Real estate has become a popular avenue for people looking to diversify their income streams and potentially hedge against inflation. Whether you’re a seasoned pro or just getting started in investing, Atlanta, GA, is certainly worth considering.
Once just a small railway stop, the city of Atlanta has grown into a thriving city for music, film, technology, and the arts. The culture of Atlanta is lively and with an abundance of local attractions and a bustling international airport, it’s no wonder the city is a popular destination for both visitors and new residents alike.
Affectionately known as ATL, after the airport code, and The Big Peach, Atlanta residents have access to some of the best food, entertainment and jobs that the U.S. has to offer.
But what about the Atlanta real estate market in April 2024? What do stats and trends look like contemporarily? Facts and figures are constantly changing, so we’ve gathered all the most up-to-date information for you.
Here are some of the top trends for the Atlanta real estate market (April 2024):
Atlanta General Statistics
Population (city proper): 498,386 (up .01% since 2017)
Population (metro area): 6,222,908
Area (city proper): 135.3 sq. mi.
Area (metro area): 8,685.7 sq. mi.
Median Age: 34
GDP (metro area): $525.8 Billion
Unemployment rate (metro area): 3% (up .2% Since December 2023)
Top employers: The Home Depot, UPS, Delta Airlines, Coca-Cola Company, GE Energy Management Services LLC, Arby’s, Bellsouth Telecommunications INC, Cox Enterprises, Cox Media Group, WestRock.
Highest paying jobs: Oral Surgeon, Anesthesiologist, Assistant Professor of Surgery, Transplant Surgeon, Physician, Interventional Pain Physician, Hospitalist Physician, Pain Management Physician, Finance Services Director, Child & Adolescent Psychiatrist.
Median income (per capita): $61,617
Median income (household): $83,251
Atlanta Real Estate Market (April 2024) Statistics
Neighborhoods: 208
Homes for sale as of April 2024: 5,040
Median list price: $410K (down 2% % since September 2023)
Median sold price: $415K (down .1% Since September 2023)
Sale-to-list price ratio: 98.89%
Median price per square foot: $267
Median days on market: 44 (down 16% since December 2023)
Rental vacancy rate: 1.6%
Homeowner vacancy rate: 1.8%
One-year appreciation rate: 1.2%
Average rent: $1,813 (up .01% since September 2023)
Price-to-rent ratio: 15.65
Most expensive neighborhoods:
Neighborhood | Average Monthly Rent | Median Listing Price |
Ferncliff Commons | ||
Club Forest | ||
Argonne Forest | ||
Randall Mill | ||
Brockwood Hills |
Least expensive neighborhoods:
Neighborhood | Median Monthly Rent | Median Listing Price |
Carey Park | ||
Florida Heights | ||
Rebel Valley Forest | ||
Perkerson | ||
Wilson Mill Meadows |
Final Thoughts: Atlanta Real Estate Market (April 2024) Trends
The Atlanta real estate market is constantly changing and evolving. But the potential for investors to profit is near-constant. Whether you’re an experienced real estate investor or brand new to the industry, the Atlanta real estate market could provide ample opportunity to build your portfolio.
Get Started Buying Homes With Evernest
Whether you’re purchasing one Atlanta home or one hundred, you don’t have to go it alone.
If you’re ready to buy your first (or next) investment property, here are three steps to get started today:
Subscribe to our podcast: The Evernest Real Estate Investor Podcast—for all things real estate investing, being a landlord, growing your portfolio, and more.
Find a property: Make sure you sign up for our Pocket Listings to get notified of all the deals that come across our desk daily.
Get an investor-friendly agent: We can help with that—we would love to help you buy your next rental property investment.
This content was originally published on Evernest.co.
