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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Sandy Springs, GA Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Sandy Springs, GA Housing Market Trends

With 107,763 people, 51,204 houses or apartments, and a median cost of homes of $804,100, Sandy Springs house prices are not only among the most expensive in Georgia, Sandy Springs real estate also is some of the most expensive in all of America.

Large apartment complexes or high rise apartments are the single most common housing type in Sandy Springs, accounting for 51.82% of the city's housing units. Other types of housing that are prevalent in Sandy Springs include single-family detached homes ( 32.04%), row houses and other attached homes ( 11.16%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.40%). This particular housing mix is relatively uncommon and characteristic of cities that are compact and walkable, and which often have a lively downtown.

People in Sandy Springs primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Sandy Springs has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Sandy Springs built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Sandy Springs built between 2000 and later ( 26.18%). A lesser amount of the housing stock also hails from between 1940-1969 ( 14.66%).

Sandy Springs Home Appreciation Rates

Real estate appreciation rates in Sandy Springs's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.25% during the period.

NeighborhoodScout's data show that during the latest twelve months, Sandy Springs's appreciation rate, at 7.69%, has been at or slightly above the national average. In the latest quarter, Sandy Springs's appreciation rate has been 2.20%, which annualizes to a rate of 9.09%.

Relative to Georgia, our data show that Sandy Springs's latest annual appreciation rate is lower than 50% of the other cities and towns in Georgia.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Sandy Springs differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Sandy Springs - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Sandy Springs real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$804,100

Sandy Springs, GA Home Prices
> $1,409,000
$1,057,001 - $1,409,000
$705,001 - $1,057,000
$564,001 - $705,000
$423,001 - $564,000
$282,001 - $423,000
$141,001 - $282,000
$70,001 - $141,000
$0 - $70,000
14.2%
14.2%
13.3%
13.3%
25.4%
25.4%
11.3%
11.3%
5.8%
5.8%
12.8%
12.8%
14.2%
14.2%
0.9%
0.9%
2.1%
2.1%
0% 100.0%
% of Homes
Very High

for Georgia

Very High

for nation

Number of Homes And Apartments:

51,204

Sandy Springs Appreciation Rates

Rent & Ownership

Average Market Rent:

$3,124 / per month

Homeownership Rate

Owners
Renters
50.2%
50.2%
49.8%
49.8%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
6.6%
6.6%
93.4%
93.4%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
26.2%
26.2%
58.7%
58.7%
14.7%
14.7%
0.5%
0.5%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
32.0%
32.0%
11.2%
11.2%
4.4%
4.4%
51.8%
51.8%
0.5%
0.5%
0.1%
0.1%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
2.4%
2.4%
23.7%
23.7%
30.8%
30.8%
17.3%
17.3%
13.6%
13.6%
12.2%
12.2%
0% 100.0%
% of Homes