If you are looking to buy an investment property in Atlanta, it is only common that you are on a constant chase for the best neighborhoods to choose in the housing market of Atlanta, GA. However, you must also know about the Atlanta Real Estate Market Forecast, including its positives and negatives. Whether you’re looking to buy or sell, timing your local market is an important part of real estate investment.
In this article, our focus will be on the Atlanta real estate market trends and investment opportunities in 2020. One of the investment properties that you can buy in Atlanta 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.
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 United States. The Atlanta housing market has had steady growth over the past several years that makes Atlanta a great place to live as well invest in.
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.
Let’s take a close look at the Atlanta housing trends and forecasts find out why is it one of best real estate markets to invest in real estate in 2020.
Should You Invest In The Atlanta Real Estate?
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.
Should you invest in Atlanta Real Estate Market? Located in the state of Georgia, the city of Atlanta is a hotspot for any type of real estate investing. 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!
Top Reasons to Invest In Atlanta Real Estate
Atlanta Real Estate Market Forecast 2020
What are the Atlanta real estate market predictions for 2020? According to Zillow.com, the Atlanta housing market is currently a buyer’s market. The median home value in Atlanta is $264,500. Atlanta home values have risen by 4.8% over the past year and their Atlanta real estate market forecast is that the prices will continue to rise by 6.6% within the next year.
Here is the Atlanta real estate price appreciation graph by Zillow. It shows us the current home price appreciation forecast of 6.6% till Oct 2020.
The median list price per square foot in Atlanta is $234, which is higher than the Atlanta-Sandy Springs-Roswell Metro average of $132. The median price of homes currently for sale in Atlanta is $320,000 while the median price of homes that have been sold is $241,800.
Zillow reports that 22.7% of the listings in Atlanta had a price cut in Oct 2019, which is a good thing for buyers. It shows sellers were willing to negotiate on prices as they were finding it more and more difficult to sell homes at asking prices.
The median rent price in Atlanta is $1,742, which is higher than the Atlanta-Sandy Springs-Roswell Metro median of $1,500.
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|
Atlanta Housing Market Forecast 2019 – 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, GA Real Estate Market Forecast.
Atlanta Real Estate Market Trends
Is Atlanta real estate overvalued? We shall now discuss some of the most recent housing trends in the Atlanta area. Trulia has 7,013 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.
Some of the most popular neighborhoods in Atlanta are Midtown, North Buckhead, North Springs, Downtown, Old Fourth Ward and Grant Park, etc. Here you’ll find the maximum no. of listings and selling activity.
Currently, there are 231 active listings in Midtown, Atlanta, GA and the home prices range from $130K – $4.34M. Additionally, there are 141 rental properties in this neighborhood and their rent price ranges from $975 – $13K. The schools are rated between 3/10 – 8/10. Midtown is home to some of the Atlanta’s priciest apartments.
Similarly, there are 171 active listings in North Buckhead, Atlanta, GA and the home prices range from $160K – $4.25M. Additionally, there are 61 rental properties in this neighborhood and their rent price ranges from $1K – $14K. The schools in this neighborhood are rated between 4/10 – 9/10.
It is an uptown commercial and residential district of Atlanta, Georgia and 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.
In North Springs, Atlanta, GA, there are currently 125 homes for sale. The home prices in this area range from $111K – $1.38M. Additionally, there are 17 rental properties on Trulia in this neighborhood and their rent price ranges from $1.18K – $4.29K.
The schools are rated between 5/10 – 7/10. It is a quiet neighborhood and has an amazing proximity to everything you could want. North Springs 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.
In the past month, 1396 homes have been sold in Atlanta, GA as reported by Redfin.com. In addition to houses in Atlanta, there were also 1821 condos, 1029 townhouses, and 95 multi-family units for sale in Atlanta last month. The median price per square foot in Atlanta has decreased by 7.1% over the past year.
According to their statistics, the Atlanta housing market is somewhat competitive. Homes in Atlanta receive 1 offers on average and sell in around 40 days. The average sale price of a home in Atlanta was $295K last month, up 0.0% since last year.
The average sale price per square foot in Atlanta is $182, down 7.1% since last year. A hot listing in Atlanta can sell for around list price and go pending in around 13 days.
Here are the latest home buying and selling trends in Atlanta for the month of Oct 2019 from Redfin.com. The sale to list price ratio shows us that it was a seller’s market in the past month.
