Lakewood Heights, Atlanta, GA—30315
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lakewood Heights, Atlanta, GA
As of Oct '25, the median home price in Lakewood Heights, Atlanta, GA is $246,000, with a year-over-year change of -10.7%. This indicates that home prices in Lakewood Heights, Atlanta, GA are decreasing. According to Zillow, the 1-year price projection is 0.6%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $246,000 | -10.7% |
| Single Family | $247,000 | -11.2% |
| Condos | $224,000 | -11.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $202,000 | -10.6% |
2 Bed | $206,000 | -12.3% |
3 Bed | $241,000 | -11.1% |
4 Bed | $345,000 | -8.2% |
| 5 Bed | $402,000 | -8.2% |
% of Housing Stock
Rental Trends — Lakewood Heights, Atlanta, GA
As of July '25, Rentcast reports the average rent in Lakewood Heights, Atlanta, GA is $2,000, with a year-over-year rent change of -4.3%. Per bedroom, the median rent as of July '25 in Lakewood Heights, Atlanta, GA is studios: $1,590, 1-bedrooms: $1,660, 2-bedrooms: $2,200, 3-bedrooms: $2,450, 4-bedrooms: $2,490. The most common rental property sizes in Lakewood Heights, Atlanta, GA are 3-bedroom and 2-bedroom, accounting for 30.6% and 30.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,800 | $2,000 |
| Studio Rent | $1,640 | $1,590 |
| 1 Bed Rent | $1,770 | $1,660 |
| 2 Bed Rent | $2,300 | $2,200 |
| 3 Bed Rent | $2,350 | $2,450 |
| 4 Bed Rent | $2,300 | $2,490 |
% of Rental Stock
Property Listings — Lakewood Heights, Atlanta, GA
As of Oct '25, Realtor.com reports that the median days on market for a home in Lakewood Heights, Atlanta, GA is 65. This is a increase of 18.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $290,000 | -21.0% |
Listing Count | 308 | 4.0% |
| Listings as % of Homes | 1.4% | 4.0% |
Days on Market | 65 | 18.0% |
Demographics — Lakewood Heights, Atlanta, GA
As of the latest ACS Survey released in 2023, Lakewood Heights, Atlanta, GA has a population of 35,200, which has remained stable by -0.8% over the past 5 years. Lakewood Heights, Atlanta, GA is a popular place for families, as children make up 25.8% of the population. The area has a moderately educated workforce, with 27.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 35,200 | -0.8% |
% Under 18 | 25.8% | -1.5% |
% Seniors | 12.2% | 14.0% |
% WFH | 20.6% | 249.2% |
% w/ College Degree | 27.8% | 42.6% |
As of the latest ACS Survey released in 2023, Lakewood Heights, Atlanta, GA is a predominantly black area, with 73.5% of the population identifying as black. The black population has shrunk by 9.5% in the last 5 years. The second most common race or ethnicity in Lakewood Heights, Atlanta, GA is white, making up 13.7% of the population. Foreign-born residents account for 4.7% of the population in Lakewood Heights, Atlanta, GA, and this percentage has increased by 20.5% 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 | 13.7% | 20.2% |
% Black | 73.5% | -9.5% |
% Hispanic | 9.5% | 46.2% |
% Asian | 0.8% | 100.0% |
% Foreign Born | 4.7% | 20.5% |
Mortgage and Risk — Lakewood Heights, Atlanta, GA
According to HUD data as of 2023, there were 612 mortgage originations in Lakewood Heights, Atlanta, GA, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 77.0%, with 47.0% above 90% LTV (very high). This implies large mortgage risk in Lakewood Heights, Atlanta, GA. Investor activity is low, as 6.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 612 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 6.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Lakewood Heights, Atlanta, GA
As of 2024, the percent of homes in Lakewood Heights, Atlanta, GA under the Section 8 program is 49.1%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Lakewood Heights, Atlanta, GA, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 3,680 |
Total Units Section 8 | 3,425 |
% Rentals under Section 8 | 49.1% |
% Occupied Section 8 | 84.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$550 | $1,770 | $1,220 |
| 2 Bedroom | -$950 | $2,300 | $1,350 |
| 3 Bedroom | -$720 | $2,350 | $1,630 |
| 4 Bedroom | -$340 | $2,300 | $1,960 |
Affordability — Lakewood Heights, Atlanta, GA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.8 |
| Median Home Price | $246,000 |
| Median Household Income | $42,400 |