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January 11th, 2018 by Marco Santarelli
Should You Invest In Atlanta Real Estate Market
If you are looking to buy an investment property in the Atlanta Real Estate Market, it is only common that you are on a constant chase for the best neighborhoods to choose in the housing market of Atlanta, GA. You must also know about the Atlanta Real Estate Market Forecast in 2018, including its upsides and downsides. One of the investment properties that you can buy is a turnkey rental property, which is a completely practical option for new real estate investors who do not know how to fix and flip in real estate. In any case, before you can choose whether it is the correct investment option for you, you need to learn about turnkey property investing.
Should you invest in Atlanta Real Estate Market? Located in the state of Georgia, the city of Atlanta is a hotpot for any type of real estate investment. Atlanta has shown promising population growth and employment, which are two signs of a healthy real estate market. You can purchase investment properties in Atlanta for as low as $127,000. Comparing that to the national average, which is $152,000, that’s a pretty significant deal!
Let’s take a look at some of the best suburbs in Atlanta that you might want to consider looking into. Here are the best neighborhoods in Atlanta, which have an overall Niche grade of A or A+. We’ll be taking a look at some of the important details of these neighborhoods of Atlanta: from population to crime rates to average real estate prices.
Atlanta Real Estate Market Forecast 2018
Metropolitan Statistical Area (MSA) represents the current U.S. defined sampling area or region for reporting data to various local and state governments. MSAs may cross county and state lines to form a qualified statistical region.
Atlanta Real Estate Market Statistics
Atlanta House Prices Trend
According to Trulia:
According to realestate.com and altosresearch.com:
Atlanta Real Estate Market – Inventory Trends
Atlanta Real Estate Market – Average Days on Market
Information by realestate.com and altosresearch.com are deemed reliable but not guaranteed.
What Are The Best Places To Live In Atlanta GA in 2018
Below is the list of the 10 best places to live in Atlanta GA. If you want to buy a house or an Atlanta Investment Property,this list of 10 best suburbs in Atlanta is gonna help you a lot. It will help you in selecting the best and safest neighborhoods for your investment property in the Atlanta Real Estate Market.
Is Buckhead Heights a Good Place To Live in Atlanta
The urban neighborhood of Buckhead Heights has a population of roughly 2,130 people. Residents have been ranked as A, based on ethnic and economic diversity, with many of its residents having bachelor’s or master’s degrees. The average resident earns approximately $93,009. However, the cost of living falls into a grade of B.
There are at least 23 public schools that serve this neighborhood; three having ranked as A-. They are the Smith Elementary School, and the Atlanta Neighborhood Charter School for Elementary, and Middle school. Public education is given the grade of B.
Crime rates are pretty low in this area as it is given the grade of B. In the category of violent crimes, only 47 cases of robberies are reported per year. Unfortunately, the Buckhead Heights neighborhood has some property crime cases.
The median value of the homes in this neighborhood is $250,500, twice as large as the national average. On the other hand, the median rent is at $ 1,785. As of this writing there are roughly 61 properties available and listed on Trulia, and 106 homes available on Realtor.com. Buckhead Heights suburb is ranked one of the best in Atlanta Real Estate Market.
Is Hanover West a Good Place To Live in Atlanta
Located in the northern part of Atlanta, Hanover West was deemed the #1 best neighborhood in the city by neighborhood and school-rating website Niche. With a population of roughly 2,930 people, most residents appear to be young adults with bachelor’s degrees. Regarding ethnic and economic diversity, Niche.com rates Hanover West at a grade of B.
Moreover, Hanover West Atlanta has been considered to be one of the safest neighborhoods, with few to no recorded violent crimes in the past year. On average, Hanover West has seen 63 burglary and theft incidents per 100,000 residents.
With about 13% of its population being children, there are about 23 public schools around the area. School ratings average at a B, with the best performing public schools being the Atlanta Neighborhood Charter School for Kindergarten through 8th grade. Its middle school campus is ranked #1 as the best charter school in Georgia.
The median value of homes in this neighborhood is around $222,740, while rent prices are approximately $1,160. These rates are considerably worth more when compared to the national average home value and rent prices which are $178,600 and $928, respectively. Currently, there is only 1 available listing on Realtor.com and Trulia. Hanover West is a great place of Atlanta Real Estate Market.
Is Collier Hills North a Good Place To Live in Atlanta
The lovely neighborhood of Collier Hill North has a population of 3,561 and has a grade of A- regarding ethnic and economic diversity. The median household income of this area is calculated to be $68, 569, and approximately 36% of residents have obtained a bachelor’s degree.
Niche.com gave public school education a grade of B-. Of the 23 public schools in this area, two are graded A-. Additionally, Collier Hills North is one of the safest neighborhoods in this list as it is given the grade of A+. There are no reported violent crimes in the area, and only an average of 52 petty crimes are committed under the theft and burglary category.
Cost of living is known to have a grade of B-. The median house value of this neighborhood is high. It has a recorded price of $238,063, compared to the national average of $178,600. The median cost of rent is approximately $1,142, higher than the national average of $928. Most residents have chosen to buy their homes, instead of rent. Collier Hills is a one of the best suburbs to invest in Atlanta Real Estate Market.