Atlanta Housing Market Statistics
- Median List Price: $365,000
- Avg. Sale / List: 97.0%
- Median List $/Sq Ft: $210
- Avg. Number of Offers: 1
- Median Sale Price: $295,000
- Avg. Down Payment: 19.3%
- Median Sale $/Sq Ft: $182
- Number of Homes Sold: 1396
There are 8,744 homes for sale in Atlanta on Realtor.com. The new listings are 488. The asking price of Atlanta single family homes can start from $27,000 and can go up to $21M for a luxury property in the Paces neighborhood. Paces is a popular neighborhood in Atlanta with the median price range of $1.25M.
Additionally, there are 2,614 Atlanta rental properties for sale, and their rent prices range from $500 to $35K per month. The median rent in Atlanta is $1,970. There are currently 739 new construction homes for sale in Atlanta as of November 2019, within a price range of $59,900 to $8.9M.
According to their statistics, in October 2019, the Atlanta housing market was a seller’s market, which means there were roughly more buyers than there were active homes for sale.
Ideally a buyer would prefer a sale to asking price ratio that’s closer to 90%. In Atlanta, the sellers have held good leverage in these negotiations in the past month.
On an average, they could sold homes for 98.2% of the asking price. A seller would always prefer scenarios which can yield a ratio of 100% or higher.
The median list price of homes in Atlanta, GA was $337K in October 2019, trending down -5.1% year-over-year. The median listing price per square foot was $197. The median sale price was $295K.
Atlanta Real Estate – Average Days on Market
On average, homes in Atlanta, GA sell after 66 days on the market. The trend for median days on market in Atlanta, GA is flat since last month, and slightly up since last year.
The median list price in Atlanta is $335,000 on Movoto.com. The median list price in Atlanta went down 1% from October to November. Atlanta’s home resale inventories is 5,870, which decreased 6 percent since October 2019.
The median list price per square foot in Atlanta is $226. In October 2019 it was $227. Distressed properties such as foreclosures and short sales remained the same as a percentage of the total market in November.
Atlanta, GA Single & Multi-Family Homes Statistics
Following the real estate market decline in 2007 in the U.S., single family rental homes 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 properties 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.
U.S. single-family rental market has seen steady rent increases between 2010 and 2019. According to CoreLogic’s latest Single-Family Rent Index (SFRI), which analyzes single-family rent price changes nationally and among 20 metropolitan areas, it shows a national rent increase of 3% in April 2019, as compared to 2.8% in April 2018.
The average sales price of new homes sold in the U.S. fell by 1.6% year-over-year in July 2019, to $388,000, according to the U.S. Census Bureau. In fact, the median sales price of new homes sold fell by 4.8% to $312,800 over the same period.
For existing homes, the median price was up by 4.3% to $280,800 in July 2019 from a year earlier, according to the National Association of Realtors. July’s price increase marks the 89th consecutive month of year-over-year gains. Demand remains robust. During the year to July 2019, new and existing home sales increased by 4.3% and 2.5%, respectively.
As per the data from the real estate company called Neigborhoodscout.com, the median house price in Atlanta is $280,601. Large apartment complexes or high rise apartments are the single most common housing type in Atlanta, accounting for 48.58% of the city’s housing units.
One or two bedroom apartments are the most common housing units in Atlanta. Other types of housing that are prevalent in Atlanta include single family detached homes, duplexes, homes converted to apartments and a few row houses. Atlanta has a mixture of owner-occupied and renter-occupied housing.
After the great recession of 2008, renting a home has increased exponentially across the nation. There are currently over 136.57 million housing units in the U.S.
In 2018, the total number of homeowner households hit an all-time high of 76.2 million. 36.6% of households rent their homes and 64.4% buy their homes (2018 U.S. Census Bureau).
Currently, there are 1,962 single family homes for sale in Atlanta, GA on Zillow. Additionally, there are 566 single family homes for rent in Atlanta, GA.
Under potential listings, there are about 19 Foreclosed and 363 Pre-Foreclosure homes. These are the properties that may be coming to the market soon but are not yet found on a multiple listing service (MLS).
Atlanta, GA Foreclosures And Bank Owned Homes Statistics
Looking for foreclosure homes in Atlanta? As per the Atlanta foreclosure data by Zillow, the percent of delinquent mortgages in Atlanta is 0.9%, which is lower than the national value of 1.1%.
With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth.
The percent of Atlanta homeowners underwater on their mortgage is 8.8%, which is higher than Atlanta-Sandy Springs-Roswell Metro at 7.6%.
|Total No. of Foreclosures in Atlanta||870 (RealtyTrac)|
|Homes for Sale in Atlanta||5,502|
|Median List Price||$315,000 (2% drop vs Sep 2018)|
There are currently 870 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 5,502.
In October 2019, the number of properties that received a foreclosure filing in Atlanta, GA was 14% higher than the previous month and 33% higher than the same time last year.
