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Newly released data shows what income is needed to buy an Atlanta area house. Do you make enough?

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Newly released data shows what income is needed to buy an Atlanta area house. Do you make enough?


ATLANTA — A look at the metro Atlanta area housing cost shows the latest income requirements to buy a house.

At three price levels analyzed by real estate company Zillow, income and mortgage rate were compared to see what you need to earn to afford a house, and how big of a down payment you may need to make.

According to the National Association of Realtors, a typical down payment for first-time home buyers in 2022 was 6%, while it was 17% for repeat buyers.

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Depending on which cost tier you choose to pursue, Zillow reported that with the current mortgage rate, a bottom tier home buyer would need to earn about $86,000 to buy a home with a 5% down payment.

At 10%, the same buyer would need to earn $82,000, and at the high percentage of a 20% down payment, a potential buyer would need to earn just $68,000 per year to purchase a bottom-tier priced home at the current mortgage rate.

As of Thursday, the most recent 30-year mortgage rate for a fixed-rate mortgage was 7.22%, down by 0.07% since last week, but up almost three-quarters of a percent since 2022, according to federally-backed mortgage company Freddie Mac.

At higher price tiers, the necessary income to snatch up a new house is also higher for Atlanta’s prospective home buyers.

Going back to the 5% down payment level, in a middle-tier price for a house, the current mortgage rate means you’ll need to earn at least $121,000 to buy a home, according to Zillow. Additional data from the real estate company showed that for a similarly priced home, putting a 10% down payment on the books would mean you’ll need to earn $116,000 for a purchase to be affordable.

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For those able to put down a 20% payment when buying a house in the Atlanta area, a middle-tier priced home requires an income of $96,000.

At the final level, top-tier pricing, a 5% down payment for a home requires an income at $191,000 per year to afford the cost of the mortgage at the current rate. For a 10% down payment, potential buyers would need to earn $182,000 at minimum, while a 20% down payment means buyers must earn at least $152,000 to get keys in doors.

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Zillow said the current market is hitting both buyers and sellers due to the higher mortgage rates.

“Zillow research has shown homeowners with mortgage rates below 5% are nearly twice as likely to want to hang onto their current home. The further we get from that 5% mark, the deeper the inventory deficit may become,” the company said.

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For those looking to move from renting to buying, using a 10% down payment at a median household income would require earnings of $107,000 per year for an affordable home, or one that requires up to 30% of your income to pay for, according to Zillow.

A household is considered cost-burdened if they spend more than 30% of their earnings on rent or housing payments each year. Zillow said if mortgage rates rise to 8%, it could push needed income for an Atlanta resident to as much as $162,000 per year for a top-tier priced home, if including a 20% down payment.

By comparison, a mid-tier home with an 8% mortgage rate would require earnings around $103,000, while a bottom-tier pricing would need you to earn $73,000 at that same 8% rate.

Still, the real estate company said it isn’t certain that the rates will actually rise to 8%.

“The safest bet is that rates will remain volatile, and that they will stay high for the foreseeable future. Whether that means 6%, 7% or 8% is anyone’s guess, but there’s no reason to expect a significant drop anytime soon,” Zillow said.

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According to Zillow, here’s how the Atlanta area’s housing market looks:

  • Home values were flat from August to September. At the same time in 2019, monthly growth was 0.1%.
  • Typical home values are $376,250, up 1.5% from last year.
  • The share of Zillow listings with a price cut is 26.6%, compared to 25.7% in August.
  • Homes are on the market a median of 18 days before sellers accept an offer, 2 days longer than in August.

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Atlanta, GA

Atlanta mayor's task force recommends changes to inspector general's operations

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Atlanta mayor's task force recommends changes to inspector general's operations


It has been no secret that the Atlanta mayor’s office and the inspector general (IG) do not always see eye-to-eye.

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Now, that riff may be widening.

The Office of Inspector General (OIG) was created in 2020 after a federal probe into corruption at Atlanta’s City Hall led to several people going to prison.

Atlanta shaken by new ‘pay to play’ scandal involving city officials: report

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Many city employees, and even the mayor’s office, have complained about IG Shannon Manigault’s tactics and procedures. That is why the mayor created a temporary task force to take a closer look at her office.

Some residents do not like the task force’s recommendations to the city council.

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“NPU-N voted unanimously to authorize me to communicate with council our strong support for the office of the Inspector General and our absolute objection to recent efforts by the Dickens administration to defame our watchdog. I urge you to vote against resolution 24.R4518,” NPU-N chair Amy Stout told the council.

The task force’s recommendations are numerous. To name just a few, they have suggested the OIG have its own board, separate from the Ethics Office, to report to.

The recommendations also clarify that the IG must notify an employee if they are a target of an investigation and the employee is allowed to have counsel present during an interview.

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The task force also recommends that an investigation can be initiated only if clear justification can be defined, not suspicion. 

Inspector General Manigault did not mince words.

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“The approval of the recommendation to have the city attorney craft legislation and policies and procedures pursuant to the findings of the body. All of these things are serious. The short of it is, many of these recommendations, if implemented, would render this office, Office of Inspector General, in name only,” said Inspector General Manigault.

