Property details·Norcross, Gwinnett County, Georgia·R6198 196
5355 Oakbrook Parkway
Norcross, GA 30093
Gwinnett County
R6198 196
33.920378, -84.179694
| Category | Amount | Year |
|---|---|---|
| Tax value | $24,260.77 | 2026 |
| Market value | $1,499,200 | 2025 |
| Assessed value | $599,680 | 2026 |
| Building value | $1,049,800 | — |
| Land value | $449,400 | — |
Values reflect public tax roll data as of the year shown.
County context
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.
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.
| Stat | Value | Context |
|---|---|---|
| Median Home Price | $399,990 | Above census value estimate; reflects active market mix |
| YoY Price Change | -2.5% | Cooling after pandemic run-up; bucking Georgia's broader stability |
| Rent Burden Rate | 56.3% | Severely above the 30% healthy threshold |
| Homeownership Rate | 66.7% | Above national average despite affordability stress |
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.
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.
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.
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.
| Metric | Norcross | Gwinnett County | vs County |
|---|---|---|---|
| Average Price | $314,738 | $516,649 | -39% |
| Avg Sq Ft | 2,215 | 2,640 | -16% |
| Price/Sq Ft | $142 | $196 | -28% |
| Properties | 17,150 | 322,148 | -95% |
Other parcels within a few hundred meters of this one.
The average home price in Norcross, GA is $314,738, based on analysis of 17,150 properties in our database.
Our database includes 17,150 properties in Norcross, GA, providing comprehensive market coverage.
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.
Homes in Norcross, GA average 2,215 square feet, with an average price of $314,738.
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.
Access owner information, tax records, transfer history, and more through our API.
View API pricingGet instant access to comprehensive county assessors-based property data with your free API key
Need Bulk Data?
Email us at hello@realie.ai