Data: U.S. Census Bureau; Note: 2020 values are estimated; Chart: Axios Visuals
Housing growth in metro Atlanta and nationwide outpaced population gains over the last decade, yet affordability remains a huge roadblock for many would-be homebuyers.
Why it matters: Housing is emerging as a key topic politically, and local elected officials are also trying to solve the affordability crisis in their communities.
By the numbers: The number of housing units in metro Atlanta increased by 16.2% between 2014 and 2024, while the population grew by 14.2%, per U.S. Census Bureau data.
Population growth is driven by natural change (births minus deaths) and net migration.
U.S. home prices rose nearly 50% from mid-2019 to mid-2025, per the National Association of Realtors.
Additionally, metro Atlanta lost more than 230,000 low- to moderately priced housing units between 2018 and 2023, according to the Atlanta Regional Commission.
Between the lines: High mortgage rates over the last few years have depressed supply in many markets.
If you're a homeowner with an older mortgage locked in at 3% or so, the idea of moving into a new home at double that rate or more isn't exactly attractive.