Is Brookwood Neighborhood a Good Place To Live Atlanta
A more extensive neighborhood, Brookwood Atlanta consists of 6,046 people with children compromising of 5% of the total population. 48% of its residents are noted to obtain bachelor’s degrees. Regarding median household income, residents of Brookwood earn an outstanding $74,057 annually. It has a grade of A for ethnic and economic diversity.
On the other hand, the grade of public school education in this area is a B-. However, among the 26 schools that serve this area, five public schools have a class of at least A. The Grady High school, Atlanta Neighborhood Charter School of both the Elementary and Middle school campuses receive a grade of A. The Inman Middle School and Springdale Elementary School both received a grade of A-.
Brookwood Atlanta has been given a grade of A- regarding crime and safety. In terms of violent crimes, 19 cases of robbery are estimated to occur per 100,000 in a year. However, Brookwood has many instances of petty crimes in its neighborhood.
Despite these grades, Brookwood Atlanta has a median home value of $263,191. Renting a home or apartment in this neighborhood may cost you $1,274. Given those estimates, it is not a surprise to find that 63% of its resident choose to rent their homes. Only 37% own their houses, so a great area to invest in the Atlanta Real Estate Market.
Is Cross Creek a Good Place To Live in Atlanta
The neighborhood of Cross Creek is located nearby the Atlanta Memorial Park, with a population of approximately 2,960 residents. In the past year, website Niche.com has rated it as one of the best places for millennials in the Atlanta area. The neighborhood boasts a high diversity rating based on ethnicity and economic status. Most residents appear to be young adults and adults up to 30 years old with bachelor’s degrees. Only 9% of its population is children.
Cross Creek was given a crime & safety rating of B by Niche.com. Per 100,000 residents, there have been some violent crimes, although all below the national average. As for its motor vehicle theft cases, the neighborhood appears to have a higher-than-average count of 511 cases, compared to the national average of 263.
That being said, Cross Creek housing was given a rating of A-, with its median home value being estimated at $146,470. Median rent comes up to $1,174. Surprisingly, statistics show that homeowners and renters are split in the area at exactly 50% for both. There are currently 16 houses listed in Realtor.com available for rent or purchase. It is a good place to invest in the Atlanta Real Estate Market.
Is Hills Park a Good Place To Live in Atlanta
Hills Park Atlanta is another neighborhood with a larger population. It has a population of 4, 820 people, with 14% considered children. Similar to the other neighborhoods, most of the residents in Hills Park Atlanta have obtained a bachelor’s degree, having a percentage of 45%. The median household income of this area is a considerable $81, 604.
Public school education is given a rank of B-, with 30 public schools serve this area. Among these selections, four schools are given a grade of A- and above. Grade High School has the highest rank regarding thequality of education with a degree of A. The three remaining schools receive an A-.
Hills Park’s is graded B+ on crime and safety. Only 84 cases of robbery are reported per 100,000 residents in one year. However, a considerable number of petty crimes occurs in this area, the majority of them falling under the category of theft. Nonetheless, it is known as a safe neighborhood among folks.
Hills Park Atlanta has a median home value of $224,521. On the other hand, the rental price of homes in this area costs $1,377. Even so, the majority of residents choose to own their homes. 52% of its residents own their homes, while 48% are renting it. Hills Park is one of the best places to choose for investing in the Atlanta Real Estate Market.
Is Midtown Atlanta a Good Place To Live
Midtown Atlanta is the second largest business district in the city of Atlanta, situated between the commercial and financial districts of Downtown to the south and Buckhead to the north. It is a large area of Atlanta immediately north of Downtown with many sites and activities. The skyscraper district aligns Peachtree Street. To the east of Peachtree Street is Piedmont Park, and to the west is Atlantic Station and the Georgia Tech campus area. With a population of 22, 539, the neighborhood of Midtown Atlanta is the largest in terms of population. Only 5% of the total population are children. Like the other neighborhoods, people with a bachelor’s degree is the largest among education levels, consisting of 38% of the population. The middle-class household income in this area is $74,194, which is considerably lower compared to the other neighborhoods. Ethic and economic diversity are graded A.
Public school education receives a grade of B-. 28 public schools serve this neighborhood, and six of them has been given a grade of A- and higher. Grady High School boasts the highest grade received, which is A. The remaining schools all receive A-.
Unfortunately, Midtown Atlanta has a low score on the crime and safety portion. With a grade of C, the neighborhood has a lot of recorded violent and property crimes. Nonetheless, residents claim that Midtown is the “pulse of the city”, highlighting that living here is a great experience. Likewise, it gained a high rating in the nightlife category.
With these ratings, the median home value of this Midtown Atlanta is at $276,125. Median rental price, on the other hand, is $1,224. 56% of its population chose to rent their homes, while the remaining 44% own it. Midtown is definitely one of the best places to choose for investing in the Atlanta Real Estate Market.
