Living in Atlanta, GA
Atlanta, GA, is a dynamic city known for its thriving economy, diverse culture, and southern hospitality. Residents enjoy rich history and vibrant arts, along with various amenities and strong educational institutions. With an accessible transportation network, it’s a great place to live and invest.
Current Market Conditions in Atlanta, GA
The real estate market in Atlanta is currently experiencing significant growth, driven by high demand and a steady influx of new residents. Home prices have been rising consistently, making it a hot market for investors looking for promising returns. The job market is robust, especially in tech, healthcare, and film industries, attracting more people to the city.
Investors have noted a shift towards suburban areas as well as inner-city neighborhoods, with both offering unique investment opportunities. Multi-family units and properties that cater to young professionals are particularly popular, as living arrangements continue to evolve post-pandemic.
Home Value Estimator For Atlanta, GA
There are currently 216,378 real estate properties
in Atlanta, GA,
with a median automated valuation model (AVM) price
of $404,185.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Atlanta, GA, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Atlanta, GA,
is $658,400.00, with the most expensive house
in Atlanta, GA, topping out
at $192,598,112.00 and the cheapest home
in Atlanta, GA,
clocking in at $10,020.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Atlanta, GA!
Rent Prices
In Atlanta, GA
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Atlanta, GA, is on
a rollercoaster ride. The
average rent price in Atlanta, GA,
is $1,820.00. Indeed, when looking to rent in
Atlanta, GA, you can expect to pay as little
as $540.00 or as much
as $5,660.00,
with the average rent median estimated to
be $1,610.00. The good news is that finding
an affordable and desirable property to rent in Atlanta, GA
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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