Northlake, Atlanta, GA—30345
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Northlake, Atlanta, GA
As of Oct '25, the median home price in Northlake, Atlanta, GA is $620,000, with a year-over-year change of 1.4%. This indicates that home prices in Northlake, Atlanta, GA are increasing. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $620,000 | 1.4% |
| Single Family | $637,000 | 1.8% |
| Condos | $230,000 | -4.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $111,000 | -7.5% |
2 Bed | $262,000 | -4.7% |
3 Bed | $522,000 | 1.2% |
4 Bed | $674,000 | 1.8% |
| 5 Bed | $942,000 | 2.3% |
% of Housing Stock
Rental Trends — Northlake, Atlanta, GA
As of July '25, Rentcast reports the average rent in Northlake, Atlanta, GA is $1,900, with a year-over-year rent change of -5.5%. Per bedroom, the median rent as of July '25 in Northlake, Atlanta, GA is studios: $1,780, 1-bedrooms: $1,420, 2-bedrooms: $1,750, 3-bedrooms: $2,740, 4-bedrooms: $3,500. The most common rental property sizes in Northlake, Atlanta, GA are 2-bedroom and 1-bedroom, accounting for 40.4% and 36.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,690 | $1,900 |
| Studio Rent | $1,220 | $1,780 |
| 1 Bed Rent | $1,400 | $1,420 |
| 2 Bed Rent | $1,720 | $1,750 |
| 3 Bed Rent | $2,600 | $2,740 |
| 4 Bed Rent | $3,500 | $3,500 |
% of Rental Stock
Property Listings — Northlake, Atlanta, GA
As of Oct '25, Realtor.com reports that the median days on market for a home in Northlake, Atlanta, GA is 49. This is a increase of 2.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $650,000 | -2.0% |
Listing Count | 103 | 10.0% |
| Listings as % of Homes | 0.4% | 10.0% |
Days on Market | 49 | 2.0% |
Demographics — Northlake, Atlanta, GA
As of the latest ACS Survey released in 2023, Northlake, Atlanta, GA has a population of 24,600, which has decreased by -3.9% over the past 5 years. Northlake, Atlanta, GA is a moderately popular place for families, as children make up 21.4% of the population. The area has a highly educated workforce, with 59.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 21.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 24,600 | -3.9% |
% Under 18 | 21.4% | -8.9% |
% Seniors | 14.1% | 17.5% |
% WFH | 21.5% | 400.0% |
% w/ College Degree | 59.5% | 6.2% |
As of the latest ACS Survey released in 2023, Northlake, Atlanta, GA is a predominantly white area, with 44.6% of the population identifying as white. The white population has shrunk by 2.6% in the last 5 years. The second most common race or ethnicity in Northlake, Atlanta, GA is hispanic, making up 24.9% of the population. Foreign-born residents account for 27.0% of the population in Northlake, Atlanta, GA, and this percentage has increased by 13.4% 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 | 44.6% | -2.6% |
% Black | 19.5% | -11.8% |
% Hispanic | 24.9% | 8.7% |
% Asian | 6.9% | 19.0% |
% Foreign Born | 27.0% | 13.4% |
Mortgage and Risk — Northlake, Atlanta, GA
According to HUD data as of 2023, there were 430 mortgage originations in Northlake, Atlanta, GA, of which 96.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in Northlake, Atlanta, GA. Investor activity is low, as 4.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 430 |
% Conventional Loans | 96.0% |
% Government Loans | 4.0% |
% Investor Loans | 4.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Northlake, Atlanta, GA
As of 2024, the percent of homes in Northlake, Atlanta, GA under the Section 8 program is 0.1%. 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. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Northlake, Atlanta, GA, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 8 |
Total Units Section 8 | 8 |
% Rentals under Section 8 | 0.1% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $500 | $1,400 | $1,900 |
| 2 Bedroom | $380 | $1,720 | $2,100 |
| 3 Bedroom | -$70 | $2,600 | $2,530 |
| 4 Bedroom | -$460 | $3,500 | $3,040 |
Affordability — Northlake, Atlanta, GA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.3 |
| Median Home Price | $620,000 |
| Median Household Income | $107,000 |