Sell Your Commercial Property In Alpharetta, GA

Who rents in Alpharetta

The 2020–2024 ACS counts 66,855 residents in Alpharetta and 25,032 occupied homes, of which 16,295 are owner-occupied and 8,737, or 34.9%, are rented. That renter share is well above Johns Creek's 19.6% and Roswell's 28.1%. The median household income is $147,612.

The employer base explains much of the demand. The city's largest-employer list, drawn from business license data as of May 2026, is led by Fiserv (2,087 employees), ADP (2,074), Verizon (1,928) and Equifax (1,722), followed by Jackson Healthcare (1,235), Morgan Stanley (1,225), UPS Supply Chain Solutions (811), Surgical Information Systems (634), Toyota Motor Credit Corporation (560) and Ernst & Young (550). Together the ten account for 12,826 jobs, most of them in payments, financial services and technology.

High incomes do not mean every renter is comfortable. Of all renter households, 4,062, or 46.5%, spend 30% or more of income on rent and utilities, and 2,612, or 29.9%, spend half or more. Another 2,400, about 27.5%, spend under 20%. That spread suggests the rental base is not one uniform group, which matters for a building whose rents sit well below or well above the median.

Rents and affordability

Median gross rent is $1,948 a month, or $23,376 a year, about 15.8% of the city's median household income. HUD's FY2026 Fair Market Rents cover the whole Atlanta-Sandy Springs-Roswell area:

Alpharetta's median sits $128 above the two-bedroom FMR, between Roswell and Johns Creek. For owners, that means a two-bedroom leased to a voucher holder at the metro FMR would usually rent below the city median. FY2027 FMRs take effect October 1, 2026.

The apartment stock

Of 26,223 housing units in the ACS, 14,553, or 55.5%, are detached houses and 2,936, or 11.2%, are attached homes. Buildings with five or more units hold 7,926 units, or 30.2%: 1,455 in 5 to 9 unit buildings, 2,583 in 10 to 19, 867 in 20 to 49 and 3,021 in 50 or more. That gives the city two distinct apartment segments: 4,038 units, about 50.9% of the 5+ stock, in buildings of 5 to 19 units, and 3,021, or 38.1%, in large complexes of 50 or more.

The median housing unit was built in 1996. Apartments supply most of the rental housing here: the 7,926 units in 5+ unit buildings equal about 91% of the city's 8,737 renter households. Vacancy room is thin, with only 1,191 more housing units than occupied homes, about 4.5% of the stock, and that margin also covers homes for sale and seasonal use.

Property taxes on apartment buildings in Fulton County

Georgia assesses all real property at 40% of fair market value as of January 1, with 45 days to appeal a notice, according to the Department of Revenue. The 2025 millage report lists Fulton County at 8.870 mills plus 0.169 for bonds, the Fulton County School System at 17.080 and the City of Alpharetta at 5.030 plus 0.720 for bonds. Together that is 31.869 mills, about 1.27% of market value, or roughly $25,500 a year on a $2 million building. The total is about 2 mills higher than inside Johns Creek (29.861) and about 0.8 mills higher than inside Roswell (31.068). The HB 581 floating homestead exemption does not cover rental property, so an apartment building's assessment can move to full market value every year. Assessment notices must now include an estimated roll-back rate, which gives owners an early read on whether the next bill will rise, and the 45-day appeal window is the main tool for contesting a value that runs ahead of the building's income.

Landlord rules

Georgia does not allow local rent control: O.C.G.A. 44-7-19 bars cities and counties from regulating rents on private property. The 2024 Safe at Home Act, summarized in the Georgia Landlord-Tenant Handbook, caps security deposits at two months' rent, requires their return within 30 days, requires a written notice to pay at least three business days before a dispossessory filing, and codifies the landlord's duty to keep units fit for habitation. Landlords with more than ten units, or who use a management agent, can owe three times any deposit wrongly withheld.

What this means if you own a building here

A large office workforce and a thin vacancy margin support demand, but buildings of 5 to 19 units compete for tenants with complexes of 50 or more units, so condition, amenities and management history weigh heavily in pricing. Taxes near 31.9 mills on 40% of value are predictable, the state transfer tax is $1 per $1,000, and a financed buyer pays the intangible recording tax of $1.50 per $500 of the loan. Skyline Capital Investments buys 5+ unit buildings in Alpharetta and across north Fulton. Check your numbers with our cap rate calculator or see how we make offers on our sell your apartment building page.