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Market Update, Georgia
Median price at $356,812, Atlanta rent at $2,070, and the 30-year fixed back up at 7.40 percent. Here is what the latest Georgia housing market data means if you own a rental.
The Georgia housing market is doing in October what it has done all year: holding its price line while losing transactions. Prices are up slightly, closed sales are down, listings keep building, and the 30-year fixed rate has climbed back above 7 percent after a brief dip. If you own a rental here, the number that matters is not the median price. It is the cost of buying, which has risen again and which keeps the renter pool deep.
The short version: the housing market in Georgia is up 1.4 percent on price year over year, closed sales are down 9.8 percent on the Georgia REALTORS count, homes for sale have grown 2.0 percent, homes take 62 to 65 days to sell depending on whose measure you use, Zillow's fresh city data puts Atlanta rent at $2,070, and a 7.40 percent mortgage rate now makes principal and interest on a median priced Atlanta home about $284 a month more expensive than renting one.
Correction, October 20, 2026. Our September update reported, from the Georgia REALTORS July release, that Georgia closed sales fell 20.6 percent in July 2026. Georgia REALTORS has since revised July sharply upward. The September Monthly Indicators report, current as of October 16, 2026, shows 12,190 July closed sales, up 2.0 percent year over year rather than down a fifth, and July pending sales revised from 8,626 to 11,116, a 1.0 percent decline rather than a 23 percent one. August closed sales were also revised, from 10,537 at first release to 10,627. We are carrying this note rather than quietly swapping the number. Expect the September figures below to be revised the same way in the November release.
The three headline numbers are in the boxes above. Below are the remaining housing market statistics for Georgia, searched just as often as GA housing market statistics, or simply as housing market Georgia. Redfin and Georgia REALTORS publish different statewide medians because they compile different data sets, Redfin working from MLS and public records and Georgia REALTORS compiling reports from Georgia MLSs through ShowingTime. Every figure below is labeled with its source and the two are never combined.
| Metric | Latest reading | Change |
|---|---|---|
| Homes for sale (Redfin) | 70,793 (September 2026) | Up 2.0 percent year over year |
| Homes sold (Redfin) | 9,980 (September 2026) | Down 10.4 percent year over year |
| Newly listed homes (Redfin) | 14,948 (September 2026) | Down 9.49 percent year over year |
| Homes sold above list price (Redfin) | 17.9 percent (September 2026) | Up 1.2 points year over year |
| Sale-to-list price (Redfin) | 97.6 percent (September 2026) | Up 0.1 points year over year |
| Statewide median sale price (Georgia REALTORS) | $355,000 (September 2026) | Up 1.4 percent from $350,000 in September 2025 |
| Closed sales (Georgia REALTORS) | 9,786 (September 2026) | Down 9.8 percent from 10,855 |
| Days on market until sale (Georgia REALTORS) | 62 days (September 2026) | Up 8.8 percent from 57 days |
| Months supply of inventory (Georgia REALTORS) | 5.2 months (September 2026) | Up from 5.0 months a year ago |
| Housing affordability index (Georgia REALTORS) | 95 (September 2026) | Down 7.8 percent from 103 |
| Atlanta rent versus national average (Zillow) | 3.5 percent above the $2,000 national average | Oct 19, 2026 reading |
| 30-year fixed mortgage rate (Freddie Mac) | 7.40 percent (Oct 15, 2026) | Unchanged on the week, up from 6.27 percent a year ago |
Redfin put the Georgia median home price at $356,812 in September 2026, up 1.4 percent from September 2025, with a median of 65 days on market, four days slower than a year earlier. Closed sales fell 10.4 percent to 9,980 on Redfin's count, against 11,134 a year earlier.
Georgia REALTORS, working from a different data set, reported a statewide median of $355,000 for September 2026, up 1.4 percent from the median home price in Georgia in 2025 of $350,000 that September. Its average sale price rose 2.0 percent to $450,334 and sellers received 94.8 percent of original list price, exactly the same share as a year ago. Closed sales fell 9.8 percent to 9,786, pending sales fell 14.4 percent to 8,739, and new listings fell 4.3 percent to 18,041. Days on market until sale stretched to 62 from 57. Year to date the Georgia REALTORS median was $360,000 against $359,000 in 2025, a rise of 0.3 percent, with closed sales down 1.7 percent for the year as a whole.
