Archives for September 2023

Welcome to the comprehensive overview of the Atlanta housing market, a region brimming with diversity and opportunities. The July 2023 Market Brief, curated by Atlanta REALTORS® and compiled by First Multiple Listing Service (FMLS), unveils insights into sales, prices, and trends for residential properties in Metro Atlanta. As we delve into this synopsis, we'll explore the demand, pricing dynamics, and supply landscape that define the Atlanta housing market.

ALSO READ: Georgia Housing Market Forecast

Atlanta Housing Market Trends

July Highlights

The July 2023 Market Brief, meticulously compiled by FMLS, casts a spotlight on monthly sales and home prices across Metro Atlanta. This synopsis encapsulates a spectrum of 11 counties, providing a comprehensive view of the region's real estate pulse. These counties include Cherokee, Clayton, Cobb, DeKalb, Douglas, Forsyth, Fulton, Gwinnett, Fayette, Paulding, and Rockdale.

Demand

In July, the residential sales recorded a figure of 4,717, marking a 20.1% decrease compared to the previous year. This data reflects the dynamic nature of the market and the interplay of various factors influencing buyer behavior.

Price Dynamics

The Atlanta housing market has experienced nuanced shifts in pricing trends. The median sales price in July stood at $420,500, showcasing a subtle 0.1% increase from the previous year. Meanwhile, the average sales price amounted to $510,500, reflecting a 2.6% uptick compared to the previous year. These fluctuations underscore the ever-changing nature of the real estate landscape in Atlanta.

Supply Landscape

Housing inventory is a crucial factor influencing the market's equilibrium. In July, the Atlanta area's housing inventory totaled 10,169 units, signifying a 20.5% decrease from July 2022. New listings followed suit, totaling 6,842, which represents a 23.0% decrease from July 2022 and a 10.4% decrease from the previous month. The month's supply over a 12-month period expanded to 2.1 months, highlighting evolving supply dynamics.

Are Housing Prices Dropping in Atlanta?

The Atlanta housing market has showcased a range of pricing dynamics. While average and median sales prices have experienced fluctuations, the market remains resilient. These fluctuations can be influenced by a variety of factors, including economic conditions, market demand, and housing inventory levels. It's essential to consider specific market segments and broader economic trends to assess the overall trend in housing prices in Atlanta.

Is It a Good Time to Buy Houses in Atlanta?

With the Atlanta housing market displaying a blend of pricing dynamics and evolving supply, the question of whether it's a good time to buy houses depends on individual circumstances and goals. Factors such as personal financial readiness, long-term investment plans, and current market trends all play a role in this decision. Engaging with real estate professionals and staying informed about market trends can help potential buyers make informed choices aligned with their objectives.

Market Forecast: Atlanta Housing Market

According to the National Association of Realtors, Atlanta is expected to be the top real estate market in 2023. Among the 179 metro areas analyzed by NAR, it was the only one to meet all 10 indicators such as housing affordability, employment conditions, and population growth.  The Atlanta metropolitan area continues to be more affordable than the majority of U.S. regions, with more than 20% of renters able to afford an average home purchase, according to a report.

The job market is healthy, with Apple, Microsoft, and Visa among the major West Coast tech corporations opening offices. Consequently, the region experiences huge migration gains and rapid population growth, leading to a surge in housing demand. According to the Atlanta REALTORS® Association, it is still a seller's market, so sellers who have waited or are prepared to sell can still realize profits over the previous year.

Is Atlanta a Seller's Housing Market?

The following Atlanta housing market trends are based on single-family, condo, and townhome properties listed for sale on realtor.com. Land, multi-unit, and other property types are excluded. This data is provided as an informational resource only.

The Atlanta housing market, known for its diverse neighborhoods and dynamic economy, is a topic of keen interest for buyers and sellers alike. Let's delve into the data to understand whether Atlanta is currently a seller's housing market, shedding light on the pricing dynamics, market conditions, and trends that define the city's real estate landscape.