Atlanta Home Prices And Real Estate Appreciation
Atlanta real estate appreciated 36.50% over the last decade or so, which is an average annual home appreciation rate of 3.16%, putting Atlanta in the top 20% nationally for real estate appreciation, according to NeighborhoodScout’s data.
In the past latest twelve months, Atlanta appreciation rates have continued to be some of the highest in the United States, at 5.06%, which is higher than appreciation rates in 73.97% of the cities and towns in the nation. Atlanta real estate appreciation rates in the latest quarter were at 1.1% as compared to an annual appreciation rate of 4.46%.
Graph Showing Median Home Price Trend in Atlanta, GA
Best Neighborhoods In Atlanta For Real Estate Investment
If you are looking to buy real estate in Atlanta, you should know the best places to invest in. The three most important factors when buying a real estate anywhere are location, location, and location. Location creates desirability. Desirability brings demand.
Demand would raise the price of your Atlanta real estate and you should be able flip it for a lump sum profit. When looking to invest in Atlanta real estate, you need to find places where the expected property appreciation forecast is positive.
The running costs for owning and managing an Atlanta investment property should be low. 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 and shopping malls. There should be a natural and upcoming high demand for rental properties and a low supply of income properties.
Atlanta is a minimally walkable city in Fulton County. Cities that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of cities are often walkable and compact, and often have a lively downtown.
There are 130 elementary schools, 59 middle schools, 46 high schools and 130 private & charter schools. There are 265 neighborhoods in Atlanta.
Some of the best neighborhoods in Atlanta are Midtown, North Buckhead, Pine Hills, North Druid Hills, Oakhurst, Kirkwood, Candler Park, Vinings, Morningside-Lenox Park, Decatur, Reynoldstown, College Park, East Point, Atlantic Station, Old Fourth Ward, and Grant Park.
Sandy Springs ITP has a median listing price of $799K, making it the most expensive neighborhood. Gresham Park is the most affordable neighborhood in Atlanta, with a median listing price of $249K.
These are the 10 best neighborhoods in Atlanta to invest in real estate because they have the highest real estate appreciation rates (List by Neigborhoodscout.com).
|1||Spring St NW / W Peachtree St NW|
|2||North Ave NE / Glen Iris Dr NE|
|3||Alston Dr SE / Allendale Dr SE|
|4||Kirkwood / South Kirkwood|
|6||Park Pl / College Ave NE|
|7||White St SW / Holderness St SW|
|8||Boulevard NE / Auburn Ave NE|
|9||Lee St SW / Donnelly Ave SW|
|10||Mcdaniel St SW / Whitehall St SW|
Best Places To Live In Atlanta GA
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 live in Atlanta GA.
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 investment property.
1. Best Place To Live In Atlanta – 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. Best Place To Live In Atlanta – 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. Best Place To Live In Atlanta – 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.
4. Best Place To Live In Atlanta – Brookwood
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. Best Place To Live In Atlanta – 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. Best Place To Live In Atlanta – 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. Best Place To Live In Atlanta – 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. Best Place To Live In Atlanta – 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. Best Place To Live In Atlanta – 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. Best Place To Live In Atlanta – 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.
Atlanta Real Estate Investment Opportunities
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.
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.
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. 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 market 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. We’ve already listed above some of the best neighborhoods of Atlanta where you can think of buying real estate.
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.
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.
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.
Best Places 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. When looking for real estate market opportunities in Dallas 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 Dallas is not going to get you $5000 per month on rent.
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 real estate 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.
Let us know which real estate markets you consider best for real estate investing! If you need an expert investment advise, you may fill up the form given here.
One of our investment specialists will get in touch with you to discuss all facets of searching for, buying, and owning a turnkey investment property.
*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, the Norada Real Estate Investments makes no claims or assertions about the future housing market conditions across the US.
Best Neighborhoods https://www.niche.com/places-to-live/search/best-neighborhoods/t/atlanta-fulton-ga https://www.homesnacks.net/richest-neighborhoods-in-atlanta-128964
Market Data, Trends and Forecasts https://www.realwealthnetwork.com/markets/atlanta-georgia http://www.justluxe.com/travel/atlanta-news__1899269.php https://www.littlebighomes.com/real-estate-atlanta.html https://www.zillow.com/atlanta-ga/home-values https://www.trulia.com/real_estate/Atlanta-Georgia https://www.redfin.com/city/30756/GA/Atlanta/housing-market https://www.realtor.com/realestateandhomes-search/Atlanta_GA/overview https://www.movoto.com/atlanta-ga/market-trends https://www.realtytrac.com/statsandtrends/ga/fulton-county/atlanta https://www.neighborhoodscout.com/ga/atlanta/real-estate