Most real estate investing experts consistently put Atlanta on a top 10 list for best cities in the United States to invest in real estate and that trend isn't stopping anytime soon. Some of the factors that make Atlanta such a great place for real estate investors include the steady population growth and a healthy job market that includes many financial and tech-based companies and startups. Read more here.
Did you know, the City of Atlanta derives its name from the Western and Atlantic Railroad of which Atlanta was the last stop? This fast-growing city is still a transportation hub. The Hartsfield-Jackson Atlanta International Airport is one of the world's busiest. The capital of Georgia also has the third-largest concentration of Fortune 500 companies. Atlanta's links to the civil rights movement go back decades as it is a top spot for Black entrepreneurship.
Although the median home price in Atlanta has reached its highest level ever, $278,000, it's still lower than the nation's median price. With Atlanta's popularity growing, you can expect home prices to continue to rise throughout 2021. Rents are rising in Atlanta as increased demand for housing and rising home prices make it difficult for people to buy. The median rent of $1,602 is up 5.7 percent year-over-year. The demand for single-family rentals is high since 49 percent of the population are families with children. Because of the rise in home prices, the rental market in Atlanta is slated to remain strong. Atlanta desperately needs new construction to keep up with the ever-increasing demand for single-family homes. Atlanta delinquencies peaked during the pandemic and are up 2.9 percent year-over-year, but the foreclosure rate is at just 0.2 percent.
Atlanta is known for being a leader in financial technology, with 70 percent of all global financial transactions passing through companies headquartered here. Because of this, the city has been given the nickname "Transaction Alley". With the world's busiest airport located in Atlanta, the city is a natural for the logistics industry. Deloitte has ranked Atlanta the number 2 metro area for supply chain in the country. Emory University, which includes Emory Healthcare, is a top-ranked private institution that's recognized internationally. Atlanta is also home to the Center for Disease Control and Prevention, Piedmont Health, and the American Cancer Society. Coca-Cola is a longstanding institution in Atlanta. Home Depot and UPS are also headquartered here.
Atlanta is home to a number of well-known colleges and universities. Many of these are historically black colleges, including Clark Atlanta University, Spelman College, and Morehouse College.
Metro Atlanta as many investment opportunities of note. Known for its upscale eateries, galleries, and shopping, Buckhead has been called the Beverly Hills of the south. Buckhead's residents live mostly in single-family homes, but there's also plenty of high rises with condos and apartments. Located at Virginia Avenue and North Highland Avenue, Virginia-Highland has about an even mix of renters and homeowners. Known for its casual, organic, and funky vibe with coffee shops, hip bars, and restaurants, Vihi is located in town, but has a suburban urban feel. Situated along Atlanta's belt-line, residents of Old Fourth Ward can walk to greenspaces into the Ponce City Market. What used to be mainly a historic area is now one of the hippest neighborhoods in town. Midtown is known for its shopping, dining, top hotels, and greenspace. It boasts a lively nightlife, art scene, and Piedmont Park, which is Atlanta's largest park. Located about 15 miles north of Atlanta, Sandy Springs sits along the Chattahoochee River National Recreation Area. It's pricey to buy investment property here, but the area's a perennial favorite for families. In Atlanta's suburb, Roswell, offers a charming historical district, with sidewalk cafes and locally-owned shops. Roswell is located about 22 miles north of Atlanta.
Investing in Atlanta real estate has worked out well for flippers and landlords for years. Once the pandemic ends and life returns to normal, Atlanta should start to see more houses hit the market. Be sure to keep Atlanta on your radar for real estate investment opportunities.