Atlanta Neighborhood Development Partnership (ANDP) has released its most comprehensive assessment of affordable homeownership outcomes to date. The Homebuyer Wealth Study (2010–2024) analyzes 800 homes sold by ANDP from April 2010 through November 2024, examining affordability, stability, and long-term wealth creation for low- and moderate-income families across metro Atlanta.

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The findings show that ANDP homebuyers—93% first-time buyers and 78% families of color—have built substantial financial equity. Among the 620 households still living in their homes, the average appreciation was $116,000, rising to $163,000 for households with residents for 5 years or longer. When accounting for mortgage paydown and earnest money, homeowners with five or more years of tenure achieved average wealth gains of $191,000. Across all households, including those who resold, total wealth creation exceeds $140 million.

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Affordability remains central to ANDP’s impact. 71% of buyers received down payment assistance, with ANDP distributing over $9.3 million to 565 families. During the study period, ANDP homes sold at prices roughly 30% below the regional average, keeping mortgage payments competitive with or below Fair Market Rent and offering long-term cost stability.

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The study also highlights strong homeowner retention. 77.5% of all buyers still own their homes, and only 1.25% experienced foreclosure—significantly lower than national and FHA rates. The average tenure of current owners is 7.07 years, with notable resilience during the COVID-19 pandemic.

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Overall, the data confirms that affordable homeownership is a powerful and scalable strategy for building wealth and strengthening family stability across metro Atlanta.

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