Task force member and Atlanta City Councilman Howard Shook said a lot of work went into the recommendations.

“She sees that as her needing the most authority she can possibly have to do the best job she can do, but we found no model where the Inspector General operates entirely independently of anybody or anything,” Shook explained.

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The council held the measure on Monday. The recommendations are expected to be revisited again in two weeks.

The Source: This information was reported by FOX 5 Atlanta’s Aungelique Proctor.



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Atlanta, GA

These Are The Best Middle Schools In GA: U.S. News Ranking

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These Are The Best Middle Schools In GA: U.S. News Ranking


GEORGIA — Elite Scholars Academy School in Jonesboro is the best public middle school in Georgia, according to a new ranking from U.S. News & World Report.

U.S. News researchers based the 2025 ranking of the nation’s best public middle schools on publicly available data from the U.S. Department of Education. The researchers analyzed 59,128 middle schools for the report.

The top 25 public middle schools in Georgia are:

  • Elite Scholars Academy School, Jonesboro
  • Dickerson Middle School, Marietta
  • South Forsyth Middle School, Cumming
  • Riverwatch Middle School, Suwanee
  • Dodgen Middle School, Marietta
  • River Trail Middle School, Duluth
  • Piney Grove Middle School, Cumming
  • North Gwinnett Middle School, Sugar Hill
  • Webb Bridge Middle School, Alpharetta
  • Autrey Mill Middle School, Alpharetta
  • Rainey Mccullers School of the Arts, Columbus
  • Davidson Magnet School, Augusta
  • Rising Starr Middle School, Fayetteville
  • International Charter School of Atlanta, Roswell
  • Mabry Middle School, Marietta
  • Hightower Trail Middle School, Marietta
  • Bremen Middle School, Bremen
  • Crews Middle School, Lawrenceville
  • Taylor Road Middle School, Alpharetta
  • Northwestern Middle School, Alpharetta
  • Malcom Bridge Middle School, Bogart
  • Newton County Theme School at Ficquett, Covington
  • Simpson Middle School, Marietta
  • Fulton Academy of Science and Technology, Roswell
  • J.C. Booth Middle School, Peachtree City

Go here to see the full list of best Georgia middle schools.

The methodology for the rankings focused on state assessments of students who were proficient or above proficient in math and reading/language arts, while also accounting for students’ background and their achievements in core subjects. Student-teacher ratios were applied to break ties.

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The rankings are intended as an evaluation tool to give parents a snapshot of how well schools provide a high-quality education and prepare students for a successful future, LaMont Jones, managing editor for Education at U.S. News, said in a news release.



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Atlanta, GA

Over 300 cars stolen from Atlanta airport parking lots so far this year

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Over 300 cars stolen from Atlanta airport parking lots so far this year


The Atlanta Police Department has reported an alarming rise in vehicle thefts at Hartsfield-Jackson Atlanta International Airport, with over 300 cars being stolen from airport parking lots this year. That figure more than tripled what was reported last year.

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Officials say thieves have been exploiting a tailgating technique, which involves following closely behind another vehicle when leaving the parking lot in order to slip out undetected once the gate opens. This exact method that Jennifer Powell, a Milton, Florida resident who flew from Atlanta to New York for a short trip with her family, says thieves used to steal her car.

When Powell returned from her trip, she discovered her vehicle was missing from the North Economy Lot.

“It was so heartbreaking when we walked out and my car was gone,” Powell told FOX 5 Atlanta.

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Earlier FOX 5 Atlanta reports indicated that perpetrators have been able to reprogram new keys for vehicles in merely five to ten minutes, aiding in their swift thefts. Powell was informed by airport staff that this could be how her car was accessed.

Atlanta City Council member Michael J. Bond, who serves on the city’s airport and vendor committee, stated that the airport has increased its security personnel.

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“They’re full-time police officers working part-time at the airport,” Bond explained. “Also, there’s ongoing enhancements to the video monitoring system at the airport, which has been helpful, along with some of the license plate readers that are out there.”

Nevertheless, Bond admits that there is still a significant challenge in preventing thieves from tailgating drivers out of the lots.

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“It’s hard because the way that people are exiting, you know, you don’t really know that they’re doing it until they actually are doing it. So, it’s hard to monitor the cars and trying to pick and choose who may be coming out or who may be in a stolen car.”

Georgia, Atlanta, Hartsfield-Jackson Atlanta International Airport, approach aerial view, parking lot and Highway. (Photo by: Jeff Greenberg/Education Images/Universal Images Group via Getty Images)

Powell is skeptical of the improvements, finding it hard to believe that security measures have been significantly enhanced after her experience.

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“It just sucks that this happened because we trusted the airport to do their job,” she said.

Powell told FOX 5 Atlanta she would likely never fly out of Hartsfield-Jackson Atlanta International Airport ever again.

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We’ve reached out to officials from the airport and the Atlanta Police Department for comment, and have yet to hear back.

The Source: This is an original report by FOX 5 Atlanta’s Eric Mock.



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