The Fastest Growing Real Estate Markets in Georgia in 2024

The Georgia real estate market doesn't appear to show signs of slowing down as the state keeps adding to its population. The latest Census report shows five major cities in Georgia experiencing population growth from 2022 to 2023. If you're a real estate agent in Georgia looking to capitalize on home salesGeorgia How Much Real Estate Agents Make Georgia Career Center, here are the markets you should be considering.

Major Factors Contributing to the State of Today’s Georgia Market

Georgia is the country's eighth most populous state with a population of 11,029,227Embed.php?component=populous Popclock. ThispopulationVisualizations Interactive Population Shifting In Cities Or Towns 2023.html LibraryVisualizations Interactive Population Shifting In Cities Or Towns 2023.html LibraryVisualizations Interactive Population Shifting In Cities Or Towns 2023.html LibraryVisualizations Interactive Population Shifting In Cities Or Towns 2023.html LibraryVisualizations Interactive Population Shifting In Cities Or Towns 2023.html LibraryVisualizations Interactive Population Shifting In Cities Or Towns 2023.html Library grew by 2.9% between 2020 and 2023. Much of this growth was powered by almost two cities alone: Atlanta and Warner Robins. The city of Atlanta showed an overall increase in population in 2023 of 2.4%, and Warner Robins also showed a growth in population of 2.9%. This is noteworthy because most other cities the Census surveyed had a decrease in population,Visualizations Interactive Population Shifting In Cities Or Towns 2023.html LibraryVisualizations Interactive Population Shifting In Cities Or Towns 2023.html LibraryVisualizations Interactive Population Shifting In Cities Or Towns 2023.html LibraryVisualizations Interactive Population Shifting In Cities Or Towns 2023.html LibraryVisualizations Interactive Population Shifting In Cities Or Towns 2023.html LibraryVisualizations Interactive Population Shifting In Cities Or Towns 2023.html Library meaning more people moved out than moved in.

The city of Atlanta is only one part of the major Atlanta metropolitan area. The Census lists the population of Atlanta Metro at 6,307,261, which is the sixth-largestPress Releases 2024 Population Estimates More Counties Population Gains 2023.html NewsroomPress Releases 2024 Population Estimates More Counties Population Gains 2023.html Newsroom metropolitan area in the country. Atlanta Metro added over 68,000Press Releases 2024 Population Estimates More Counties Population Gains 2023.html NewsroomPress Releases 2024 Population Estimates More Counties Population Gains 2023.html Newsroom new residents in 2023, making it the third-fastest growing metropolitan area, behind Dallas and Houston.

The overall growth in Georgia's population could explain why the real estate market continues to see an increase in median home prices despite higher interest rates. Redfin reports the median home sales price in Georgia is $390,300Georgia Housing Market State, which is up 4.2% compared to June 2023. Redfin data also shows homes spend an average of 38 days on the market, significantly longer compared to the 28 days in May of 2022. Lastly, inventory appears to be holding at a three-month supply, which is equal compared to the same period last year. 

Which Georgia Cities Are Growing the Most?

While the overall population of Georgia is growing, several cities stand out for showing growth according to the latest Census BureauVisualizations Interactive Population Shifting In Cities Or Towns 2023.html LibraryVisualizations Interactive Population Shifting In Cities Or Towns 2023.html LibraryVisualizations Interactive Population Shifting In Cities Or Towns 2023.html LibraryVisualizations Interactive Population Shifting In Cities Or Towns 2023.html LibraryVisualizations Interactive Population Shifting In Cities Or Towns 2023.html LibraryVisualizations Interactive Population Shifting In Cities Or Towns 2023.html Library report. 

1. Atlanta 

Atlanta has one of the highest growth percentages recorded for 2023, with an increase of 2.4%. It's the hub of the Atlanta Metro area, the sixth-largest metropolitan cityAtlanta Metro Area Now 6th Largest In The U SAtlanta Metro Area Now 6th Largest In The U S in the U.S. The city is home to Hartsfield-Jackson Atlanta International Airport, the world's busiest airportBusiest Airports World. It's also a cultural hub for Georgia, with world-renowned museums, a rich history with the Civil Rights movement, and a vibrant art, food, and music scene. 