Median Listing Home Price and Trends

The median listing home price in Atlanta, GA stood at $430K in July 2023, representing a year-over-year decrease of -3.6%. This statistic provides insight into the price trajectory of homes in the city, reflecting the market's recent shifts.

Sale-to-List Price Ratio and Market Balance

The sale-to-list price ratio, recorded at 100% for Atlanta, GA in July 2023, indicates that homes were sold at approximately the asking price on average. Additionally, the housing market in Atlanta is characterized as a balanced market for the same period. This equilibrium signifies that the supply and demand of homes are relatively aligned, offering opportunities for both buyers and sellers.

Days on Market and Neighborhood Insights

On average, homes in Atlanta, GA, were sold after 41 days on the market. This metric offers a glimpse into the pace at which properties are being bought and sold in the city. Furthermore, Atlanta boasts 205 neighborhoods, each with its unique character. From upscale Morningside – Lenox Park to affordable Collier Heights, the city's diverse neighborhoods cater to a range of preferences and budgets.

Fulton County and City Perspectives

Zooming in on Fulton County, which encompasses Atlanta, similar trends are observed. The median listing home price in Fulton County, GA was $440K in July 2023, marking a year-over-year decrease of -4.3%. The sale-to-list price ratio of 100% underscores the balanced market dynamics in Fulton County as well. Additionally, within the county's 17 cities, the range of median listing home prices offers a glimpse into the diversity of options, from Milton to Union City.

Based on the data presented, the Atlanta housing market demonstrates characteristics of a balanced market, where buyers and sellers find opportunities aligned with their goals. While pricing trends have witnessed fluctuations, the equilibrium between supply and demand bodes well for both parties. Whether you're considering buying or selling in Atlanta or Fulton County, staying informed about the market dynamics will empower you to make informed decisions and navigate the city's vibrant real estate scene with confidence.

Atlanta Rental Housing Trends

About 50% of the households in Atlanta, GA are renter-occupied. Atlanta rent prices plunged during the most severe period of the coronavirus outbreak when much of the city’s economy was locked down. It is supposed to have ended eight years of steady rent growth in the Atlanta housing market. Average rents were down 2.2% from March through May for the entire metro Atlanta market. The declines were sharpest in areas of Buckhead, Lindbergh, and Emory, Midtown but the suburban markets did not suffer much.

But the latest market reports show a fast pace recovery from the effects of the pandemic. According to Realpage.com's analysis, there's been a record apartment demand in Atlanta. The whole Georgia market claimed the nation’s top spot for apartment demand. Atlanta’s 3rd quarter demand tally of 9,008 units accounted for 87% of the market’s annual absorption in the year-ending September.

The rent prices are up whether you compare them annually or monthly. As of August 2023, the average rent for a 1-bedroom apartment in Atlanta, GA is currently $1,709. This is a 3% decrease as compared to the previous year. Over the past month, the average rent for a studio apartment in Atlanta decreased by -1% to $1,560. The average rent for a 1-bedroom apartment decreased by -2% to $1,709, and the average rent for a 2-bedroom apartment remained flat.

• Two-bedroom apartments in Atlanta rent for $2,280 a month on average (a 3% increase from last year).
• Three-bedroom apartment rents average $2,200 (a 3% decrease from last year).
• Four-bedroom apartment rents average $2,419 (a 7% decrease from last year).

The Zumper Atlanta Metro Area Report analyzed active listings across the metro cities to show the most and least expensive cities and cities with the fastest-growing rents. The Georgia one-bedroom median rent was $1,299 last month. Alpharetta was the most expensive city with one bedroom priced at $1,920 while Rome ranked as the most affordable city with one bedroom priced at $810.

The Fastest Growing Cities in The Atlanta Metro Area (Year-Over-Year) 

• Rome had the fastest growing rent, up 35% since this time last year.
• Decatur saw rent climb 15.3%, making it the second fastest growing.
• Athens was third with rent jumping 13%.

