Hapeville, Atlanta, GA—30354
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Hapeville, Atlanta, GA
As of Oct '25, the median home price in Hapeville, Atlanta, GA is $239,000, with a year-over-year change of -8.0%. This indicates that home prices in Hapeville, Atlanta, 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 | $239,000 | -8.0% |
| Single Family | $255,000 | -7.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $198,000 | -8.8% |
3 Bed | $237,000 | -8.1% |
4 Bed | $345,000 | -3.4% |
| 5 Bed | $375,000 | -2.3% |
% of Housing Stock
Rental Trends — Hapeville, Atlanta, GA
As of July '25, Rentcast reports the average rent in Hapeville, Atlanta, GA is $1,900, with a year-over-year rent change of 8.0%. Per bedroom, the median rent as of July '25 in Hapeville, Atlanta, GA is 1-bedrooms: $1,170, 2-bedrooms: $1,750, 3-bedrooms: $2,210, 4-bedrooms: $2,730. The most common rental property sizes in Hapeville, Atlanta, GA are 2-bedroom and 3-bedroom, accounting for 52.9% and 22.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,780 | $1,900 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,380 | $1,170 |
| 2 Bed Rent | $1,780 | $1,750 |
| 3 Bed Rent | $2,000 | $2,210 |
| 4 Bed Rent | $2,700 | $2,730 |
% of Rental Stock
Property Listings — Hapeville, Atlanta, GA
As of Oct '25, Realtor.com reports that the median days on market for a home in Hapeville, Atlanta, GA is 77. This is a increase of 57.0% 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 | $322,000 | -14.0% |
Listing Count | 172 | -20.0% |
| Listings as % of Homes | 1.8% | -20.0% |
Days on Market | 77 | 57.0% |
Demographics — Hapeville, Atlanta, GA
As of the latest ACS Survey released in 2023, Hapeville, Atlanta, GA has a population of 15,500, which has decreased by -5.6% over the past 5 years. Hapeville, Atlanta, GA is a popular place for families, as children make up 28.3% of the population. The area has a poorly educated workforce, with 24.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 15,500 | -5.6% |
% Under 18 | 28.3% | 10.1% |
% Seniors | 12.9% | 13.2% |
% WFH | 13.7% | 315.2% |
% w/ College Degree | 24.2% | 34.4% |
As of the latest ACS Survey released in 2023, Hapeville, Atlanta, GA is a predominantly black area, with 68.3% of the population identifying as black. The black population has shrunk by 3.3% in the last 5 years. The second most common race or ethnicity in Hapeville, Atlanta, GA is hispanic, making up 16.0% of the population. Foreign-born residents account for 10.7% of the population in Hapeville, Atlanta, GA, and this percentage has increased by 11.5% 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 | 10.1% | -19.8% |
% Black | 68.3% | -3.3% |
% Hispanic | 16.0% | 81.8% |
% Asian | 1.4% | 16.7% |
% Foreign Born | 10.7% | 11.5% |
Mortgage and Risk — Hapeville, Atlanta, GA
According to HUD data as of 2023, there were 298 mortgage originations in Hapeville, Atlanta, GA, of which 61.0% of loans were conventional mortgages. The average loan-to-value was 81.0%, with 61.0% above 90% LTV (very high). This implies large mortgage risk in Hapeville, Atlanta, GA. Investor activity is low, as 3.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 298 |
% Conventional Loans | 61.0% |
% Government Loans | 39.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Hapeville, Atlanta, GA
As of 2024, the percent of homes in Hapeville, Atlanta, GA under the Section 8 program is 45.3%. 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 Hapeville, 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 | 1,599 |
Total Units Section 8 | 1,599 |
% Rentals under Section 8 | 45.3% |
% Occupied Section 8 | 79.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$10 | $1,380 | $1,370 |
| 2 Bedroom | -$260 | $1,780 | $1,520 |
| 3 Bedroom | -$170 | $2,000 | $1,830 |
| 4 Bedroom | -$500 | $2,700 | $2,200 |
Affordability — Hapeville, Atlanta, GA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.9 |
| Median Home Price | $239,000 |
| Median Household Income | $53,900 |