Suwanee, GA—30024
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Suwanee, GA
As of Oct '25, the median home price in Suwanee, GA is $613,000, with a year-over-year change of -1.0%. This indicates that home prices in Suwanee, GA are flat. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $613,000 | -1.0% |
| Single Family | $615,000 | -1.3% |
| Condos | $534,000 | -1.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $369,000 | -3.1% |
3 Bed | $480,000 | -1.8% |
4 Bed | $582,000 | -1.4% |
| 5 Bed | $818,000 | -1.6% |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Suwanee, GA
As of Oct '25, Realtor.com reports that the median days on market for a home in Suwanee, GA is 53. This is a increase of 19.0% 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 30.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $655,000 | -4.0% |
Listing Count | 384 | 39.0% |
| Listings as % of Homes | 0.7% | 39.0% |
Days on Market | 53 | 19.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Suwanee, GA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4 |
| Median Home Price | $613,000 |
| Median Household Income | $140,000 |