Atlanta Real Estate Market Overview
Average Monthly Rent:
$1,812
Percentage Change in Home Price/Value:
7.5%
Median Home Value:
$400,000
Best Time To Sell Home:
June
Affordability Index:
101
Days To Sell House:
41
Job Market:
Fair
Public School Ranking:
32
Location and Weather
Atlanta is located on the coastline of the Atlantic, just north of Florida and is the seat of Fulton County. It is the most populous city in Georgia, as well as the capital of the state. Best known as the hometown of Martin Luther King Jr. and the birthplace of Coca-Cola, Atlanta also has a reputation for being a friendly city full of quality restaurants, unique recreation opportunities, a stable job market, and mild weather.
Winters here are cold without the heavy snow and summers are hot but tolerable, reaching highs in the upper 80s in July. There’s also around 52 inches of rain here per year.
Population, Job Market and Cost of Living
Atlanta has a population of 532,695, with a growth rate of 1.65% annually. The job market has increased by 2.9% over the last year. In ten years, job growth is predicted to be 46.8%. Atlanta is home to more than a dozen Fortune 500 companies, and was recently named the 6th Best City for Job Seekers. The strongest industries of Atlanta’s job market include technology, sales, and education. There is also a strong music scene here, as well as some major healthcare employers – including Emory University Hospital and WellStar Atlanta Medical Centre.
Living in Atlanta is a more expensive city, with a higher average cost of living than the Georgia and U.S. average. Housing and transportation are some of the highest costs for residents here, especially considering Atlanta’s low walkability rate.