When it comes to southern hospitality, it seems like Atlanta continues to lead the charge—compared to homes in other large cities, the Metro Atlanta real estate market continues to hold its value. New residents, along with continued job growth in the Atlanta area, are expected to help boost the real estate market, according to Money magazine. PricewaterhouseCoopers and the Urban Land Institute have predicted that the median home price in Atlanta will likely increase another 4.3 percent in 2017 to $190,937 in their 2017 Emerging Trends in Real Estate report.
So, if you’re planning a move to the Metro Atlanta area, now might be the perfect time. Here, we’ve outlined five cities that offer more than just a warm, sunny climate.
Skyscraper in Brookhaven
Photo Source: Flickr/Choking Sun
- Average Sales Price: $479,950
- Average Difference (Sales Price to List Price): -$9,000
- Price per Square Foot: $233
Brookhaven is a large northeast suburb that’s home to more than 50,000 residents. This town showcases a variety of homes, from smaller bungalows to million-dollar estates, and caters to a wide range of buyers. The inventory of high-end estate homes influences the relatively high average sales price of homes in Brookhaven, which is currently $479,950. Houses tend to sell at $9,000 under list price, which works out to an average price of $233 price per square foot. Rooted in Atlanta history, the first homes in Brookhaven, which were built in the early 1900s, were summer cottages. Without a modern means of transportation, the town was too far from the city for an easy daily commute. Today, most commuters drive or ride public transportation into Atlanta from this suburb. Excellent schools and a mixture of housing stock make this town attractive to families, but according to a recent demographic report released by the city, a high proportion of young professionals also live in Brookhaven.
2. Sandy Springs
The Concourse Office Park (to the left) in Sandy Springs
Photo Source: Flickr/Paul Sableman
- Average Sales Price: $340,000
- Average Difference (Sales Price to List Price): -$8,900
- Price per Square Foot: $154
Originally, Sandy Springs was a rural town, but highway development in the 1960s linked the suburb to the downtown area of Atlanta. Today, Sandy Springs is continually ranked as one of the best Atlanta suburbs in a number of annual lists. Housing stock includes single-family mid-century homes, plus smaller pockets of newer homes that are known as “infill developments.” The average sales price for homes is $340,000, which works out to $154 per square foot. Houses also tend to sell for $8,900 less than asking price. Many large corporations are located in Sandy Springs, including UPS, First Data and Rubbermaid, which supports local employment. Sandy Spring’s Pill Hill, the site of three area hospitals, is the thriving medical center of the Metro Atlanta area. Excellent job opportunities abound, and this Atlanta suburb has been named one of the best small cities for working women by NerdWallet. Also, in 2016, Niche ranked the town as one of the best places in Georgia for millennials, based on the availability of jobs, nightlife, restaurants and affordable housing.
Quaint, historic downtown Marietta
Photo Source: Flickr/Ken Cook
- Average Sales Price: $235,000
- Average Difference (Sales Price to List Price): -$5,900
- Price per Square Foot: $115
Marietta is a picturesque suburb located 15 miles northwest of Atlanta, and its historic downtown is great for those who are seeking an abundance of cultural and dining options. In the past, Marietta has been crowned the All-America City and recognized as a top community by the National Civic League. Attractions like the Gone with the Wind Museum and Kennesaw Mountain National Battlefield Park are popular tourist stops. However, Marietta is also a great place to live. Residents enjoy the historic downtown area, award-winning charter school options and many community events throughout the year, including outdoor concerts and parades. With an average sales price of $235,000, and an average price per square foot of $115, this suburban town has many affordable housing options. Best of all, homes sell at an average of $5,900 less than list price.
Roswell City Hall
Photo Source: Flickr/Carrie Qualters
- Average Sales Price: $330,000
- Average Difference (Sales Price to List Price): -$7,000
- Price per Square Foot: $142
The suburban town of Roswell was recently ranked by WalletHub as one of the best real estate markets in the nation and the top market in Georgia. This designation was determined based on a number of factors, including home price appreciation, affordability and area job growth, which are all characteristics that make Roswell a great place to live. In Roswell, the average sales price is $330,000, or $142 per square foot. Sales tend to be under list price by an average of $7,000. According to Curbed Atlanta, new properties in Roswell are integrated into highly walkable neighborhoods to better meet the preferences of new residents and homeowners. Even The Huffington Post dubbed Roswell as one of the most “surprisingly, genuinely cool” U.S. suburbs, citing the nightlife, the popular downtown district and the town’s beautiful architecture.
New housing in Alpharetta
Photo Source: Wikimedia Commons/Thomson200
- Average Sales Price: $338,500
- Average Difference (Sales Price to List Price): -$7,000
- Price per Square Foot: $138
In third place on Niche’s list of 2016 Best Suburbs to Live in Georgia, Alpharetta has built a reputation for excellent schools. The average sales price for homes in Alpharetta is $338,500, or $138 per square foot. Sales tend to be under list price by an average of $7,000. This suburban city was also designated as the top Atlanta suburb by HomeSnacks, based on low crime rates, education spending per student and home values, among other statistical factors. SafeWise also named Alpharetta as one of the 20 safest cities in Georgia, citing a lower crime rate based on the size of the population. Proclaimed to be the “Technology City of the South,” Alpharetta is home to many tech-based companies, including Hewlett-Packard, LexisNexis and Verizon Business Services. The suburb is home to a highly educated population and a relatively large amount of newer housing, according to an assessment completed by MACTEC Engineering and Consulting, Inc.
As you can tell from the sales data listed for each town, these five suburbs all offer affordable home prices within the popular Metro Atlanta area. Homes in these cities are usually purchased between $5,000 and $10,000 under asking price, indicating that some sellers are willing to bargain with buyers. Whether you’re buying your first house or downsizing, relocating or moving a couple towns over, the Metro Atlanta area has a home to meet your needs. As a plus, the future prospects also appear positive. Overall properties values are projected to rise as urban development projects, such as the BeltLine, help to modernize and improve this great city. To see what’s available for sale in Atlanta right now, check out the current listings on Owners.com.
The views and opinions expressed in this article are those of the author and do not necessarily reflect the official policy or position of Owners.com, Altisource or any other Altisource® business or entity. The foregoing content is not intended to constitute, and in fact does not constitute, financial, investment, tax or legal advice by the author, Owners.com, Altisource or any other business or entity.
People are also reading