Stone Mountain, GA 30083 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

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Stone Mountain, GA—30083

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$249,000

6.3% YoY Growth

Household Income

$54,200

33.8% YoY Growth

Days on Market

64

30.0% Longer YoY

Home Price Forecast

-0.7%

Median Rent

$1,410

13.7% YoY Growth

1-Bed Rent

$980

4.6% YoY Growth

2-Bed Rent

$1,300

2.9% YoY Growth

3-Bed Rent

$1,800

0.5% YoY Growth

Other Zip Codes in Stone Mountain, GA

Home Price Trends — Stone Mountain, GA

As of May '26, the median home price in Stone Mountain, GA is $249,000, with a year-over-year change of -6.3%. This indicates that home prices in Stone Mountain, GA are decreasing. According to Zillow, the 1-year price projection is -0.7%, 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	-6.3%
Single Family	$254,000	-5.9%
Condos	$129,000	-11.6%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

Studio

3.4%

1 Bedroom

21.9%

2 Bedrooms

40.9%

3 Bedrooms

25.7%

4 Bedrooms

6.5%

5+ Bedrooms

1.8%

Property Listings — Stone Mountain, GA

As of May '26, Realtor.com reports that the median days on market for a home in Stone Mountain, GA is 64. This is a increase of 30.0% 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 22.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$265,000	-7.0%
Listing Count	221	-9.0%
Listings as % of Homes	0.7%	-9.0%
Days on Market	64	30.0%

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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%

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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%

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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%

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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