Compare Atlanta, GA mortgage rates and fees from top lenders. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lowest mortgage rates in Atlanta.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Atlanta. Plus, shopping lenders is free and there is no obligation.
December 1, 2023
Below we provide helpful information on the real estate market, home prices and housing affordability in Atlanta. Understand how much you need to earn to afford a home in Atlanta, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Atlanta fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in Atlanta is right for you.
The median home value for Atlanta, GA (Fulton County) is $453,146
Based on current mortgage rates and a 10% down payment, you need to make $94,534 per year to buy the median priced home in Atlanta
With this income, you could qualify for a $407,831 mortgage, assuming your monthly debt expense is reasonable
Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Atlanta is $2,189
The median household income for Atlanta, GA (Fulton County) is $84,407
Based on this income, you can afford a home valued at approximately $404,602
The home price you can afford to buy based on household income in Atlanta is 89% of the median home value which means housing prices are expensive. Atlanta (Fulton County) ranks 158 out of 159 counties in Georgia and 2,918 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Atlanta, GA is expensive
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Atlanta (Fulton County) below.
Conforming loan limits for Atlanta, GA
FHA loan limits for Atlanta, GA
VA loan limits for Atlanta, GA