Atlanta, GA
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Top 5 reasons to invest in Atlanta, GA
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There are many reasons to invest in Atlanta, GA, including a growing population, low vacancy rate, and high median household income. The state is landlord-friendly, and the metro area is known for its powerful workforce, giving investors a large pool of qualified tenants.
6,094,752 residents live in the Atlanta market, making it the country’s sixth-most-populated area. It has changed 1.13% since last year and is currently the third-fastest-growing metro in the United States.
Home prices in Atlanta are $382,382, still below the national average. Prices changed 4.0% from last year, signifying potential for real estate investors. The median rent in the area is $1,919, a 0.5% change from last year. The rent-to-price ratio in the area is also attractive at 0.5%.
The median household income in the market is $82,625, and its unemployment rate is 3.1%. The major industries are supply chain and advanced manufacturing, technology, life sciences, and healthcare. There are currently 31 Fortune 500/1000 companies and over 200 Inc. 5000 company headquarters in the Atlanta area. The top employers include Delta Air Lines, Emory University, and Piedmont Healthcare.
With over 50 universities around Atlanta, there is demand for off-campus housing. In addition, the median age of Atlanta residents is 37.3, which aligns with the average age of most renters in the United States. There are 2.3 million households in the area, and the average household size is 2.7 members. This variety of demographic opportunities should entice potential investors.
Atlanta is a popular tourist destination, so short-term rentals can offer investors another avenue of rental income. However, to operate, you must renew your short-term rental license annually.
Overall, Atlanta is a great market for real estate investments. Its thriving economy, large population, and incredible growth present many opportunities for investors. Whether you want to cater to college students looking for off-campus housing, short-term rentals for tourists, or long-term leases for more permanent tenants, Atlanta is an attractive market.
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