Stone Mountain, GA—30087
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 $344,000, with a year-over-year change of -4.1%. 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 | $344,000 | -4.1% |
| Single Family | $346,000 | -4.2% |
| Condos | $290,000 | -5.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $202,000 | -6.0% |
3 Bed | $300,000 | -4.2% |
4 Bed | $370,000 | -4.4% |
| 5 Bed | $459,000 | -3.8% |
% of Housing Stock
Rental Trends — Stone Mountain, GA
As of July '25, Rentcast reports the average rent in Stone Mountain, GA is $2,090, with a year-over-year rent change of 0.0%. Per bedroom, the median rent as of July '25 in Stone Mountain, GA is studios: $1,260, 1-bedrooms: $1,120, 2-bedrooms: $1,720, 3-bedrooms: $2,010, 4-bedrooms: $2,500. The most common rental property sizes in Stone Mountain, GA are 3-bedroom and 2-bedroom, accounting for 37.2% and 26.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $2,090 |
| Studio Rent | $1,260 | $1,260 |
| 1 Bed Rent | $1,030 | $1,120 |
| 2 Bed Rent | $1,600 | $1,720 |
| 3 Bed Rent | $1,960 | $2,010 |
| 4 Bed Rent | $2,330 | $2,500 |
% 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 52. This is a increase of 7.0% 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 | $348,000 | -9.0% |
Listing Count | 182 | 10.0% |
| Listings as % of Homes | 0.8% | 10.0% |
Days on Market | 52 | 7.0% |
Demographics — Stone Mountain, GA
As of the latest ACS Survey released in 2023, Stone Mountain, GA has a population of 37,600, which has decreased by -6.1% over the past 5 years. Stone Mountain, GA is a moderately popular place for families, as children make up 19.8% of the population. The area has a highly educated workforce, with 45.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 37,600 | -6.1% |
% Under 18 | 19.8% | -13.9% |
% Seniors | 19.8% | 21.5% |
% WFH | 17.6% | 147.9% |
% w/ College Degree | 45.2% | 3.7% |
As of the latest ACS Survey released in 2023, Stone Mountain, GA is a predominantly black area, with 62.2% of the population identifying as black. The black population has shrunk by 2.2% in the last 5 years. The second most common race or ethnicity in Stone Mountain, GA is white, making up 22.3% of the population. Foreign-born residents account for 14.0% of the population in Stone Mountain, GA, and this percentage has decreased by 9.1% 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 | 22.3% | -16.2% |
% Black | 62.2% | -2.2% |
% Hispanic | 4.6% | -9.8% |
% Asian | 5.8% | 70.6% |
% Foreign Born | 14.0% | -9.1% |
Mortgage and Risk — Stone Mountain, GA
According to HUD data as of 2023, there were 320 mortgage originations in Stone Mountain, GA, of which 68.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Stone Mountain, GA. Investor activity is low, as 1.0% of loans were by investors. 27.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 320 |
% Conventional Loans | 68.0% |
% Government Loans | 32.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 27.0% |
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 9.5%. 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 | 185 |
Total Units Section 8 | 184 |
% Rentals under Section 8 | 9.5% |
% Occupied Section 8 | 77.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $800 | $1,030 | $1,830 |
| 2 Bedroom | $430 | $1,600 | $2,030 |
| 3 Bedroom | $490 | $1,960 | $2,450 |
| 4 Bedroom | $610 | $2,330 | $2,940 |
Affordability — Stone Mountain, GA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.9 |
| Median Home Price | $344,000 |
| Median Household Income | $89,500 |