The Fastest Growing Cities in The Atlanta Metro Area (Month-Over-Month)

• Rome rent experienced the largest monthly growth rate, up 6.6%.
• Alpharetta saw rent climb 6.1%, making it second.
• Kennesaw was third with rent jumping 5.3%.

Atlanta Housing Market Forecast 2023-2024

Atlanta has been one of the hottest real estate markets in the country for years. It is also one of the hottest real estate markets for investing in rental properties. Population growth has had a positive impact on the housing market in Atlanta. Nearly 285,000 people moved to Georgia in 2019, according to the most recent data from the U.S. Census Bureau.

This migration has made possible the state's consistent ‘best state for business' rankings. Area Development magazine named Georgia No. 1 for business – for seven straight years (2014-20). Nine out of 10 Fortune 500 companies have operations in Georgia – and 18 of these have made Georgia their world headquarters.

Much of this migration is driven by the strong business environment in Atlanta and the relative affordability of the city. Its robust knowledge-based economic ecosystem attracts new talent to the city. The net migration has led to an ever-increasing demand for housing in Atlanta which cannot be met with the current pace of new construction.

The Atlanta housing market has a housing shortage which will continue to contribute to increasing prices. Atlanta home prices on average are less expensive than the national average. Despite being below the national average, Atlanta home prices have more than doubled since 2012, and are projected to continue increasing.

According to a report released by the National Association of Realtors in December, Atlanta will be the nation's leading real estate market in 2023. Atlanta topped the association's list of markets to watch in 2023 based on its performance in 10 key indicators, such as housing affordability, employment conditions, and population growth, relative to the national average.

The Atlanta housing market is a dynamic tapestry of trends and possibilities, and understanding its future trajectory is essential for both buyers and sellers. Let's delve into the Atlanta-Sandy Springs-Roswell area's housing market forecast, unveiling insights that provide a glimpse into what the coming months hold for this vibrant region.

Current Market Snapshot

According to Zillow, as of July 31, 2023, the average home value in the Atlanta-Sandy Springs-Roswell area stands at $374,163. This figure reflects a 0.7% decrease over the past year, signifying shifts in market dynamics that merit exploration.

Homes in this region are known for their swift movement, typically going pending in around 13 days. This rapid pace illustrates the high demand and competitive nature of the Atlanta housing market.

Market Forecast

The 1-year market forecast serves as a valuable compass, guiding potential buyers and sellers. As of July 31, 2023, the forecast presents a promising 7.2% increase, indicating an anticipated rebound and growth in the near future. This projection underscores the resilience and attractiveness of the Atlanta-Sandy Springs-Roswell housing market.

Sales Metrics

An examination of sales metrics provides a deeper understanding of market dynamics. The median sale to list ratio, recorded as 1.000 on June 30, 2023, suggests that homes were sold close to their listing prices, reflecting a competitive market environment.

Of the sales recorded on June 30, 2023, 37.9% were sold over the list price, showcasing the demand-driven nature of the market. Similarly, 40.4% of sales were under the list price, highlighting the varied pricing strategies employed by sellers.

Time to Pending and Conclusion

The median days to pending, as of July 31, 2023, is 13 days. This statistic reinforces the swift pace at which homes are being sought after and acquired, underscoring the urgency and strong demand within the market.

Hence, the Atlanta housing market forecast showcases a blend of data points that offer insights into future possibilities. With an anticipated growth trajectory, competitive sales metrics, and swift pace of sales, the Atlanta-Sandy Springs-Roswell region remains a focal point for real estate activity. Whether you're considering buying, selling, or investing, staying well-informed about these trends will empower you to navigate the Atlanta housing market effectively and make decisions that align with your objectives.

Will Atlanta Housing Prices Go Down?

These numbers can be positive or negative depending on which side of the fence you are — Buyer or Seller? The constraint on available inventory is keeping the Atlanta real estate market skewed to sellers. Atlanta and the entire metro area market is hot that it cannot shift to a complete buyer’s real estate market, for the long term. The Atlanta real estate market benefits from a large and robust economy.

