October's First-Time Homebuyer Report for Lithonia

Lithonia is a small city in Georgia with a median income of $32,639 per household. Besides being less affluent than average, its population is much older than others with a median age of 30 years. The Lithonia market is almost exclusively made up of detached homes, currently accounting for 95% overall. Leading the list of top schools in the city are Murdock Elementary School, Hightower Trail Middle School, and Walton High School.

Price Range

Some of the least expensive homes in Georgia are in Lithonia with a median home value of $63,900, while the list prices of available homes is currently at an average of $113,379. The number of home sales in the Lithonia market climbed 20.0% to six homes over the last 30 days, exceeding the 5.1 monthly average for the last 12 months.

Make sure you take a look at these eye-catching homes in Lithonia that generated the most views from potential buyers:

$184K   $110K   $115K  

Typical Dwelling

A three-bedroom detached home valued around $147,137 is considered a typical dwelling in Lithonia. If a buyer was looking for a similar home, they would need good credit and a $29,427 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $800 and the property tax rate is $8.13 per $1,000 of taxable assessed value.

Get started right now by checking out Lithonia homes for sale or reviewing Lithonia real estate trends.


Data reported through 10/13/2016

Comments:

Ask a local expert about this area:
Solid Source Realty Inc.
19 reviews
Virtual Properties Realty .Net
Snapped 1 home in this area

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