Whether you’re looking to buy or sell, timing your local market is an important part of real estate investment. This article has been updated to reflect recent changes in the Atlanta real estate market. The Atlanta housing market has had a steady growth over the past several years that makes it a great place to live as well 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. 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.
Since 2015, the median home prices in Atlanta have appreciated by roughly 57% from $184,000 to $288,746, according to Zillow’s data. 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. 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. Attractive cost of living and 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 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.
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.
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! The real estate appreciation rate in Atlanta in the latest quarter was around 2.9% which equates to an annual appreciation rate of roughly between 11% to 12.5%. Even small changes in the appreciation rate can change the long-term value of buying considerably.
Why Should You Invest In Atlanta Real Estate?
Impact of Novel Coronavirus On The Atlanta Housing Market
As you know, the COVID-19, a disease caused by a novel coronavirus, has the impacted the whole world, and the U.S. is no exception. With social distancing becoming a way of life across the country, Atlanta’s tourism industry is expected to take a considerable hit in light of this deadly pandemic.
Many big events like NCAA basketball tournament have already been cancelled to avoid spreading of infection among huge crowds. The local businesses are feeling the brunt of the outbreak, too. The economy is bound to be hit in the short term. However, Atlanta’s housing market is not getting effected.
The housing demand in Atlanta is still high, according to online real estate brokerage SimpleShowing. 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. The low interest rates are already leading to an increase in mortgage applications.
Buyers looking to this opportunity to invest or buy a house. Low interest rates coupled with Atlanta’s solid job market could be a boon for the local real estate market even in the time of Covid-19 pandemic. Keeping aside the temporary effects of Covid-19 which would hopefully end in a few weeks, the Atlanta housing market is strong. There are no signs of weakness in the Atlanta real estate market yet. Therefore, we’d be discussing about the market statistics without taking into account virus-related disruptions – there’s too much uncertainty at the moment regarding the extent of outbreak in the country.
Let’s learn more about the factors that make Atlanta a good place to invest in real estate. Real estate prices are deeply cyclical and much of it is dependent on factors you can’t control. Please note that there are many variables that can potentially impact the value of a home in Atlanta in 2020 (or any other market) and some of these variables are impossible to predict in advance. This article has been updated to reflect recent changes in the Atlanta housing market.
Atlanta Real Estate Market Forecast 2020 – 2021
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. What are the Atlanta real estate market predictions for 2020? Atlanta home prices on average are less expensive than the national average of $230,000. Despite being below the national average, Atlanta home prices have more than doubled since 2012, and are projected to continue increasing.
Let us look at the price trends recorded by Zillow over the past few years. In the last twelve months, the Atlanta real estate has appreciated by 3.3%. The latest Atlanta real estate market forecast is that the home prices will continue to increase by 4.7% – in the next twelve months. The latest real estate data from Zillow shows that the current median home value in Atlanta is $288,746.
Atlanta is currently a buyer’s real estate market. This means you can probably buy a home for less than list price, and the seller might be willing to pay some or all of your closing costs. Zillow reports that 15.9% of the listings in Atlanta had a price cut in Jan 2020. When there are more homes available for sale than buyers to purchase them, those buyers are enjoying a cold market.
Here is the Atlanta real estate price appreciation graph by Zillow. It shows us the current home price appreciation forecast of 4.7% till Feb 2021.
Below is home price forecast for Atlanta, GA from MSA. 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.
|Next 24 Months||Next 36 Months||Next 48 Months||Next 60 Months|
Graph Showing Median Home Price Trend in Atlanta, GA
Atlanta Housing Market Forecast 2021
Here is a short and crisp Atlanta housing market forecast for the 3 years ending with the 3rd Quarter of 2021. The accuracy of this forecast for Atlanta is 85% and it is predicting a positive trend. The LittleBigHomes.com estimates that the probability for rising home prices in Atlanta is 85% during this period. If this price forecast is correct, the Atlanta home values will be higher in the 3rd Quarter of 2021 than they were in the 3rd Quarter of 2018.
Check this page each quarter for updates to the Atlanta Housing Market Forecast.
Atlanta Housing Market Trends
Is Atlanta real estate overvalued? Analyzing real estate data from multiple sources gives us a much broader perspective of the direction in which a market is moving. We shall now discuss some of the most recent housing trends in the Atlanta area from multiple sources and compare it with past couple of years. We shall mainly discuss about median home prices, inventory, economy, growth and neighborhoods, which will help you understand the way the local real estate market moves in this region.
