Are home prices falling in Atlanta?

Atlanta's FHFA house price index changed +1.4% from 2024 to 2025. The latest annual reading is at its highest annual reading in this series. These are annual observations through 2025, not a reading of this month's listings or sale prices. Annual averages can hide changes within a year.

Atlanta home appreciation over 1, 5 and 10 years

Nominal FHFA index changes through 2025; state comparison uses identical start and end years.
Period	Metro total	Metro per year	GA total
1 year (2024–2025)	+1.4%	+1.4%	+2.2%
5 years (2020–2025)	+56.1%	+9.3%	+57.6%
10 years (2015–2025)	+115.0%	+8.0%	+110.2%

Total appreciation measures the change between the two annual index values. Per-year appreciation is the compound annual growth rate, not a simple average of annual percentage changes. Figures are not adjusted for inflation and exclude rent, mortgage interest, taxes, insurance, maintenance and transaction costs. They are not an investor's net return.

Atlanta housing drawdown and recovery time

Atlanta's largest observed annual peak-to-trough decline was 27.7%, from 2007 to 2012. The index first regained that peak in 2017, 10 years after the peak. This measures nominal index recovery, not an investor's break-even date after costs or inflation.

Drawdown is the largest decline from a preceding annual peak in the available 1975–2025 series. Annual observations can understate within-year losses. Longer series include more cycles, so compare coverage periods as well as percentages.

Atlanta appreciation by holding period

How much did the entry year matter? This table compares every complete five- and ten-year interval in the available annual series, including periods that ended below their starting value.

Total nominal price change across historical holding periods, 1975–2025.
Holding period	Lowest change	Highest change	Negative periods
5 years	-27.7% 2007–2012	+64.9% 2017–2022	5 of 46
10 years	-15.8% 2002–2012	+142.4% 2013–2023	6 of 41

Periods overlap: adjacent rows in the underlying calculation share most of their years. Counts describe this history, not independent trials or the probability of a future loss. These are price changes before inflation, financing, ownership costs or rental income.

What is the median home price in Atlanta?

This series does not report a dollar median. An index of 252.04 is an index reading, not a $252 home price. The index tracks changes in single-family property values; a median sale price depends on which homes sold. Use recent local closed-sale comparables for a purchase or sale decision. See average versus median home prices.

How can investors compare Atlanta with other markets?

Use the 100-metro appreciation comparison to compare identical holding periods, then check this market's drawdown and recovery history. Appreciation is one component of a property investment: this dataset does not measure rental yield, vacancy, cap rates or cash-on-cash returns. A metro-wide series covers the broader commuting area, not an individual neighborhood or home. Past appreciation does not predict the next cycle. For the national context, see housing affordability and mortgage rate history.

Atlanta housing market cycles

The Atlanta metropolitan area has FHFA House Price Index data running from 1975 through 2025. The index, rebased to 100 in the year 2000, stood at 30.3 in 1975 and 252.0 in 2025. Cumulative nominal appreciation since 2000: +152.0%.

Within the 2000–2013 crisis window, the Atlanta HPI declined by 27.7% peak-to-trough — from 129.0 in 2007 to 93.2 in 2012.

The pandemic-era surge brought the Atlanta HPI from 155.0 in 2019 to 252.0 in 2025 — a cumulative +62.6% move in 6 years.

Located in the South region of the United States, Atlanta is one of the 100 largest U.S. metropolitan statistical areas by population. Long-run housing appreciation in Atlanta reflects a combination of regional employment trends, in-migration patterns, and local supply constraints. The full year-by-year FHFA HPI for Atlanta is in the data table below.

To compare Atlanta to the national U.S. housing market, see the national median price history dashboard. Other metros in the South region: see the full metro index. For state-level data, see the state index.

Annual data — Atlanta

Download Atlanta annual home price index data (CSV)

FHFA House Price Index, 2000=100. Annual data; not seasonally adjusted. Source: U.S. Federal Housing Finance Agency.

Year	HPI (2000=100)	YoY change
2025	252.04	+1.43%
2024	248.48	+4.13%
2023	238.63	+7.28%
2022	222.44	+21.26%
2021	183.44	+13.59%
2020	161.50	+4.20%
2019	154.99	+6.14%
2018	146.02	+8.26%
2017	134.88	+7.18%
2016	125.84	+7.36%
2015	117.21	+7.40%
2014	109.13	+10.86%
2013	98.44	+5.57%
2012	93.25	-5.32%
2011	98.49	-7.62%
2010	106.61	-9.06%
2009	117.23	-6.25%
2008	125.04	-3.06%
2007	128.99	+1.64%
2006	126.91	+3.45%
2005	122.68	+4.77%
2004	117.10	+3.84%
2003	112.77	+1.87%
2002	110.70	+3.86%
2001	106.59	+6.59%
2000	100.00	+7.74%
1999	92.82	+6.10%
1998	87.48	+5.36%
1997	83.03	+4.57%
1996	79.40	+4.02%
1995	76.33	+3.89%
1994	73.47	+1.99%
1993	72.04	+1.79%
1992	70.77	+1.71%
1991	69.58	+0.42%
1990	69.29	-0.09%
1989	69.35	+2.03%
1988	67.97	+4.62%
1987	64.97	+4.86%
1986	61.96	+6.24%
1985	58.32	+4.80%
1984	55.65	+6.53%
1983	52.24	+2.77%
1982	50.83	+6.54%
1981	47.71	+8.56%
1980	43.95	+12.26%
1979	39.15	+12.24%
1978	34.88	+7.42%
1977	32.47	+4.00%
1976	31.22	+3.00%
1975	30.31	—

Nearby metros in the South region

Atlanta is the only top-100 metro in GA; these are other markets in the South census region, ranked by population.

Sources and methodology

The FHFA House Price Index is a weighted, repeat-sales index that measures average price changes in repeat sales or refinancings on the same single-family properties. The all-transactions index incorporates both purchase mortgages and refinance appraisals; the index is rebased to 100 in the year 2000. Coverage begins in 1975 for Atlanta. Source: FHFA HPI datasets; FHFA methodology FAQ. Data shown here end in 2025; the editorial review date does not indicate a new data release.

Home Appreciation & Price History in Atlanta