According to the data insights provided by the Bureau of Economic Analysis, the Atlanta metro area was the tenth-largest in the U.S. and among the top 20-largest in the world (in 2020). The housing demand in Atlanta is still high across the 11-county metro area. To counter the effects of this ongoing crisis, FED did an emergency rate cut which put rates at their lowest level in the last 50-year span.

In a balanced real estate market, it would take about five to six months for the supply to dwindle to zero. In terms of months of supply, Atlanta can become a buyer’s real estate market if the supply increases to more than five months of inventory. And that’s not going to happen. This housing market is skewed to sellers due to a persistent imbalance in supply and demand. The current inventory stands at around 1.9 months which favors property sellers.

Whether you’re looking to buy or sell, timing your local market is an important part of real estate investment. For buyers in Atlanta, the mortgage rates were at their lowest last year, so they took advantage of scooping up their favorite deals which otherwise were taken away by seasoned investors in the bidding wars.

The rising interest rates are already leading to a decrease in mortgage applications. If you are still able to purchase a property whether for investment or personal, we would recommend you do so sooner rather than later because it will only get harder down the road as they make access to credit even more difficult later on. Keep leveraging the credit while you still can and have that money work for you.

Atlanta Real Estate Investment: Where To Buy Atlanta Rental Properties?

Is Atlanta real estate overvalued? Let’s talk a bit about Atlanta and the surrounding metro area. Atlanta is a minimally walkable city in Fulton County with a population of approximately 524,000 people. Atlanta is currently growing at a rate of 1.67% annually and its population has increased by 24.78% since the most recent census, which recorded a population of 420,003 in 2010. Atlanta reached its highest population of 524,067 in 2021.

In 2013, its metropolitan area surpassed the 5.5 million mark for the first time. While growth is slower than it was in the 1990s and early 2000s, it is faster than the previous year and is expected to continue as Atlanta attracts new residents.

Atlanta has a mixture of owner-occupied and renter-occupied housing units. According to Neighborhoodscout.com, a real estate data provider, one and two-bedroom large apartment complexes are the most common housing units in Atlanta. Other types of housing that are prevalent in Atlanta include single-family detached homes, duplexes, rowhouses, and homes converted to apartments.

The Atlanta real estate market has had steady growth over the past several years which makes it a great place to live as well as invest in. Located in the state of Georgia, the city of Atlanta is a hotspot for any type of real estate investing. It is a city with an incredible amount of upside.

The cost of living in Atlanta is reasonable when compared to other big cities like Los Angeles or New York. Everybody loves the low cost of living in Atlanta but the students especially appreciate it making it one of the top rental markets in the United States. This factor alone draws young professionals priced out of those pricier markets.

If you are a savvy investor, you must be aware of the fact that Atlanta real estate has a record of being one of the best long-term investments in the nation. As an investor, you can buy a fully renovated turnkey rental property in Atlanta. It would be the best option for novice real estate investors looking for a steady rental income. Atlanta is a favorite place to live in for millennials who prefer renting over owning.

In the last five years, Atlanta’s job growth averaged 2.3 percent annually, outpacing the national average of 1.6 percent. The attractive cost of living and a multitude of jobs in various industries has made Atlanta one of the hottest residential and labor markets in the country. It continues to grow in terms of population and employment. The population of Atlanta is predicted to reach 8 million by 2040, according to a survey conducted by the Atlanta Regional Commission.

This will further increase rental demand in Atlanta. Atlanta is Georgia’s capital and economic center. It is considered one of the 10 most productive states that contribute to the 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.

Atlanta has shown promising population growth and employment, which are two signs of a healthy real estate market. In the Atlanta metropolitan area, the leisure and hospitality industry had the largest employment gain from October 2018 to October 2019, up 14,700, or 4.9 percent. Local job gains occurred primarily in the food services and drinking places subsector (+11,400). Nationwide, employment in the leisure and hospitality industry rose 2.3 percent over the year.