So Georgia still has a volume problem rather than a price problem, and the two measures agree on that. Inventory is building, up 2.0 percent on Redfin's count to 70,793 homes for sale and up 4.0 percent to 55,422 units on the Georgia REALTORS count, with months supply at 5.2 against 5.0 a year ago. The Georgia REALTORS housing affordability index fell to 95 from 103, which is the rate move showing up in plain numbers. For owners, a market where homes take two months to sell, volume is down a tenth and affordability is worsening is a market where renting is the easier exit.
Redfin on-page stat cards, all three rolling three-month windows ending August 2026. Augusta is reported by Redfin as Augusta-Richmond County. Atlanta is not charted here because Redfin's Atlanta window ends September 2026, a different month; its September figure is in the text below. Arrow shows change year over year.
Rent: Zillow Atlanta, Oct 19, 2026. Owning: principal and interest on the $424,898 Redfin Atlanta median at 20 percent down, 30 years, at 7.40 percent (Freddie Mac, Oct 15, 2026) and at the 6.27 percent rate of a year earlier. Property taxes, insurance and HOA dues are not included.
A note on the source before the numbers. Zillow's statewide Georgia rental page has not been refreshed since August 15, 2026, so we are not quoting it as a current figure and we have relabeled the rent box above to Atlanta, which is our office metro and the state's largest rental market. Zillow's Georgia city pages were all refreshed on October 19, 2026, so everything in the table below is current.
The average rent in Georgia varies more by market than any other state we manage in. Zillow had Atlanta at $2,070 on October 19, 2026, up $20 over the year and down $30 over the month, with 3,998 rentals available and the market temperature rated cool. Alpharetta, where our Georgia office sits, is the most expensive market on our list at $2,580 and the only one down materially over the year, by $120. Augusta is the cheapest at $1,350 and is still rising. The spread between the two is $1,230 a month, which is why a statewide average is a headline and not a pricing tool.
Look at the second chart above. Principal and interest on the median priced Atlanta home now runs about $2,354 a month at 7.40 percent, against $2,070 to rent, so owning costs roughly $284 a month more than renting before you add property taxes, insurance, HOA dues or maintenance, and before the roughly $85,000 down payment on a 20 percent purchase. At last year's 6.27 percent rate the same loan would cost $2,097, within $27 of the rent. That $256 a month is what the rate move has done to the buy side, and it is the clearest reason the renter pool in metro Atlanta is not thinning.
| Market | Average rent | Year over year | What owners should note |
|---|---|---|---|
| Alpharetta | $2,580 | Down $120 | The state's premium rental market and where our north metro Atlanta office sits, but the only market here with a meaningful annual decline, and only 192 rentals available |
| Marietta | $2,250 | Up $50 | Cobb County schools and commute access keep it 12.5 percent above the national average, with 688 rentals available |
| Atlanta | $2,070 | Up $20 | The state's largest rental market, broadly flat over the year and down $30 over the month, which makes a renewal at the same number a market-rate renewal |
| Stockbridge | $1,900 | Up $50 | Henry County value play south of Atlanta, rising rent on a much lower entry price |
| Savannah | $1,875 | Down $153 | The largest annual rent fall on this list, and the coast is also the slowest market to sell in |
| Athens | $1,800 | Up $50 | Up $100 in a single month as the University of Georgia leasing season cleared, which is seasonality rather than trend |
| Augusta | $1,350 | Up $25 | Cheapest market on this list and still growing, with medical and military employment underpinning it |
All seven readings are Zillow Rentals data read on October 19, 2026, all bedrooms and all property types, so the rows are directly comparable with each other.
