Stone Mountain, GA—30083
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Stone Mountain, GA
As of Oct '25, the median home price in Stone Mountain, GA is $249,000, with a year-over-year change of -7.2%. This indicates that home prices in Stone Mountain, GA are decreasing. According to Zillow, the 1-year price projection is 0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $249,000 | -7.3% |
| Single Family | $254,000 | -7.3% |
| Condos | $137,000 | -8.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $158,000 | -6.5% |
3 Bed | $243,000 | -8.0% |
4 Bed | $287,000 | -6.8% |
| 5 Bed | $315,000 | -6.8% |
% of Housing Stock
Rental Trends — Stone Mountain, GA
As of July '25, Rentcast reports the average rent in Stone Mountain, GA is $1,510, with a year-over-year rent change of -13.7%. Per bedroom, the median rent as of July '25 in Stone Mountain, GA is studios: $879, 1-bedrooms: $1,040, 2-bedrooms: $1,360, 3-bedrooms: $1,830, 4-bedrooms: $2,260. The most common rental property sizes in Stone Mountain, GA are 2-bedroom and 3-bedroom, accounting for 40.9% and 25.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,410 | $1,510 |
| Studio Rent | $689 | $879 |
| 1 Bed Rent | $980 | $1,040 |
| 2 Bed Rent | $1,300 | $1,360 |
| 3 Bed Rent | $1,800 | $1,830 |
| 4 Bed Rent | $2,100 | $2,260 |
% of Rental Stock
Property Listings — Stone Mountain, GA
As of Oct '25, Realtor.com reports that the median days on market for a home in Stone Mountain, GA is 82. This is a increase of 50.0% 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 32.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $238,000 | -11.0% |
Listing Count | 282 | 43.0% |
| Listings as % of Homes | 0.7% | 43.0% |
Days on Market | 82 | 50.0% |
Demographics — Stone Mountain, GA
As of the latest ACS Survey released in 2023, Stone Mountain, GA has a population of 62,900, which has increased by 7.9% over the past 5 years. Stone Mountain, GA is a popular place for families, as children make up 25.1% of the population. The area has a poorly educated workforce, with 24.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 62,900 | 7.9% |
% Under 18 | 25.1% | -3.1% |
% Seniors | 10.1% | 12.2% |
% WFH | 10.6% | 116.3% |
% w/ College Degree | 24.9% | 2.5% |
As of the latest ACS Survey released in 2023, Stone Mountain, GA is a predominantly black area, with 75.6% of the population identifying as black. The black population has shrunk by 3.0% in the last 5 years. The second most common race or ethnicity in Stone Mountain, GA is white, making up 8.3% of the population. Foreign-born residents account for 24.2% of the population in Stone Mountain, GA, and this percentage has increased by 6.6% 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 | 8.3% | -25.9% |
% Black | 75.6% | -3.0% |
% Hispanic | 4.7% | 20.5% |
% Asian | 8.1% | 58.8% |
% Foreign Born | 24.2% | 6.6% |
Mortgage and Risk — Stone Mountain, GA
According to HUD data as of 2023, there were 774 mortgage originations in Stone Mountain, GA, of which 67.0% of loans were conventional mortgages. The average loan-to-value was 85.0%, with 42.0% above 90% LTV (very high). This implies large mortgage risk in Stone Mountain, GA. Investor activity is low, as 4.0% of loans were by investors. 19.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 774 |
% Conventional Loans | 67.0% |
% Government Loans | 33.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 19.0% |
Loan Activity
Rentals and Section 8 — Stone Mountain, GA
As of 2024, the percent of homes in Stone Mountain, GA under the Section 8 program is 8.6%. 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 Stone Mountain, 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 | 876 |
Total Units Section 8 | 823 |
% Rentals under Section 8 | 8.6% |
% Occupied Section 8 | 85.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $560 | $980 | $1,540 |
| 2 Bedroom | $400 | $1,300 | $1,700 |
| 3 Bedroom | $250 | $1,800 | $2,050 |
| 4 Bedroom | $360 | $2,100 | $2,460 |
Affordability — Stone Mountain, GA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.9 |
| Median Home Price | $249,000 |
| Median Household Income | $54,200 |