Top Reasons To Invest In The Atlanta Real Estate Market?

Atlanta is one of the Top Rental Markets in the U.S. Home prices are less expensive than the national average. Newly renovated turnkey properties with tenants. Turnkey Investment Properties starting at $100,000. Up to 10% Cap Rate. 500 people move to Atlanta every day! 8 million people were expected by 2040 (Atlanta Regional Commission). Key industries include Health Care, Professional, Scientific, Technology & Logistics. Local Rate of Employment Growth Above the National Average (Bureau of Labor Statistics). Atlanta is one of the five markets poised to eclipse Silicon Valley as a national center of technology growth (Forbes).

Buckhead Heights, Atlanta, GA

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 $296,500 and the median rent is $1,809. About 59% of the residents like to rent in this neighborhood.

Hanover West, Atlanta, GA

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 $298,736, while rent prices are approximately $1,190. These rates are considerably worth more when compared to the national average home value and rent prices which are $184,700 and $949, respectively.

Collier Hills North, Atlanta, GA

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 on this list as it is given a 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. The cost of living is known to have a grade of B-. The median home value in Collier Hills is $715,177. Collier Hills' home values have gone up 2.4% over the past year and Zillow predicts they will fall -1.3% within the next year. The median cost of rent is approximately $1,289, higher than the national average of $949. Most residents have chosen to buy their homes, instead of rent. Collier Hills is one of the best suburbs to invest in the Atlanta real estate market.

Brookwood, Atlanta, GA

A more extensive neighborhood, Brookwood Atlanta consists of 6,046 people with children compromising 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 $349,879 and a median rent of $1,432. Given those estimates, it is not a surprise to find that 61% of its resident choose to rent their homes whereas only 39% own their houses. Due to the high population of renters, the Brookwood neighborhood is a great choice to invest in Atlanta rental properties. 

Cross Creek, Atlanta, GA

Cross Creek's neighborhood has located near the Atlanta Memorial Park, with a population of approximately 2,143 residents. In the past year, the 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 $192,795. while the median rent is $1,369. Surprisingly, statistics show that homeowners and renters are split in the area at exactly 50% for both. It is also considered to be a good place to live in Atlanta. Investing in Atlanta rental properties in this neighborhood would be a good investment decision.

Hills Park, Atlanta, GA

Hills Park is another good neighborhood of Atlanta with a population of approximately 54,152. Similar to the other neighborhoods, most of the residents in Hills Park Atlanta have obtained a bachelor’s degree, having a percentage of 45%. White-Collar employment amounts to 86.47 %. The median household income of this area is $47,918. 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 the quality of education with a degree of A. The three remaining schools receive an A-. Hills Park is rated 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 occur 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 $305,162. and the median rental price of homes in this area is $1,526. Even so, the majority of residents choose to own their homes. 52% of its residents own their homes, while 48% are renting them. Hills Park is one of the best places for living in Atlanta and can be chosen for investing in rental properties.

Midtown Atlanta, GA

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. Midtown is home to some of Atlanta's priciest apartments. It is a large area of Atlanta immediately north of Downtown with many sites and activities. The skyscraper district aligns with Peachtree Street. To the east of Peachtree Street is Piedmont Park, and to the west are 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 are 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 have 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 $355,944 and the median rental price is $1,444. 55% of its population chose to rent their homes, while the remaining 44% own them. According to Zillow, Midtown Atlanta's home values have gone up 2.4% over the past year. Therefore, Midtown can be considered for investing in Atlanta rental properties. 

Candler Park, Atlanta, GA

Candler Park is a 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. According to Point2homes.com, the total population of this neighborhood is 19,652. Similar to the other neighborhoods, public school education in this Candler Park Atlanta has a score of B from Niche.com. 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. A review indicated that in the case of reported criminal activity, police officers are quick to respond. Its median home value is the second-highest on the list, which is estimated to be $450,226. On the other hand, the median rent in this area amounts to $1,222.

