Atlanta Real Estate Market Growth:
Why Should You Invest?
The National Association of Realtors (NAR) has selected the Atlanta metropolitan statistical area (MSA) as the number one market to watch this year (2023). The NAR report highlighted Atlanta’s investment potential and strong job market, emphasizing the market values that have continued to rise post-COVID.
MyeListings reported that Atlanta homeowners had the seventh highest wealth gain in the past five years due to property value appreciation. During this period, Atlanta home values increased by 109% to an average of $182,900. MyElListing noted that the five-year average home growth rate in Atlanta was 14% and highlighted that the median sale price for a home in Atlanta last year was $350,300.
At the national level, the median sale price of homes in 2022 was $368,000, with homes gaining an average of 73% in value, adding $155,400 to their prices over five years. The five-year average growth rate was 10%.
Atlanta is a charming city located in the southeastern United States. In recent years, Atlanta’s real estate market has rapidly grown, becoming an attractive destination for investors. So, discover why Atlanta is so popular and why you should invest in real estate here.
Atlanta is home to many major corporations’ headquarters. Giant names like Coca-Cola, UPS, and Home Depot among the Fortune 500 companies operate in Atlanta. This means the city has a strong business environment and continuously creates jobs. In a city with abundant job opportunities, there is high demand for housing. Atlanta has a continuously growing population. Both locally and internationally, migration increases the demand for housing in the city. Young professionals, families, and students prefer to move to Atlanta.
Atlanta is home to prestigious universities, colleges, and research institutions. Famous educational institutions like Georgia Institute of Technology (Georgia Tech), Emory, and University of Georgia increase student housing demand. Additionally, Hartsfield-Jackson Atlanta International Airport is one of the busiest airports in the world, providing easy access to the city. Moreover, the city’s transportation network is well developed.
Atlanta stands out with its job opportunities, cultural richness, population growth, and educational institutions. These factors contribute to the growth of Atlanta’s real estate market. If you are considering real estate investment, you should consider Atlanta’s growth potential and appeal. Investing in real estate in Atlanta can be an exciting option that offers growth and return opportunities.
