When searching for a rental home in Atlanta, one of the most critical factors for both landlords and tenants is how long it takes for a property to be leased. The faster a home is rented, the quicker homeowners can generate income, and tenants can secure their next residence.
To better understand rental market trends, we analyzed data from FirstMLS, comparing the average time it took for all brokers in Atlanta to rent a house versus how long it took Excalibur Homes, Atlanta’s Rental Home Experts, to lease a home. Here’s what the data reveals about rental times in 2024.
Atlanta’s Rental Market Trends in 2024
Average Rental Time Across All Brokers
According to FirstMLS, the average time for a house to be rented in the Atlanta area in 2024 ranged from 36 to 45 days, depending on the month. The fastest rental periods occurred during the summer months, with June, July, and August averaging 36 days on the market. Meanwhile, the slowest months were January and December, when homes stayed on the market for an average of 45 days. The overall average rental time for all brokers in Atlanta in 2024 was 40.6 days.
How Excalibur Homes Compares
Excalibur Homes specializes in rental properties and provides homeowners with two leasing options:
- Self-showing automated leasing technology
- Agent-only showings with an agent present at all times
Based on the data, Excalibur Homes consistently outperformed the market average for much of the year. Their rental time ranged from 15 to 56 days, with an overall yearly average of 34.8 days—which is nearly six days faster than the Atlanta market average.
Month-by-Month Breakdown
What This Means for Homeowners
For homeowners looking to rent out their property, Excalibur Homes offers a competitive advantage by leasing homes faster than the average broker in Atlanta. A few key takeaways from the data include:
- Faster Lease Times: Excalibur Homes consistently rented homes in fewer days than the market average, especially during the first half of the year.
- Technology vs. Agent-Only Showings: The availability of self-showing technology may contribute to faster leasing times, as it allows potential renters to view properties more conveniently.
- Market Seasonality: Rental demand appears to be strongest in the summer months (June through August), aligning with broader real estate trends.
Conclusion
For property owners in Atlanta, choosing the right leasing strategy can make a significant difference in how quickly a home is rented. With an average rental time nearly six days shorter than the market average, Excalibur Homes provides an efficient option for those seeking to lease their properties quickly and effectively.
If you’re a homeowner looking to rent your property in Atlanta, considering a specialized rental expert like Excalibur Homes could be the key to minimizing vacancy time and maximizing rental income.