The median household income is $100,885. The majority of the residents own their houses, consisting of 60% of the population. The remaining 40% choose to rent their homes. Given the fact that Candler Park is ranked among the best places to live and raise a family in Atlanta, we recommend this neighborhood for investing in rental properties for the long term. According to Zillow, Candler Park home values have gone up 3.6% over the past year.

North Buckhead, Atlanta, GA

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 a population of 10,848, according to Point2homes.com. Despite its large community, it has a grade of A- regarding ethnic and economic diversity on Niche.com.

North Buckhead is an uptown commercial and residential district of Atlanta, Georgia. It mostly consists of large single-family homes that are situated among dense forests and rolling hills. As far as crime is considered, much of Buckhead is considered to be safe, except for the Lindbergh neighborhood.

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 $588,242. The median rent price is $1,474. The median household income of people in this area is $134,673. Even so, 53% own their homes while 47% rent them. That's almost half of the total population. North Buckhead home values have gone up 0.2% over the past year and Zillow predicts they will fall -2.3% within the next year. Although the home prices are quite high, this neighborhood is currently a buyer's market and this is the right time to invest in a property.

North Springs, Atlanta, GA

North Springs is a quiet neighborhood and has amazing proximity to everything you could want. It is located in the famous city of Sandy Springs which is the most expensive neighborhood in Atlanta. It is a city in northern Fulton County, Georgia, United States, and part of the Atlanta metropolitan area. Both The North Springs and Sandy Springs Stations were opened on December 16, 2000, as part of MARTA's most recent expansion, adding two more stations north of the Dunwoody Station.

The market temperature is neutral at the moment. It is a balanced real estate market. The median home value in Sandy Springs is $512,458. Sandy Springs home values have gone up 2.3% over the past year and Zillow predicts they will fall -2.0% within the next year. The median household income is around $84,000 and a40% of the population like to rent a house in this neighborhood of Atlanta.

Purchasing the best 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 quality real estate in Atlanta when you decide to buy investment properties in the neighborhoods listed above. 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 good decision 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 above-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. Good cash flow from Atlanta rental property means the investment is, needless to say, profitable. On the other hand, a bad cash flow means you won’t have money on hand to repay your debt. Therefore, finding a good Atlanta real estate investment opportunity would be key to your success.

When looking for real estate investment opportunities in Atlanta or anywhere in the country, the generally accepted standard is to purchase a property that will give you a modest but minimum 1% profit on your investment. An example would be: at $120,000 mortgage or investment cost, $1200 per month rental. That would be the ideal equation for example. Even with rent increases, buying a $500,000 investment property in Atlanta is not going to get you $5000 per month on rent.

When looking for the best real estate investments in Atlanta, you should focus on neighborhoods with relatively high population density and employment growth. Both of them translate into high demand for housing. If housing supply meets housing demand, real estate investors should not miss the opportunity since entry prices of homes remain affordable. The neighborhoods in Atlanta must be safe to live in and should have a low crime rate.

The neighborhoods should be close to basic amenities, public services, schools, and shopping malls. A cheaper neighborhood in Atlanta might not be the best place to live in. A cheaper neighborhood should be determined by these factors – Overall Cost Of Living, Rent To Income Ratio, and Median Home Value To Income Ratio. It depends on how much you are looking to spend and if you are wanting smaller investment properties or larger deals in Class A neighborhoods.

Atlanta, Georgia Real Estate Investment Opportunities

Buying or selling real estate, for a majority of investors, is one of the most important decisions they will make. Choosing a real estate professional/counselor continues to be a vital part of this process. They are well-informed about critical factors that affect your specific market areas, such as changes in market conditions, market forecasts, consumer attitudes, best locations, timing, and interest rates.

NORADA REAL ESTATE INVESTMENTS has extensive experience investing in turnkey real estate and cash-flow properties. We strive to set the standard for our industry and inspire others by raising the bar on providing exceptional real estate investment opportunities in many other growth markets in the United States. We can help you succeed by minimizing risk and maximizing the profitability of your investment property in Atlanta.

