Stone Mountain, GA—30088
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Stone Mountain, GA
As of Nov '25, the median home price in Stone Mountain, GA is $231,000, with a year-over-year change of -8.5%. This indicates that home prices in Stone Mountain, GA are decreasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $231,000 | -8.5% |
| Single Family | $232,000 | -8.7% |
| Condos | $164,000 | -8.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $164,000 | -6.3% |
3 Bed | $219,000 | -9.5% |
4 Bed | $259,000 | -7.8% |
| 5 Bed | $294,098 | -7.4% |
% of Housing Stock
Rental Trends — Stone Mountain, GA
As of July '25, Rentcast reports the average rent in Stone Mountain, GA is $1,580, with a year-over-year rent change of -3.7%. Per bedroom, the median rent as of July '25 in Stone Mountain, GA is 1-bedrooms: $919, 2-bedrooms: $1,350, 3-bedrooms: $1,850, 4-bedrooms: $2,030. The most common rental property sizes in Stone Mountain, GA are 2-bedroom and 3-bedroom, accounting for 33.7% and 30.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,650 | $1,580 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $974 | $919 |
| 2 Bed Rent | $1,320 | $1,350 |
| 3 Bed Rent | $1,800 | $1,850 |
| 4 Bed Rent | $2,000 | $2,030 |
% of Rental Stock
Property Listings — Stone Mountain, GA
As of Nov '25, Realtor.com reports that the median days on market for a home in Stone Mountain, GA is 76. 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $245,000 | -9.0% |
Listing Count | 227 | 56.0% |
| Listings as % of Homes | 0.8% | 56.0% |
Days on Market | 76 | 30.0% |
Demographics — Stone Mountain, GA
As of the latest ACS Survey released in 2023, Stone Mountain, GA has a population of 29,300, which has decreased by -2.4% over the past 5 years. Stone Mountain, GA is a moderately popular place for families, as children make up 20.7% of the population. The area has a moderately educated workforce, with 29.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 29,300 | -2.4% |
% Under 18 | 20.7% | -13.8% |
% Seniors | 14.7% | 27.8% |
% WFH | 15.4% | 161.0% |
% w/ College Degree | 29.0% | 3.9% |
As of the latest ACS Survey released in 2023, Stone Mountain, GA is a predominantly black area, with 84.5% of the population identifying as black. The black population has shrunk by 8.0% in the last 5 years. The second most common race or ethnicity in Stone Mountain, GA is white, making up 5.4% of the population. Foreign-born residents account for 10.7% of the population in Stone Mountain, GA, and this percentage has decreased by 10.1% 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 | 5.4% | 58.8% |
% Black | 84.5% | -8.0% |
% Hispanic | 4.8% | 65.5% |
% Asian | 0.9% | -43.8% |
% Foreign Born | 10.7% | -10.1% |
Mortgage and Risk — Stone Mountain, GA
According to HUD data as of 2023, there were 333 mortgage originations in Stone Mountain, GA, of which 53.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, 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. 25.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 333 |
% Conventional Loans | 53.0% |
% Government Loans | 47.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 25.0% |
Rentals and Section 8 — Stone Mountain, GA
As of 2024, the percent of homes in Stone Mountain, GA under the Section 8 program is 7.5%. 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 | 274 |
Total Units Section 8 | 268 |
% Rentals under Section 8 | 7.5% |
% Occupied Section 8 | 82.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $566 | $974 | $1,540 |
| 2 Bedroom | $390 | $1,320 | $1,710 |
| 3 Bedroom | $260 | $1,800 | $2,060 |
| 4 Bedroom | $480 | $2,000 | $2,480 |
Affordability — Stone Mountain, GA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.9 |
| Median Home Price | $231,000 |
| Median Household Income | $64,700 |