Since 2005, Hapeville has seen significant gentrification, beginning with the Virginia Park neighborhood and then spreading throughout the city.

Hapeville has been discovered by young professionals seeking historic neighborhoods close to downtown Atlanta, and there has been a great deal of new residential construction, including single-family homes, townhomes, and upscale apartments.

[6] Hapeville is also home to the Dwarf House - the first Chick-fil-A restaurant which was totally rebuilt and greatly expanded in 2021, the original location's 4th incarnation.

According to the United States Census Bureau, the city has a total area of 2.4 square miles (6.2 km2), all land.

Korean Air Cargo's U.S. headquarters are in Hapeville, near the northeast corner of the Hartsfield-Jackson Atlanta International Airport.