Consult with one of the investment counselors who can help build you a custom portfolio of Atlanta turnkey properties. These are “Cash-Flow Rental Properties” located in some of the best neighborhoods of Atlanta.

Not just limited to Atlanta or Georgia but you can also invest in some of the best real estate markets in the United States. All you have to do is fill up this form and schedule a consultation at your convenience. We’re standing by to help you take the guesswork out of real estate investing. By researching and structuring complete Atlanta turnkey real estate investments, we help you succeed by minimizing risk and maximizing profitability.

Georgia's real estate market is a great place to invest in real estate. You can also invest in Savannah real estate market. Savannah, Georgia is separated from South Carolina by the namesake Savannah River. This means the Savannah housing market includes quite a few people living in South Carolina. The Savannah real estate market includes roughly 350,000 people. This makes it the third-largest metropolitan area in Georgia. If you take the de facto suburbs on the Carolina side, these small towns put half a million people in the larger Savannah metro area.

Georgia is bordered to the north by Tennessee and North Carolina, to the northeast by South Carolina, to the south by Florida, and to the west by Alabama. All of these states have some of the best real estate markets where you can buy rental properties.

Charlotte is one such place that we would recommend. Charlotte is the largest city in North Carolina. The city proper is home to more than 800,000 people. The Charlotte Metropolitan Statistical Area is even larger – home to roughly two and a half million people.

It is one of the country’s fastest-growing metro areas, and it was the second fastest-growing city in the southeastern United States. Buying real estate in Charlotte is a good investment, depending upon several factors.

There are so many major companies and professional sporting events that people will always be interested in residing here. Therefore, interested investors aren't likely to allow the listing prices to get too low before they swoop in and take advantage.

On the west of GA is the state of Alabama. Birmingham, Al has seen an upward trend in terms of its population growth. One factor that has led to this increase is its rich nature of mountainous ridges and a good share of physical scenery.

Since its year of discovery, the city has been an educational center of the state of Alabama and has been the favorite destination of many educational aspirants who come here to seek the careers of their choice. Hundreds of schools have been set up in the city of Birmingham and several top-notch universities.

The city's ever-growing population shows a need for real estate investments and developments for the good of the new growing population. There are several good reasons to invest in Birmingham properties.

Let us know which real estate markets in the United States you consider best for real estate investing! 

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Remember, caveat emptor still applies when buying a property anywhere. Some of the information contained in this article was pulled from third-party sites mentioned under references. Although the information is believed to be reliable, Norada Real Estate Investments makes no representations, warranties, or guarantees, either express or implied, as to whether the information presented is accurate, reliable, or current. All information presented should be independently verified through the references given below. As a general policy, Norada Real Estate Investments makes no claims or assertions about the future housing market conditions across the US. 

References:

Market Prices, Trends & Forecasts
https://www.gamls.com/statistics
https://www.atlantarealtors.com/
https://www.zillow.com/atlanta-ga/home-values
https://www.atlantarealtors.com/Resource-Center/abr-market-brief.aspx
https://www.realtor.com/realestateandhomes-search/Atlanta_GA/overview
https://www.realwealthnetwork.com/markets/atlanta-georgia
http://www.metrodepth.com/atlanta/
http://www.justluxe.com/travel/atlanta-news__1899269.php
https://www.bizjournals.com/atlanta/news/2020/06/15/metro-atlanta-housing-sales-tumble-37-may.html
https://atlanta.curbed.com/2020/3/17/21182334/coronavirus-atlanta-home-buying-real-estate-covid-19

Foreclosures
https://www.realtytrac.com/statsandtrends/ga/fulton-county/atlanta

Neighborhoods & Statistics
https://www.niche.com/places-to-live/search/best-neighborhoods/t/atlanta-fulton-ga
https://www.homesnacks.net/richest-neighborhoods-in-atlanta-128964
https://www.point2homes.com/
https://www.zillow.com/