Stone Mountain, Georgia Real Estate & Housing Market

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Stone Mountain Housing Information

Index	Stone Mountain	Georgia	National
Median home price	$84,000	$152,400	$184,700
Median rent asked	$920	$897	$949
Avg. people per household	2.4	2.7	2.6
Owner occupied households	53.1%	62.8%	63.6%
Renter occupied households	46.9%	37.2%	36.4%

Above, you will see a summary of real estate in Stone Mountain, GA. On average, homes in Stone Mountain, GA cost $84,000, a value that is 45% lower than the average in Georgia. In general terms, this results in Stone Mountain, GA real estate being more affordable than Georgia real estate. On average, people who rent houses in Stone Mountain, GA pay $920; this value is 3% higher than the average amount renters pay in Georgia. 53.1% of Stone Mountain, GA residents own their own homes and, on average, each of the homes has 2.4 occupants. Stone Mountain, GA real estate features a range of homes, which include everthing from large houses to small condos to stacked townhomes. Accessing real estate listings and homes that are up for sale in Stone Mountain, GA is easy because in our search area shown above, we categorize real estate and homes based on location, price, and the number of bedrooms and bathrooms.

Stone Mountain Home Affordability

It’s advisable to look at home affordability when trying to find the ideal place to find real estate in Stone Mountain, GA. To estimate home affordability, one method is to use the ratio of home price to median household income. The Stone Mountain, GA’s median home price stands at $84,000 while $35,964 is the value of the average household income. The resulting home price to income ratio, which is 2.3x, differs from the Georgia average as the ratio is 22% lower than the state’s average. The average home price divided by the median home income results in the home affordability ratio. Considering the comparison between the home price and home income, homes in Stone Mountain, GA are considered less expensive if the ratio of home price to income is lower. Besides the home price to median household income ratio, other considerable factors do apply in determining home affordability. Using the home affordability calculator displayed below can help determine the exact price that suits any budget when searching for real estate in Stone Mountain, GA.

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
Lakeview Estates, GA	2,751	$12,300	93%
Forest Park, GA	19,156	$55,200	70%
Conley, GA	5,397	$59,500	68%
Lake City, GA	2,712	$67,400	64%
Lithonia, GA	2,093	$81,400	56%
Stone Mountain, GA	6,102	$84,000	55%

Cities with similar population

City, State	Population	Home Price	National Avg.
Braidwood, IL	6,102	$154,500	16%
Somerset, PA	6,102	$121,900	34%
Brunswick, MD	6,101	$199,500	8%
Cheshire Village, CT	6,103	$305,400	65%
Manistee, MI	6,100	$95,900	48%
Stone Mountain, GA	6,102	$84,000	55%

Source: The Stone Mountain, GA housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).