759)
Doraville - 30340: 3.3% ($343,425)
Atlanta - 30318: 2.8% ($380,778)
Atlanta - 30313: 2.7% ($350,183)
Canton - 30114: 2.4% ($404,180)
Atlanta - 30308: -4.3% ($378,410)
Atlanta - 30363: -4.9% ($403,717)
Atlanta - 30303: -12.6% ($256,950)