Paces, Atlanta, GA—30327
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Paces, Atlanta, GA
As of Oct '25, the median home price in Paces, Atlanta, GA is $1,449,000, with a year-over-year change of 2.1%. This indicates that home prices in Paces, Atlanta, GA are increasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,449,000 | 2.1% |
| Single Family | $1,666,000 | 2.2% |
| Condos | $269,000 | -5.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $196,000 | -9.3% |
2 Bed | $285,000 | -5.6% |
3 Bed | $887,000 | 2.5% |
4 Bed | $1,399,000 | 3.1% |
| 5 Bed | $2,305,000 | 2.4% |
% of Housing Stock
Rental Trends — Paces, Atlanta, GA
As of July '25, Rentcast reports the average rent in Paces, Atlanta, GA is $2,510, with a year-over-year rent change of -4.9%. Per bedroom, the median rent as of July '25 in Paces, Atlanta, GA is studios: $1,400, 1-bedrooms: $1,650, 2-bedrooms: $1,910, 3-bedrooms: $2,940, 4-bedrooms: $7,680. The most common rental property sizes in Paces, Atlanta, GA are 2-bedroom and 1-bedroom, accounting for 41.8% and 40.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,870 | $2,510 |
| Studio Rent | $1,400 | $1,400 |
| 1 Bed Rent | $1,630 | $1,650 |
| 2 Bed Rent | $1,790 | $1,910 |
| 3 Bed Rent | $2,030 | $2,940 |
| 4 Bed Rent | $7,500 | $7,680 |
% of Rental Stock
Property Listings — Paces, Atlanta, GA
As of Oct '25, Realtor.com reports that the median days on market for a home in Paces, Atlanta, GA is 51. This is a decrease of -2.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 19.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,590,000 | -10.0% |
Listing Count | 171 | -16.0% |
| Listings as % of Homes | 1.3% | -16.0% |
Days on Market | 51 | -2.0% |
Demographics — Paces, Atlanta, GA
As of the latest ACS Survey released in 2023, Paces, Atlanta, GA has a population of 23,300, which has increased by 2.9% over the past 5 years. Paces, Atlanta, GA is a moderately popular place for families, as children make up 22.0% of the population. The area has a highly educated workforce, with 86.7% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 27.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 23,300 | 2.9% |
% Under 18 | 22.0% | -10.2% |
% Seniors | 20.1% | 0.5% |
% WFH | 27.9% | 181.8% |
% w/ College Degree | 86.7% | 3.7% |
As of the latest ACS Survey released in 2023, Paces, Atlanta, GA is a predominantly white area, with 81.2% of the population identifying as white. The white population has shrunk by 3.9% in the last 5 years. The second most common race or ethnicity in Paces, Atlanta, GA is hispanic, making up 5.9% of the population. Foreign-born residents account for 9.7% of the population in Paces, Atlanta, GA, and this percentage has increased by 19.8% 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 | 81.2% | -3.9% |
% Black | 4.8% | -23.8% |
% Hispanic | 5.9% | 145.8% |
% Asian | 5.1% | -21.5% |
% Foreign Born | 9.7% | 19.8% |
Mortgage and Risk — Paces, Atlanta, GA
According to HUD data as of 2023, there were 408 mortgage originations in Paces, Atlanta, GA, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 10.0% above 90% LTV (elevated). This implies medium mortgage risk in Paces, Atlanta, GA. Investor activity is low, as 1.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 408 |
% Conventional Loans | 95.0% |
% Government Loans | 5.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Paces, Atlanta, GA
As of 2024, the percent of homes in Paces, Atlanta, GA under the Section 8 program is 15.8%. 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. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Paces, Atlanta, GA, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 355 |
Total Units Section 8 | 355 |
% Rentals under Section 8 | 15.8% |
% Occupied Section 8 | 62.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $600 | $1,630 | $2,230 |
| 2 Bedroom | $680 | $1,790 | $2,470 |
| 3 Bedroom | $950 | $2,030 | $2,980 |
| 4 Bedroom | -$3,920 | $7,500 | $3,580 |
Affordability — Paces, Atlanta, GA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.2 |
| Median Home Price | $1,449,000 |
| Median Household Income | $182,000 |