The city of Atlanta is a prime candidate for having a good rental market. It meets the most important criteria investors are looking for. First, over the last few years, rental rates have been on the rise – and still are. This has been a steady increase, rather than a dramatic jump.
The housing market in Atlanta is weak. It seems that much of the homes that are currently on the market have been for quite some time and are not of much interest. Until further construction growth, most individuals looking for homes may settle for rentals. Investors may get a good deal on these properties, with a little work to make it a newly desired residence.
The job market in Atlanta is one of the top in the country. While many other cities are going stagnant with economic growth, Atlanta is booming. Tens of thousands of jobs are being created every year. This city is the home for many major Fortune 500 and Fortune 1000 companies, as well as corporate headquarters for many others. With the high percentage of college graduates and the boasting employment line, there does not appear to be a slowdown in sight for Atlanta’s economic growth.
Lastly, the demand is there. While the supply may be scarce, there are individuals looking for rentals. This is a good sign for any smart investor.
So, again – just how good is Atlanta’s rental market? It is one of the best. Don’t make the mistake of passing up the opportunity of this great city.