The rate of Black homeownership in Atlanta increased by nearly 5% during the pandemic— more than any other race. Homes owned by Black Atlantans also appreciated faster than white-owned homes during the pandemic.
The rate of Black homeownership in Atlanta increased by nearly 5% during the pandemic— more than any other race. But that's not a straightforward piece of good news.
The average Black-owned home in Atlanta is worth about $44,000 less than the overall average, per Zillow.Odetta MacLeish-White, director of Georgia Initiatives for the Center for Community Progress, told Axios the increase could be positive, "but only if a family can pull equity from that increased appreciation to help finance a new house, pay off debt, or fund other family projects."
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