5286 Downs Lane · Unit 5286 Downs Ln T

Property details·Norcross, Gwinnett County, Georgia·R6187 228

3Beds
2Baths
1,884Sq ft
0.23Acres
1982Built
$33KLast sale

Location

Address

5286 Downs Lane

Unit 5286 Downs Ln T

Norcross, GA 30093

Gwinnett County

Parcel ID

R6187 228

Coordinates

33.913702, -84.174361

Building details

Bedrooms
3
Bathrooms
2
Square feet
1,884
Year built
1982
Garage
1-car U

Land & lot

Lot size
0.23 acres
Land area
10,019 sq ft
Subdivision
Country Downs
Neighborhood
24131015
Zoning
RM-MULTI-FAMILY RESIDENCE
Land use code
1001

Tax & assessment

CategoryAmount
Tax value$4,140.16
Market value$266,000
Assessed value$106,400
Building value$213,200
Land value$52,800

Values reflect public tax roll data as of the year shown.

County context

Gwinnett County 2026 Insights

Gwinnett County, Georgia: The Suburb That Became a City Unto Itself

There's a moment when a suburb stops being a suburb and becomes something else entirely — a regional economy, a cultural crossroads, a destination rather than a waypoint. Gwinnett County crossed that threshold years ago. With nearly a million residents packed into a county that didn't crack 100,000 until the 1970s, Gwinnett is one of the most dramatic growth stories in American metropolitan history, and its housing market reflects every tension that kind of growth produces.

A Young, Working County Under Pressure

The median age here is 35.9 — noticeably younger than Georgia as a whole — and over a quarter of residents are under 18. That's not a demographic footnote; it's the engine driving demand for single-family homes, school enrollment (29.4% of residents are currently enrolled), and the county's persistently large household sizes averaging nearly three people. Gwinnett builds families, and families need space. The average home here stretches to 2,503 square feet, and 71% of the housing stock is single-family — a landscape shaped entirely around car-dependent suburban life, where just 0.6% use public transit and driving alone remains the overwhelming commute mode.

That family-formation pressure, combined with post-pandemic normalization, explains the one genuinely surprising figure in Gwinnett's housing data: a -2.5% year-over-year price decline. After years of explosive appreciation across metro Atlanta, Gwinnett is correcting. It's not a crash — it's a recalibration after buyers who stretched during the 2021–2022 frenzy retreated, and affordability limits were finally hit.

Key Statistics

StatValueContext
Median Home Price$399,990Above census value estimate; reflects active market mix
YoY Price Change-2.5%Cooling after pandemic run-up; bucking Georgia's broader stability
Rent Burden Rate56.3%Severely above the 30% healthy threshold
Homeownership Rate66.7%Above national average despite affordability stress

The Renter Crisis Nobody's Talking About

The most alarming story in Gwinnett's data isn't the price dip — it's what's happening to renters. A staggering 56.3% of renters are cost-burdened, and 28.4% face severe rent burden (spending more than 50% of income on housing). With median rent at $1,713 and per capita income at $37,588, the math is brutal for anyone who doesn't own. This is compounded by a 15.4% uninsured rate — well above national norms — and a child poverty rate of 13.8% that suggests economic fragility is concentrated in renting households with children.

Gwinnett's limited English-speaking population (13.8%) and significant immigrant communities — particularly in the Buford Highway corridor and cities like Duluth and Norcross — often skew toward renting, and these households absorb disproportionate housing cost pressure without the wealth-building benefit of ownership.

What the Price Range Reveals

The spread between Gwinnett's P10 home price ($190,000) and P90 ($715,000) tells you this is not a monolithic market. You can still find entry-level ownership in Gwinnett — something increasingly impossible in Fulton or Cobb counties — but the ceiling has risen sharply. The gap between median ($399,990) and average ($551,949) sale prices signals that luxury and new construction are pulling averages upward while mid-market inventory remains tight.


FAQs

What makes Gwinnett County unique? Gwinnett is one of the most diverse large counties in the American South, transformed over four decades from a predominantly rural exurb into a near-million-person economic hub. Its combination of still-accessible homeownership, strong household formation rates, and a genuinely international cultural fabric — particularly along the Buford Highway corridor — makes it unlike any other Atlanta-area county.

Is Gwinnett County a good place to buy a home right now? The -2.5% price correction suggests buyers have more leverage than at any point since 2019. With a vacancy rate of just 3.9% and strong underlying demand from a young, growing population, the dip looks more like a buying window than a warning sign. Entry points starting near $190,000 still exist, though competition intensifies quickly in the $300K–$450K range.

Why are rents so high in Gwinnett compared to incomes? Gwinnett's rental market serves a large population of households that haven't been able to access ownership — often due to credit, down payment barriers, or immigration status. With single-family construction oriented toward buyers rather than renters, rental supply hasn't kept pace with demand, pushing burden rates to levels more typical of coastal metros than suburban Georgia.

Local market context

Norcross has 17,150 properties in our comprehensive database.

With an average price of $314,738, Norcross offers mid-range housing options.

With a price per square foot of just $142, this area offers excellent value for buyers.

Home prices in Norcross are 39% lower than the Gwinnett County average.

MetricNorcrossGwinnett Countyvs County
Average Price$314,738$516,649-39%
Avg Sq Ft2,2152,640-16%
Price/Sq Ft$142$196-28%
Properties17,150322,148-95%

Nearby properties

Other parcels within a few hundred meters of this one.

Frequently Asked Questions About Norcross, GA Real Estate

What is the average home price in Norcross, GA?

The average home price in Norcross, GA is $314,738, based on analysis of 17,150 properties in our database.

How many properties are tracked in Norcross, GA?

Our database includes 17,150 properties in Norcross, GA, providing comprehensive market coverage.

What is the price per square foot in Norcross, GA?

The average price per square foot in Norcross, GA is $142. This is calculated from an average home price of $314,738 and average size of 2,215 square feet.

What is the average home size in Norcross, GA?

Homes in Norcross, GA average 2,215 square feet, with an average price of $314,738.

How does Norcross, GA compare to other cities in Gwinnett County?

Norcross, GA is one of many cities in Gwinnett County, GA with property data available. Browse other cities in the county to compare market conditions and pricing.

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