Metro Atlanta is Georgia's market. On Redfin's data the Atlanta median home price was $424,898 for the three months ending September 2026, up 10.8 percent year over year, which is by far the strongest price move of any Georgia market we track and well ahead of the 1.4 percent statewide figure. Atlanta homes sold in a median of 63 days, six days faster than a year earlier and two days faster than the state, while the number of homes sold fell 14.7 percent to 1,490. Sale-to-list sat at 97.4 percent and 18.0 percent of homes sold above list. Read that combination carefully: fewer sales, faster sales and a much higher median means the mix of what is actually closing in the city has shifted upmarket, not that every Atlanta home gained 10.8 percent.
The Atlanta rental market is the steady half of the picture. Zillow had Atlanta at $2,070 on October 19, 2026, up $20 over the year and down $30 over the month. Around the core, the north metro carries the premium, with Alpharetta at $2,580 and Marietta at $2,250, and Marietta's Redfin median sale price up 10.8 percent to $485,429 for the three months ending August 2026 on just 201 sales. South of the city, the housing market statistics for Stockbridge look steadier than most: Zillow had rent there at $1,900, up $50 year over year, which makes Henry County one of the better yield stories in Georgia given the lower purchase prices.
Savannah is the loosest of the charted markets, at 72 days on market for the three months ending August 2026, thirteen days slower than a year earlier. Its median sale price of $331,603 was down 3.1 percent, so against the median home price in Savannah in 2025 it has actually lost ground while taking nearly two extra weeks to sell, and 40.1 percent of Savannah listings took a price drop. Savannah rent also fell $153 to $1,875, the sharpest annual fall on our table. Owners on the coast should be pricing for time on market, not for last year's number.
Augusta is cheaper but no longer faster. Redfin reports it as Augusta-Richmond County, with a median of $215,000 for the three months ending August 2026, down 2.3 percent, and 53 days on market, a full 23 days slower than a year earlier. That is the largest deterioration in selling speed of any Georgia market here. Rent there rose $25 to $1,350. It remains the cheapest entry point in Georgia, but the days when Augusta homes cleared in a month are over.
Neither Redfin nor Georgia REALTORS publishes a separate north Georgia housing market median, so anyone quoting one is aggregating county data themselves. What the published data does show is that the northern half of the state carries both the rent premium and the price growth: Alpharetta and Marietta hold the top two rents in Georgia, and Marietta posted a 10.8 percent annual gain in median sale price. Further east, the Athens housing market statistics tell a seasonal story, with rent at $1,800, up $50 year over year but up $100 in the single month to October 19 as the University of Georgia leasing calendar concentrated turnover into late summer. If you own in north Georgia or Athens, your seasonality matters more than the statewide trend does.
Freddie Mac reported the 30-year fixed mortgage rate at 7.40 percent on October 15, 2026, unchanged from the previous week and well above the 6.27 percent of a year earlier. The rate was 7.28 percent on October 1 and 7.03 percent on September 24, so the move above 7 percent happened late in September and has held.
Georgia shows the effect on owner occupancy more clearly than most states, because the gap is small enough to flip. Principal and interest on the median priced Atlanta home is now about $2,354 a month, roughly $284 more than the $2,070 it costs to rent in the same city. A year ago, at 6.27 percent, that same purchase would have carried a $2,097 payment, within $27 of renting. The rate move alone has turned a decision that was close to neutral on monthly cost into one where owning costs more every month, on top of the down payment, taxes, insurance and any HOA dues. That is why Georgia REALTORS measured closed sales down 9.8 percent and pending sales down 14.4 percent in a month when prices still rose slightly, and why its affordability index fell to 95 from 103. Households are not renting because they prefer it. They are renting because buying got more expensive twice over, in the payment and in the entry cost. While the rate stays near 7.4 percent, occupancy holds up.
