About the Atlanta Housing Market
If you are looking for a city with a strong economy, a diverse population, and a variety of cultural attractions, then Atlanta is a great choice. The city is growing rapidly, and it is sure to continue to be a popular destination for years to come.
There are a number of factors that are contributing to Atlanta’s growth. The city has a strong economy, with a low unemployment rate and a growing number of jobs. Atlanta is also a major transportation hub, with two international airports and a network of highways and railroads. The city is also home to a number of colleges and universities, which attract young people and professionals.
Atlanta has made efforts to improve its infrastructure and transportation systems to accommodate its growing population. The Hartsfield-Jackson Atlanta International Airport, one of the busiest airports in the world, connects Atlanta to various domestic and international destinations. The city has also expanded its public transportation system, including MARTA (Metropolitan Atlanta Rapid Transit Authority), which provides bus and rail services.
Median Household Income: $69,164
Metro Population: 6.1 million
11-Year Population Growth: 10.6%
Median Home Price: $430,000
Median Rent Per Month: $2,150
1-Year Equity Growth: 14.2%
1-Year Rent Growth: 2.9%
8-Year Rent Growth (January 2014 – December 2022): 40%
Job Growth: +76,800 CES jobs created over the last year
1-Year Job Growth Rate: 2.6%
Unemployment Rate: 4%
Tenant Laws: Landlord-Friendly
What to Like
Strong job market
Affordable cost of living
Weather
Diversity
What to Watch Out For
Higher crime rate in some areas
Public transportation system
Traffic
– Atlanta has a strong economy with a low unemployment rate and a growing number of jobs. The city is home to a number of Fortune 500 companies, including Coca-Cola, Delta Air Lines, and Home Depot.
– Atlanta is home to a number of colleges and universities, including Georgia Tech, Emory University, and Spelman College. This attracts young people and professionals to the city.
– Atlanta has a variety of cultural attractions, including museums, theaters, and sporting events. This makes it a great place to enjoy the arts and entertainment.
– Atlanta is a major transportation hub with two international airports and a network of highways and railroads. This makes it easy for people to get to and from Atlanta, and also makes it a good place to do business.
Steady population increase
Atlanta has seen consistent population growth over the past few decades. According to the U.S. Census Bureau, the population of Atlanta was estimated to be around 486,290 in 1990. By 2020, the estimated population had grown to over 515,000 people, making it the largest city in Georgia and the ninth-largest metropolitan area in the United States.
Strong job growth
Atlanta’s economic growth has led to a strong job market. The city has become a magnet for young professionals and entrepreneurs seeking employment and business opportunities. Many companies and startups have established their headquarters or regional offices in Atlanta, creating a wide range of job opportunities across different sectors.
Steady home price appreciation
The growth in population and economic activity has also fueled real estate development in Atlanta. Numerous residential and commercial projects have been undertaken to accommodate the increasing demand. The city has seen the construction of new high-rise buildings, mixed-use developments, and revitalization of neighborhoods, offering a range of housing options for residents.
Purchasing Property in Atlanta
Atlanta has a diverse and robust economy that has contributed to its growth. The city is a major hub for various industries, including technology, finance, manufacturing, film and television production, logistics, and professional services. The presence of several Fortune 500 companies, such as The Coca-Cola Company, Home Depot, Delta Air Lines, and UPS, has helped drive economic development and attract skilled professionals.
Atlanta has a lot to offer in terms of things to do, from visiting historical sites to exploring the city’s many parks and green spaces. There are also a number of professional sports teams in Atlanta, including the Atlanta Braves, Atlanta Falcons, Atlanta Hawks, and Atlanta United.
Atlanta has a vibrant cultural scene and is known for its music, arts, and entertainment. The city is home to renowned institutions such as the High Museum of Art, the Atlanta Symphony Orchestra, and the Alliance Theatre. Additionally, Atlanta has become a major center for film and television production, earning the nickname “Hollywood of the South.”
Atlanta, Georgia
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