2801 Herrington Drive

Property details·Peachtree Corners, Gwinnett County, Georgia·R6256 110

3Beds
3Baths
1,820Sq ft
0.49Acres
1950Built
$40KLast sale

Location

Address

2801 Herrington Drive

Peachtree Corners, GA 30071

Gwinnett County

Parcel ID

R6256 110

Coordinates

33.952092, -84.197876

Building details

Bedrooms
3
Bathrooms
3
Square feet
1,820
Year built
1950
Garage
2-car U

Land & lot

Lot size
0.49 acres
Land area
21,344 sq ft
Subdivision
Herrington Dr
Neighborhood
21121001
Zoning
R75-SINGLE FAM RES
Land use code
1001

Tax & assessment

CategoryAmount
Tax value$2,959.49
Market value$333,400
Assessed value$133,360
Building value$268,800
Land value$64,600

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

Peachtree Corners has 11,606 properties in our comprehensive database.

Properties in Peachtree Corners average $565,434, reflecting a competitive market.

Buyers can expect to pay around $184 per square foot in this market.

Home prices in Peachtree Corners are 9% higher than the Gwinnett County average.

MetricPeachtree CornersGwinnett Countyvs County
Average Price$565,434$516,649+9%
Avg Sq Ft3,0682,640+16%
Price/Sq Ft$184$196-6%
Properties11,606322,148-96%

Nearby properties

Other parcels within a few hundred meters of this one.

Frequently Asked Questions About Peachtree Corners, GA Real Estate

What is the average home price in Peachtree Corners, GA?

The average home price in Peachtree Corners, GA is $565,434, based on analysis of 11,606 properties in our database.

How many properties are tracked in Peachtree Corners, GA?

Our database includes 11,606 properties in Peachtree Corners, GA, providing comprehensive market coverage.

What is the price per square foot in Peachtree Corners, GA?

The average price per square foot in Peachtree Corners, GA is $184. This is calculated from an average home price of $565,434 and average size of 3,068 square feet.

What is the average home size in Peachtree Corners, GA?

Homes in Peachtree Corners, GA average 3,068 square feet, with an average price of $565,434.

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

Peachtree Corners, 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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