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Get Your Free Rental Analysis →Prices are up slightly and volume is down. Redfin reported a Georgia median sale price of $356,812 in September 2026, up 1.4 percent year over year, with homes taking a median of 65 days to sell, four days longer than a year earlier. Georgia REALTORS reported a statewide median of $355,000 for September, also up 1.4 percent, with closed sales down 9.8 percent to 9,786, pending sales down 14.4 percent and months supply of inventory at 5.2 against 5.0 a year ago. Inventory is still building, up 2.0 percent on Redfin's count to 70,793 homes for sale. So the housing market in Georgia is close to flat on price and clearly slower on transactions.
Georgia REALTORS reported a statewide median sale price of $355,000 for September 2026 against $350,000 in September 2025, a rise of 1.4 percent. Redfin, using a different data set, reported $356,812 for September 2026, also up 1.4 percent year over year. Year to date the Georgia REALTORS median was $360,000 against $359,000 in 2025, up 0.3 percent, on closed sales that were down 1.7 percent for the year so far.
Zillow's statewide Georgia rental page has not been refreshed since August 15, 2026, so we do not quote it as a current figure. Zillow's Georgia city pages were refreshed on October 19, 2026, and they put Atlanta at $2,070, up $20 year over year, Alpharetta at $2,580, down $120, Marietta at $2,250, up $50, Stockbridge at $1,900, up $50, Savannah at $1,875, down $153, Athens at $1,800, up $50, and Augusta at $1,350, up $25. Atlanta sits about 3.5 percent above the $2,000 national average, while Augusta sits 32.5 percent below it.
Redfin put the Atlanta median sale price at $424,898 for the three months ending September 2026, up 10.8 percent year over year, with homes selling in a median of 63 days, six days faster than a year earlier, and 1,490 homes sold, down 14.7 percent. Sale-to-list was 97.4 percent and 18.0 percent of homes sold above list price. On the rental side, Zillow had Atlanta at $2,070 as of October 19, 2026, up $20 year over year and down $30 over the month, with 3,998 rentals available and the market rated cool.
Athens rent was $1,800 as of October 19, 2026, up $50 year over year and up $100 in a single month as the University of Georgia leasing season cleared. Stockbridge rent was $1,900, up $50 year over year, which keeps Henry County one of the steadier value markets south of Atlanta. Redfin does not publish a sale price window for either city that matches the metros charted on this page. For comparison, Savannah had a Redfin median sale price of $331,603 for the three months ending August 2026, down 3.1 percent year over year, with 72 days on market and Zillow rent of $1,875, down $153.
Neither Georgia REALTORS nor Redfin publishes a price forecast for Georgia, so any number presented as one is somebody's estimate rather than published data. What the published data supports is narrower. Inventory on the Georgia REALTORS count reached 55,422 units in September 2026, up 4.0 percent year over year, and has been above the prior year every month for a year. Days on market until sale rose every month from June and reached 62 in September. The Georgia REALTORS housing affordability index fell to 95 from 103 a year earlier. With the 30-year fixed at 7.40 percent on October 15, 2026, against 6.27 percent a year earlier, the published direction of travel is more supply, slower sales and a deeper renter pool, rather than falling prices. Note also that Georgia REALTORS revises its monthly figures heavily, so early readings should be treated as provisional.
Sources: Redfin, Georgia housing market, September 2026; Redfin city pages for Atlanta (three months ending September 2026), Marietta, Savannah and Augusta-Richmond County (three months ending August 2026), all read October 20, 2026 from the on-page stat cards rather than the page titles, which disagree; Georgia REALTORS, September Monthly Housing Indicators, published October 20, 2026 and the underlying Monthly Indicators report, current as of October 16, 2026, which is also the source for the July and August revisions noted above; Zillow Rental Manager city pages for Alpharetta, Marietta, Atlanta, Stockbridge, Savannah, Athens and Augusta, all last updated October 19, 2026. The Zillow statewide Georgia page was last updated August 15, 2026 and is therefore not quoted as current; Freddie Mac Primary Mortgage Market Survey, October 15, 2026. Redfin and Georgia REALTORS medians come from different data sets and are reported separately throughout, never combined. Georgia REALTORS revises its monthly figures, sometimes substantially; figures here are the most recent published readings at the time of writing and are provided for general information, not investment advice.
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