2. Macon

Macon saw a slight increase in population in 2023, with 0.2% growthVisualizations Interactive Population Shifting In Cities Or Towns 2023.html LibraryVisualizations Interactive Population Shifting In Cities Or Towns 2023.html LibraryVisualizations Interactive Population Shifting In Cities Or Towns 2023.html LibraryVisualizations Interactive Population Shifting In Cities Or Towns 2023.html LibraryVisualizations Interactive Population Shifting In Cities Or Towns 2023.html LibraryVisualizations Interactive Population Shifting In Cities Or Towns 2023.html Libraryin 2023. Macon is located in Bibb County in Central Georgia and is known for its small-town Southern charm. It has a rich music heritage, with legendary artists such as Little Richard and Otis Redding hailing from there. Macon also has a strong cultural scene, with numerous art and history attractions.

3. Warner Robins

Warner Robins had the highest population growth, recording a 2.9% increase from 2022 to 2023. The city centers around its strong military presence since it's home to the Robins Air Force Base. Not only is Robins Air Force Base the largest employer in the Warner Robins area, it's the largest employer in Georgia, employing a workforce of over 24,000About Us civilians, contractors, and military members.

4. Athens

Athens is located in Northeast Georgia with a population of 128,628, which grew 0.2% compared to 2022. Athens is home to the University of Georgia, which contributes an astounding amount of over $8 billionUga Economic Impact Hits New High Of 8 1 Billion News.uga.edu to the state's economy. It's also home to a flourishing food and music scene, plus multiple cultural attractions.

5. Marietta

Marietta, located in Cobb County, is part of the Atlanta Metropolitan area. It also has a population of over 62,000 residents, which increased 0.2%Visualizations Interactive Population Shifting In Cities Or Towns 2023.html LibraryVisualizations Interactive Population Shifting In Cities Or Towns 2023.html LibraryVisualizations Interactive Population Shifting In Cities Or Towns 2023.html LibraryVisualizations Interactive Population Shifting In Cities Or Towns 2023.html LibraryVisualizations Interactive Population Shifting In Cities Or Towns 2023.html LibraryVisualizations Interactive Population Shifting In Cities Or Towns 2023.html Library from the previous year. While Marietta is often integrated with the Atlanta metropolitan area, it has a personality of its own, including its charming downtown area called Marietta Square. It's also home to numerous significant cultural and historic sites and educational institutions.

Most Populous Cities in Georgia

One of the most standout population metrics in Georgia is how large the Atlanta metro area is compared to the rest of the cities in the state. You can see the disparity in totals when you compare the Atlanta metropolitan area to the other most populous citiesVisualizations Interactive Population Shifting In Cities Or Towns 2023.html LibraryVisualizations Interactive Population Shifting In Cities Or Towns 2023.html LibraryVisualizations Interactive Population Shifting In Cities Or Towns 2023.html LibraryVisualizations Interactive Population Shifting In Cities Or Towns 2023.html LibraryVisualizations Interactive Population Shifting In Cities Or Towns 2023.html LibraryVisualizations Interactive Population Shifting In Cities Or Towns 2023.html Library.

• Atlanta Metro Area: This metro area is now the nation's sixth-largest, which has a population of over 6.3 millionAtlanta Metro Area Now 6th Largest In The U SAtlanta Metro Area Now 6th Largest In The U S and includes 10 countiesMetro Atlanta Georgia Regions.

• Atlanta: The most populated city in Georgia with 510,823 residents within the city limits.

• Augusta-Richmond County: Home to 205,414 residents, but saw a decrease in population of 0.5% in 2023.

• Columbus: You'll find Cities_by_population201,877 residents that call Columbus home, but the population decreased by 0.3% in 2023.

• Macon-Bibb County: Macon-area residents now total 156,512.

Be a Part of Georgia's Growing Real Estate Market

The popularity of Atlanta and its suburbs is what's driving the booming Georgia real estate market. The growth in population and continued demand are expected to keep this market active in 2024 and perhaps beyond. Home prices are increasing, and the housing inventory continues to be tight. This creates significant opportunities for real estate agents in GeorgiaGeorgia Career Center.

Looking to join this fast-growing industry? Start a new careerWhy Real Estate Best Midlife Career Change Georgia Blog in this thriving real estate market with the help of Aceable. We offer fully online pre-license courses that satisfy the 75-hour Georgia Real Estate Commission requirement.