Atlanta is a minimally walkable city in Fulton County with a population of approximately 419,590 people.In the past ten years, the annual real estate appreciation rate has amounted to 4.40% in Atlanta, according to NeighborhoodScout.com. Whether you’re looking to buy or sell, timing your local market is an important part of real estate investment. Currently, the inventory remains high in Atlanta. There are more homes for sale than there are buyers and home owners are becoming more and more eager to sell their property.
On average, homes in Atlanta, GA sell after 78 days on the market. The trend for median days on market in Atlanta, GA has gone down since last month, and slightly up since last year. In a healthy, balanced market, it would take about six months for the supply to dwindle to zero.
In terms of months of supply, the Atlanta market can tip to favor sellers if the supply decreases to less than six months of inventory. However, looking at the current trends, we don’t see things stopping moving in that direction. The supply will outpace the demand in Atlanta to give buyers an upper hand in price negotiations.
Following the housing market decline in 2007, single family rental properties became favorable options for investors, saving in construction or refurbishment prices. The quick turnaround for an owner to rent out their property means cash flow is almost immediate.
Single family rental homes have grown up to 30% within the last three years. Almost all the housing demand in the US in recent years has been filled by single family rental units. With 2020 being, theoretically, in the middle of a boom, there’s still 4 years for residential construction to surge. Most likely, a housing shortage will remain in 2020, keeping home prices high.
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, row houses and homes converted to apartments. The median house price in Atlanta is $288,510, which indicates that home prices in Atlanta are well above the national average for all cities and towns in the United States.
Here is a snapshot that shows the median home values in the some of the popular neighborhoods in or around Atlanta.
Atlanta Real Estate Inventory And Sales Data
Atlanta has a mixture of owner-occupied and renter-occupied housing units. In the past month, 1203 homes have been sold in Atlanta, GA on Redfin.com, a national real estate brokerage. Additionally, there were also 1572 condos, 892 townhouses, and 79 multi-family units for sale in Atlanta last month. The median listing price is around $299,000. The average sale price of a home in Atlanta was $300K last month, up 11.1% since last year. The average sale price per square foot in Atlanta is $196, up 7.1% since last year.
According their statistics, the Atlanta housing market is moderately competitive. Homes sell for about 3% below list price and go pending in around 59 days. A hot listing in the market can sell for around list price and go pending in around 20 days.
On Trulia there are 6603 resale and new homes for sale in Atlanta, including open houses, and homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The median sales price of homes in Atlanta is $323,500 and homes are selling for about $231/sqft.
The three popular neighborhoods in Atlanta are Midtown, North Buckhead and North Springs. Let us discuss a little about them.
There are 219 active listings in Midtown, Atlanta, GA.
- Midtown is home to some of the Atlanta’s priciest apartments.
- The median sales price in Midtown is $318,600.
- Homes are selling for about $341/sqft.
- 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.
- The median sales price in North Buckhead is $557,500.
- Homes are selling for about $294/sqft.
In North Springs, Atlanta, GA, there are currently 107 homes for sale.
- North Springs is a quiet neighborhood and has an amazing proximity to everything you could want.
- It is located in the famous city of Sandy Springs which is the most expensive neighborhood of 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 median sales price in North Springs is $249,000.
- Homes are selling for about $163/sqft.
Currently, there are 1822 homes for sale in Atlanta on Zillow, an online real estate database company. Additionally, there are 480 homes for rent. Under potential listings, there are about 3 Foreclosed and 414 Pre-Foreclosure homes. These are the delinquent properties that may be coming to the market soon but are not yet found on a multiple listing service (MLS).
- The median list price per square foot in Atlanta is $235, which is higher than the Atlanta-Sandy Springs-Roswell Metro average of $133.
- The median price of current listings is $319,000.
- The median sale price is $260,000.
- The median rent price in Atlanta is $1,795, which is higher than the Atlanta-Sandy Springs-Roswell Metro median of $1,500.
There are currently 6906 homes for sale and 2179 homes for rent in Atlanta, GA on Realtor.com, a real estate listings website. According to their statistics, in February 2020, the Atlanta housing market was a balanced real estate market, which means there was a healthy balance of buyers and sellers in the market.
Ideally a buyer would prefer a sale to asking price ratio that’s closer to 90%. The sellers in Atlanta have managed to hold good leverage in these negotiations in the past month. On an average, they could sell homes for 98.45% of the asking price. A seller would always prefer scenarios which can yield a ratio of 100% or higher.
- In February 2020, the median list price of homes in Atlanta was $329,900, trending up 4.7% year-over-year.
- The median listing price per square foot was $209.
- The median price of sold homes was $290,000.