Is Candler Park Atlanta a Good Place To Live in Georgia
Candler Park is city park located at 585 Candler Park Drive NE, in Atlanta, Georgia. According to Wikipedia It is named after Coca-Cola magnate Asa Griggs Candler, who donated this land to the city in 1922. Candler Park Atlanta is another large neighborhood regarding population. The total number of residents all amount to 5,723. It has one of the highest percentages of children on this list, with 20% of its population. However, in the matters of ethnic and economic diversity, it has the lowest grade among all, which is B.
Similar to the other neighborhoods, public school education in this Candler Park Atlanta has a score of B. Even so, among 26 public schools that serve this area, six of them have a rating of at least A-. Grady High School has a grade of A, making it the highest quality public school in the area. The other schools are graded with a score of A.
Regarding crime and safety, Candler Park Atlanta fares as well as Midtown. It has a grade of C+ and many recorded cases of violent and property crimes. Even so, a review indicated that in case of reported criminal activity, police officers are quick to respond.
Its median home value is the second highest in the list, which is estimated to be $450,226. On the other hand, the median rent in this area amounts to $1,222. Majority of the residents own their houses, consisting 59% of the population. The remaining 41% choose to rent their homes making it a great option for investing in the Atlanta Real Estate Market.
Is North Buckhead Atlanta a Good Place To Live in Georgia
North Buckhead Atlanta is a neighborhood in the Buckhead district, at the northern edge of the city of Atlanta, Georgia, and is one of Atlanta’s most affluent neighborhoods. North Buckhead Atlanta is also the second largest neighborhood in terms of population. It has 13,427 residents with 23% of it labeled as children. Despite its large community, it has a grade of A- regarding ethnic and economic diversity. The median household income of people in this area is $112,365.
North Buckhead Atlanta has a higher score on the portion of public school education quality. With a grade of B, 35 public schools serve this area. Though only six of them have a rating of A-. These schools are Atlanta Neighborhood Charter School, The Main Street Lower Academy, Riverwood International Charter School, Smith Elementary School, and Jackson Elementary School.
The crime and safety portion has a bit lower score of B-. The area has numerous reported cases of violent and property crimes. Nonetheless, reviewers describe the region as a “truly great place to live, work, and play.”
North Buckhead Atlanta has the highest median home value on the list with $469,739. Meanwhile, its median rent costs only $1,236. Even so, 65% own their homes while 35% rent it, making it one of the top places to invest in the Atlanta Real Estate Market.
Is Woodfield Atlanta a Good Place To Live in Georgia
The neighborhood of Woodfield Atlanta is found right next to Atlanta’s Memorial Park. It’s said to be one of the safest neighborhoods in the city, with few to no recorded cases of violent crimes in the past year. Its safety has made it a great neighborhood for families to consider, with Niche.com giving it a rating of A+ for families.
With safety considered, it’s no wonder that more than 90% of its roughly 2,720 residents have chosen to purchase their houses instead of own it. An estimated 27% of its residents are children, with 23 nearby public schools with an average rating of B from Niche.com.
Unfortunately, the community of Woodfield Atlanta does not see much diversity, given a rating of only C+ based on ethnicity and economic status. Median household income is high at $148,000, indicating that high-income families live in the neighborhood. Median home value is a whopping $642,661 as reported by Niche.com. Median rent is estimated at $2,167. Currently, there is only one house listed as available for purchase on Trulia.com. It can be considered to own and rent an investment property in the Atlanta Real Estate Market.
Atlanta Investment Properties For Sale
Purchasing top of the line turnkey investment properties in Atlanta appears to be on the pricier end. However, this is because you’re also purchasing other positive aspects of the estate such as security, and community diversity. You’re paying for a quality real estate in Atlanta when you decide to buy investment properties in these neighborhoods.
One disadvantage may come from families looking for premier schools for their children. Most of the schools surrounding the neighborhoods listed in this article are given ratings of B on Niche.com. Considerably, it may be a not so gooddecision for parents who want their children to attend the best schools in the country.
That being said, Atlanta appears to be a wise choice of city for the youth. In many of the mentioned neighborhoods, their residents seem to be young adults, based on their educational attainment. Likewise, Atlanta has come to be a bustling economic center. This is an advantage for people looking to begin or improve their careers.
For latest inventory of Atlanta Investment Properties For Sale – click on the link.
Overall description of Atlanta Investment Properties For Sale:
Atlanta Real Estate Market – Conclusion
Atlanta is Georgia’s capital and economic center. It is considered as one of the 10 most productive states that contribute to USA’s GDP annually. As the city continues to go through an economic boom, prices of turnkey properties in Atlanta are forecasted to increase in the following years. People will want to beat out the competition and purchase soon if they’re looking to develop a successful career, surrounded by a diverse community, especially for today’s youth.
We recommend 7 other real estate markets for turnkey rental property investing:
https://www.niche.com/places-to-live/search/best-neighborhoods/t/atlanta-fulton-ga/ https://www.trulia.com https://www.realtor.com/ https://www.realwealthnetwork.com/markets/atlanta-georgia/ http://www.justluxe.com/travel/atlanta-news__1899269.php https://www.homesnacks.net/richest-neighborhoods-in-atlanta-128964/
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