If you are interested in Atlanta’s housing market as a potential investment, knowing where the neighborhoods are that show the promise of increased home values will help narrow your search.
Also check out my new “Price Your Home” link below to see if the value of your home has changed with recent sales in your Atlanta neighborhood. And you can access it any time by going to PriceYourAtlantaHome.com!
Governing, a leading media platform covering politics, policy and management for state and local government leaders, published a study in 2015 which recorded a 20% national gentrification rate in US cities since 2000. Atlanta, on the other hand, experienced a whopping 46% gentrification rate with significant growth in home values and educational attainment.
In the 1990‘s, Atlanta’s Cabbagetown, Downtown, East Lake, Grant Park, Old Fourth Ward, Poncey-Highland, and Reynoldstown neighborhoods all experienced gentrification. Since 2000, Cascade Heights, East Atlanta, Edgewood, Kirkwood, Lakewood Heights, Old Fourth Ward, Peoplestown, Riverside, and West End joined the list of revitalization. The map below (click here for the study and an interactive map) shows these areas in dark blue.
So what indicators can generally be used to predict gentrification and/or home price growth in this city? This list is excerpted from a Feb 2016 post on RISMedia’s Housecall blog.
Central Locations: The first neighborhoods in line for gentrification are the districts closest to the city center, or that have good transport links to it.
Urban Renovation: There is no question that property along the Beltline will be positively affected. Here is an overview of the the entire proposed Beltline urban revitalization project
Transport Projects: Atlanta has a long list of transportation and transit projects (including the Beltline’s lightrail component) it hopes to accomplish. Expect these improvements (if they come to pass) to improve surrounding home values.
New Hotels, Businesses and Shopping Centers:. Atlantic Station and the new Ponce City Market are great examples of how retail centers increase residential demand. Here is a list of other development projects along the Peachtree corridor.
Please call me if you know of anyone interested in buying an investment real estate property. My team and I are here to help!
Price Your Atlanta Home
Curious about how much equity you may have in your home? Want to see recent comparable sales in your neighborhood with photos? Click here, plug in your property address and email and a report will be emailed to you within minutes.
Posted on 06/22/2016 at 11:30 AM
