Norcross, GA—30071
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Norcross, GA
Home Price Trends — Norcross, GA
As of Oct '25, the median home price in Norcross, GA is $358,000, with a year-over-year change of -2.5%. This indicates that home prices in Norcross, GA are decreasing. 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 | $358,000 | -2.5% |
| Single Family | $362,000 | -2.4% |
| Condos | $260,000 | -2.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $259,000 | -1.9% |
3 Bed | $335,000 | -2.6% |
4 Bed | $458,000 | -1.3% |
| 5 Bed | $632,000 | 0.5% |
% of Housing Stock
Rental Trends — Norcross, GA
As of July '25, Rentcast reports the average rent in Norcross, GA is $1,880, with a year-over-year rent change of -21.0%. Per bedroom, the median rent as of July '25 in Norcross, GA is studios: $1,630, 1-bedrooms: $1,320, 2-bedrooms: $1,680, 3-bedrooms: $2,020, 4-bedrooms: $2,580. The most common rental property sizes in Norcross, GA are 3-bedroom and 2-bedroom, accounting for 39.8% and 34.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,800 | $1,880 |
| Studio Rent | $1,190 | $1,630 |
| 1 Bed Rent | $1,380 | $1,320 |
| 2 Bed Rent | $1,600 | $1,680 |
| 3 Bed Rent | $2,100 | $2,020 |
| 4 Bed Rent | $2,380 | $2,580 |
% of Rental Stock
Property Listings — Norcross, GA
As of Oct '25, Realtor.com reports that the median days on market for a home in Norcross, GA is 56. This is a increase of 39.0% 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 38.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $412,000 | -6.0% |
Listing Count | 73 | 30.0% |
| Listings as % of Homes | 0.5% | 30.0% |
Days on Market | 56 | 39.0% |
Demographics — Norcross, GA
As of the latest ACS Survey released in 2023, Norcross, GA has a population of 26,100, which has increased by 3.7% over the past 5 years. Norcross, GA is a popular place for families, as children make up 30.9% of the population. The area has a moderately educated workforce, with 33.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 26,100 | 3.7% |
% Under 18 | 30.9% | 2.0% |
% Seniors | 8.8% | 63.0% |
% WFH | 14.0% | 400.0% |
% w/ College Degree | 33.8% | 50.9% |
As of the latest ACS Survey released in 2023, Norcross, GA is a predominantly hispanic area, with 45.3% of the population identifying as hispanic. The hispanic population has shrunk by 5.0% in the last 5 years. The second most common race or ethnicity in Norcross, GA is black, making up 22.2% of the population. Foreign-born residents account for 32.4% of the population in Norcross, GA, and this percentage has decreased by 13.8% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 17.4% | -17.1% |
% Black | 22.2% | 12.1% |
% Hispanic | 45.3% | -5.0% |
% Asian | 13.2% | 24.5% |
% Foreign Born | 32.4% | -13.8% |
Mortgage and Risk — Norcross, GA
According to HUD data as of 2023, there were 91 mortgage originations in Norcross, GA, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 11.0% above 90% LTV (elevated). This implies medium mortgage risk in Norcross, GA. Investor activity is low, as 0.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 91 |
% Conventional Loans | 93.0% |
% Government Loans | 7.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Norcross, GA
As of 2024, the percent of homes in Norcross, GA under the Section 8 program is 4.3%. 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 Norcross, 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 | 203 |
Total Units Section 8 | 186 |
% Rentals under Section 8 | 4.3% |
% Occupied Section 8 | 78.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $280 | $1,380 | $1,660 |
| 2 Bedroom | $240 | $1,600 | $1,840 |
| 3 Bedroom | $120 | $2,100 | $2,220 |
| 4 Bedroom | $290 | $2,380 | $2,670 |
Affordability — Norcross, GA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.6 |
| Median Home Price | $358,000 |
| Median Household Income | $61,400 |