Things in Atlanta are heating up, and we’re not just talking about the weather. Atlanta, Georgia, has become one of the hottest real estate markets in the U.S. According to recent polls, Atlanta is the 3rd best area in the country for homeowners. It’s no wonder why those looking to purchase a home are taking a good, hard look at this southern city. With the market heating up, now is a great time to find your dream home in Atlanta and the surrounding metropolitan area.
A Great Market for Homeowners
Metro Atlanta is the 9th largest metropolitan area in the United States. Home to an estimated 5.7 million residents, this booming southern metropolis is attracting newcomers from all across the country and the globe. A recent study conducted by Bankrate.com found Atlanta to be the 3rd best metropolitan area in the United States for homeowners.
The study considered 8 factors to determine the rankings: home affordability, price appreciation, property taxes, homeowner’s insurance, energy and maintenance costs, foreclosures, and the rate at which rent has increased in the past 6 years. Atlanta scored high marks across the board and landed 3rd on the list, just shortly under the cities of Phoenix and Portland, who topped the list.
Homes in the Metro Atlanta area are some of the most affordable in the country. Median home price here is just $196,000, one of the lowest in the U.S. for a metropolitan area. Homes in this southern city are only increasing in value. In fact, home values increased by close 10% in the past year, and are expected to continue increasing my as much as 6% in the next year. Much to the delight of current and future homeowners, property taxes in the Metro Atlanta area are some of the lowest in the country. Homeowner’s insurance rates are quite low here.
Thankfully, Atlanta residents don’t have to suffer the added expense of flood insurance, which can drastically increase insurance rates in coastal areas. The city scored high marks when it came to energy and maintenance costs, which remain low. The area thankfully exhibits a low rate of foreclosures as well. As Atlanta gains popularity, rent rates have risen quickly, making homeownership even more attractive. This charming southern city received high marks all across the board, awarding it its 3rd place ranking amongst the best cities in the country for homeowners.
Atlanta is a diverse and exciting city; truly a great place to make your home. With so many factors benefiting homeowners, now is the time to consider purchasing your next home in Metro Atlanta. This wonderful area has so much to offer homeowners.
Atlanta Real Estate
I invite you to reach out to me, Charmaine Courville at 678-618-0382, for all your Metro Atlanta real estate needs. I would love to assist you in your search for the perfect home in Metro Atlanta. The Atlanta market is hot and only getting hotter. Let me help you find your dream home here in one of the best cities in the country for homeowners.