Why Live in Stone Mountain
Stone Mountain, located 20 miles from downtown Atlanta, is a small town with a population of less than 8,000, offering a mix of long-time locals and newcomers. Known for its historical granite quarrying, the area now thrives on tourism, largely due to Stone Mountain State Park, the state's most visited tourist attraction. The park features a 600-foot-tall granite mountain, hiking trails, and attractions like Geyser Towers Water Park and Stone Mountain Golf Club. The town's downtown area is steadily growing, with locally owned cafes, BBQ spots, and bars, supported by grants such as BOOST Stone Mountain and the Façade Improvement Grant Program. Stone Mountain Village offers cultural experiences and shopping, with establishments like the Village Corner German Restaurant and Bakery and new spots like Gilly Brew and the Vibrary Wine and Book Bar. The Gwinnett County Schools district is highly rated, with specialized programs and the top-ranked Gwinnett School of Mathematics, Science, and Technology. Stone Mountain's neighborhoods feature homes from various eras, including custom estates in Smoke Rise. The town is more affordable than neighboring cities, with a median home price of $285,000. The Livable Centers Initiative aims to enhance connectivity and green spaces. Stone Mountain is accessible via I-25 and MARTA, with Emory Decatur Hospital 7 miles away and Hartsfield-Jackson Atlanta International Airport 27 miles away. The crime rate in Stone Mountain is lower than the national average, making it a practical choice for potential home buyers.
Frequently Asked Questions
What is the average home price in Stone Mountain, GA?
Homes for sale in Stone Mountain, GA have an average home price of $312,568.
How many homes have sold over the last 12 months in Stone Mountain, GA?
1,793 homes have sold in Stone Mountain, GA over the last 12 months.
What are the most popular zip codes in Stone Mountain, GA?
How much do you need to make to afford a house in Stone Mountain?
The median home price in Stone Mountain is $297,000. If you put a 20% down payment of $59,400 and had a 30-year fixed mortgage with an interest rate of 6.81%, your estimated principal and interest payment would be $1,550 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $66K a year to afford the median home price in Stone Mountain.
How are the schools in Stone Mountain, GA?
Home Trends in Stone Mountain, GA
On average, homes in Stone Mountain, GA sell after 49 days on the market compared to the national average of 50 days. The median sale price for homes in Stone Mountain, GA over the last 12 months is $285,000, consistent with the median home sale price over the previous 12 months.
Median Sale Price
$285,000
Median Single Family Sale Price
$290,000
Median Townhouse Sale Price
$217,000
Median 2 Bedroom Sale Price
$145,000
Average Price Per Sq Ft
$154
Number of Homes for Sale
473
Last 12 months Home Sales
1,793
Median List Price
$297,000
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
0%