Suwanee, GA 30024 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Suwanee, GA—30024

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$607,000

1.2% YoY Growth

Household Income

$140,000

28.5% YoY Growth

Days on Market

9.0% Longer YoY

Home Price Forecast

1.4%

Median Rent

$2,000

3.0% YoY Growth

1-Bed Rent

$1,620

1.8% YoY Growth

2-Bed Rent

$1,850

5.0% YoY Growth

3-Bed Rent

$2,500

1.6% YoY Growth

Home Price Trends — Suwanee, GA

As of Dec '25, the median home price in Suwanee, GA is $607,000, with a year-over-year change of -1.2%. This indicates that home prices in Suwanee, GA are decreasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$607,000	-1.2%
Single Family	$609,000	-1.5%
Condos	$524,000	-1.3%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Suwanee, GA

As of July '25, Rentcast reports the average rent in Suwanee, GA is $2,270, with a year-over-year rent change of -3.0%. Per bedroom, the median rent as of July '25 in Suwanee, GA is studios: $1,450, 1-bedrooms: $1,600, 2-bedrooms: $1,920, 3-bedrooms: $2,460, 4-bedrooms: $2,870. The most common rental property sizes in Suwanee, GA are 2-bedroom and 1-bedroom, accounting for 35.4% and 25.3% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,000	$2,270
Studio Rent	$1,460	$1,450
1 Bed Rent	$1,620	$1,600
2 Bed Rent	$1,850	$1,920
3 Bed Rent	$2,500	$2,460
4 Bed Rent	$2,800	$2,870

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% of Rental Stock

Studio

5.4%

1 Bedroom

25.3%

2 Bedrooms

35.4%

3 Bedrooms

15.6%

4 Bedrooms

12.6%

5+ Bedrooms

5.7%

Property Listings — Suwanee, GA

As of Dec '25, Realtor.com reports that the median days on market for a home in Suwanee, GA is 61. This is a increase of 11.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 26.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$657,000	-1.0%
Listing Count	303	21.0%
Listings as % of Homes	0.7%	21.0%
Days on Market	76	9.0%

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Demographics — Suwanee, GA

As of the latest ACS Survey released in 2023, Suwanee, GA has a population of 85,100, which has increased by 10.0% over the past 5 years. Suwanee, GA is a popular place for families, as children make up 26.9% of the population. The area has a highly educated workforce, with 62.7% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 27.1% reporting working from home.

Metric	Latest Census	YoY % Change
Population	85,100	10.0%
% Under 18	26.9%	-8.2%
% Seniors	9.9%	23.8%
% WFH	27.1%	197.8%
% w/ College Degree	62.7%	3.5%

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As of the latest ACS Survey released in 2023, Suwanee, GA is a predominantly white area, with 45.3% of the population identifying as white. The white population has shrunk by 17.8% in the last 5 years. The second most common race or ethnicity in Suwanee, GA is asian, making up 33.9% of the population. Foreign-born residents account for 31.3% of the population in Suwanee, GA, and this percentage has increased by 23.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	45.3%	-17.8%
% Black	11.0%	13.4%
% Hispanic	6.0%	-24.1%
% Asian	33.9%	36.1%
% Foreign Born	31.3%	23.7%

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Mortgage and Risk — Suwanee, GA

According to HUD data as of 2023, there were 733 mortgage originations in Suwanee, GA, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 48.0%, with 8.0% above 90% LTV (normal). This implies small mortgage risk in Suwanee, GA. Investor activity is low, as 1.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	733
% Conventional Loans	95.0%
% Government Loans	5.0%
% Investor Loans	1.0%
% Second Loans	1.0%
% Cash Out Refinance	15.0%

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Rentals and Section 8 — Suwanee, GA

As of 2024, the percent of homes in Suwanee, GA under the Section 8 program is 1.4%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Suwanee, GA, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.

Section 8 Market Size

Total Units under HUD	101
Total Units Section 8	101
% Rentals under Section 8	1.4%
% Occupied Section 8	62.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$570	$1,620	$2,190
2 Bedroom	$570	$1,850	$2,420
3 Bedroom	$420	$2,500	$2,920
4 Bedroom	$710	$2,800	$3,510

Suwanee, GA—30024

Key Metrics at a Glance

Home Price Trends — Suwanee, GA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Suwanee, GA

% of Rental Stock

Property Listings — Suwanee, GA

Demographics — Suwanee, GA

Race and Ethnicity

Mortgage and Risk — Suwanee, GA

Mortgages

Rentals and Section 8 — Suwanee, GA

Section 8 Market Size

Section 8 Opportunity

Affordability — Suwanee, GA

Home Price to Income Ratio

Suwanee, GA — ZIP Code Boundary Map

Nearby ZIP Codes

Duluth, GA

Buford, GA

Lawrenceville, GA

Duluth, GA

Alpharetta, GA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.9
Median Home Price	$607,000
Median Household Income	$140,000

Suwanee, GA—30024

Key Metrics at a Glance

Home Price Trends — Suwanee, GA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Suwanee, GA

% of Rental Stock

Property Listings — Suwanee, GA

Demographics — Suwanee, GA

Race and Ethnicity

Mortgage and Risk — Suwanee, GA

Mortgages

Rentals and Section 8 — Suwanee, GA

Section 8 Market Size

Section 8 Opportunity

Affordability — Suwanee, GA

Home Price to Income Ratio

Suwanee, GA — ZIP Code Boundary Map

Nearby ZIP Codes

Duluth, GA

Buford, GA

Lawrenceville, GA

Duluth, GA

Alpharetta, GA

Frequently Asked Questions

What is the average home price in Suwanee, GA 30024?

How have home prices in Suwanee, GA 30024 changed over the past year?

What is the home price projection for Suwanee, GA 30024?

What are the demographics of Suwanee, GA 30024?

How long does it take homes to sell in Suwanee, GA 30024?

What is the average rent price in Suwanee, GA 30024?