Our network

Metro Atlanta neighborhoods hit hard by foreclosure | News

Title (Max 100 Characters)

Metro Atlanta neighborhoods hit hard by foreclosure
News, Real Estate
Metro Atlanta neighborhoods hit hard by foreclosure

LAWRENCEVILLE, Ga. -- Georgia is among the top three states for zip codes with the highest foreclosure rates, according to a new article published by CNNMoney.

The Peach State joins Florida and Illinois at the top of the list, displacing Arizona, California and Nevada.

RESOURCE GUIDE | Preventing foreclosure

And a Gwinnett County suburb has the zip code with the highest foreclosure rate in the U.S.

According to the CNNMoney article:

In Lawrenceville, Ga. (zip code 30045), nearly 13% of homes -- 1 out of every 8 -- received some kind of foreclosure notice last year, making it the hardest hit zip code in the country. This suburb of Atlanta has seen home prices plunge by more than 40% from the early 2006 peak, according to real estate site Zillow.

A high percentage of homeowners in Lawrenceville bought near the top of the market, when home prices topped out at a median of about $193,000. When prices plunged during the recession, many of those homeowners owed more than their homes were worth and many wound up in default.

Several more of the 100 hardest hit neighborhoods are in metro Atlanta. See the CNNMoney map.

No. 2: Zip Code 30349
Southwest Atlanta
1,661 foreclosures in 2012

No. 16: Zip Code 30016
Covington
1,374 foreclosures in 2012

No. 17: Zip Code 30135
Douglasville
1,309 foreclosures in 2012

No. 22: Zip Code 30043
Lawrenceville
1,253 foreclosures in 2012

No. 23: Zip Code 30039
Snellville
1,238 foreclosures in 2012

No. 24: Zip Code 30052
Loganville
1,232 foreclosures in 2012

No. 59: Zip Code 30281
Stockbridge
1,025 foreclosures in 2012

No. 62: Zip Code 30294
Ellenwood
1,023 foreclosures in 2012

No. 72: Zip Code 30038
Lithonia
980 foreclosures in 2012

No. 74: Zip Code 30331
Atlanta
977 foreclosures in 2012

No. 77: Zip Code 30127
Powder Springs
961 foreclosures in 2012

No. 78: Zip Code 30157
Dallas
961 foreclosures in 2012

No. 84: Zip Code 30253
McDonough
942 foreclosures in 2012

No. 85: Zip Code 30228
Hampton
938 foreclosures in 2012

No. 90: Zip Code 30238
Jonesboro
931 foreclosures in 2013

News, Real Estate

Douglasville Businesses