- The median rent price was $1,990.
|Homes For Sale||6906|
|Homes For Rent||2179|
|Median Listing Price||$329,900|
|Median Sale Price||$290,000|
|Sale to Asking Price Ratio||98.45%|
|New Construction Houses||592|
|Median List Price/Sq Ft||$209|
|Home Price Range||$1.5K to $21M|
|Most Expensive Neighborhood||Morningside – Lenox Park|
|Most Affordable Neighborhood||Venetian Hills|
Atlanta, GA Foreclosures And Bank Owned Homes Statistics
There are currently 747 properties in Atlanta, GA that are in some stage of foreclosure (default, auction or bank owned) while the number of homes listed for sale on RealtyTrac is 4,991. In February 2020, the number of properties that received a foreclosure filing in Atlanta, GA was 5% higher than the previous month and 23% higher than the same time last year.
|No. of Foreclosures in Atlanta||747 (RealtyTrac)|
|Homes for Sale in Atlanta||4991|
|Median List Price||$299,999 (3% drop vs Jan 2019)|
In Atlanta, the zip code with the highest foreclosure rate is 30315, where 1 in every 706 housing units is foreclosed. 30314 zip code has the lowest foreclosure rate, where 1 in every 1422 housing units becomes delinquent.
Where To Invest In The Atlanta Real Estate Market?
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. Below is the list of the 10 best places to invest in the Atlanta real estate.
If you want to buy a house or an Atlanta Investment Property, then 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 in Atlanta for your next investment property.
1. Buckhead Heights
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. Buckhead Heights suburb is ranked one of the best in Atlanta Real Estate Market.
2. Hanover West
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. Hanover West is a great place of Atlanta Real Estate Market.
3. Collier Hills North
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.
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. Brookwood is a great pace to live in Atlanta.
5. Cross Creek
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. It is also considered to be a good place to live in Atlanta.
6. Hills Park
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 living in Atlanta, GA.
7. Midtown Atlanta
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 for living in Atlanta.
8. Candler Park Atlanta
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.
9. North Buckhead Atlanta
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.
10. Woodfield Atlanta
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. It can be considered to own and rent an investment property in the Atlanta Real Estate Market.
Investing in Atlanta Real Estate: Advice For New Buyers
Maybe you have done a bit of real estate investing in Atlanta but want to take things further and make it into more than a hobby on the side. It’s only wise to think about how you can and should be investing your money. In any property investment, cash flow is gold. 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 a 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.
A good cash flow from Atlanta rental property means the investment is, needless to say, profitable. A bad cash flow, on the other hand, means you won’t have money on hand to repay your debt. Therefore, finding a good Atlanta real estate investment opportunity would be a key to your success. If you invest wisely in Atlanta real estate, you could secure your future. If you are a beginner in the business of cash flow real estate investing, it very important to read good books on real estate. The less expensive the Atlanta investment property is, the lower your ongoing expenses will be.
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 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. You must also collaborate and learn from savvy real estate investors who have retired early on in their lives by investing in some of the best real estate markets like Atlanta, GA.
Let Us Help You In Buying Your First Investment Property in Atlanta
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 area, such as changes in market conditions, market forecasts, consumer attitudes, best locations, timing and interest rates.
NORADA REAL ESTATE INVESTMENTS strives to set the standard for our industry and inspire others by raising the bar on providing exceptional real estate investment opportunities in the U.S. growth markets. We can help you succeed by minimizing risk and maximizing profitability. Consult with one of investment counselors who can help build you a custom portfolio of turnkey cash flow rental properties in the various growth markets across 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 top real estate growth markets and structuring complete turnkey real estate investments, we help you succeed by minimizing risk and maximizing profitability.
Other Good Markets To Invest in Real Estate in 2020
Apart from the Atlanta real estate market, you can also invest in another hot market in Dallas, Texas. If you decide to invest in the Dallas housing market, you can either buy a fixer-upper or you may want to buy a Dallas rental property. This market offers a wide range of turnkey investment properties; you just have to find your tenants to rent out the property.
Another hot market to choose is the Houston housing market. Houston is a diverse city with lots to offer that will cater to the tastes of a variety of potential buyers and tenants. Many of Houston’s neighborhoods are some of the most attractive places to live in the whole of Texas, and it’s not hard to see why. With a great balance of urban regions and open spaces in the suburbs, the potential for development is clear to see, and the natural features of the land are some of the most attractive features you could hope for in an investment district.
Remember, caveat emptor still applies when buying a property anywhere. The aim of this article was to educate investors who are keen to invest in Atlanta real estate in 2020. Purchasing an investment property requires a lot of studies, planning, and budgeting. Not all deals are solid investments. We always recommend to do your own research and take help of a real estate investment counselor. 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, the Norada Real Estate Investments makes no claims or assertions about the future housing market conditions across the US.
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