Atlanta Real Estate Blogs: Crucial Real Estate Trends Among Top Websites

Georgia is one of the most notable real estate markets in the country and a great place to invest in real estate. Home prices have surged despite the ongoing pandemic and the state’s population keeps increasing every year.

Atlanta is the largest city in Georgia. According to many real estate experts, it’s one of the ten best places to invest in real estate. Its population growth and healthy job market make it a red-hot market for real estate investors.

Reputable Atlanta real estate blogs predict high spikes in home values and house rents over the next couple of years. 2021 was foreseen to be a robust year for home sellers. It’s safe to say that so far, these predictions have been beyond accurate. Atlanta’s growing population and huge housing demands have been the driving force.

Suppose you’ve been asking “when is the right time to invest in a home in Atlanta”? It all depends. Atlanta is seeing an increased demand for housing with no signs of slowing down. Thus, the market is pretty much competitive. However, it’s not too late to hop on the train as housing prices are expected to increase in the years to come.

Rent prices in the Big Peach are through the roof because the demand for housing is almost in equilibrium with supply. This implies that you’re in the driver’s seat if you own a real estate property at this point. We recommend that you visit the Tim Stout and Associates blog for more shared latest Atlanta real estate news to stay updated.

Source: Unsplash

Real Estate Statistics for Atlanta, Georgia

Here are some important statistics listed by reputable sources and Atlanta real estate blogs.

  • Atlanta Is Among the Top Five Fastest Growing Areas in the United States

According to the Atlanta Journal-Constitution, more than 750,000 people have moved to metropolitan Atlanta over the last nine years. This makes the demand for housing very high. There are about 500,000 residents in the city and over six million people living in the metropolitan area. 

Atlanta experienced a 1.16 percent surge in population just last year alone. According to the Atlanta Regional Commission, metropolitan Atlanta could grow by 2.9 million people over the next 30 years, a 33.7 percent increase from the current year.

Atlanta is the 9th largest metropolitan area in the United States. According to the Census Bureau, an estimated 36 people move into Atlanta every day. Much of this is attributed to Atlanta’s booming economy. 

  • The Fastest Growing Cities in Metropolitan Atlanta (By Rent)

According to Residential real estate news in Atlanta, Athens had the fastest-growing rent in 2021 (+15.23 percent from last year). Marietta and Alpharetta came second and third with a 13.6 percent and 11.5 percent surge, respectively. 

  • 50 Percent of Households in the Metro Area of Atlanta Are Tenants

Due to the increased population, high demand for housing, and low supply, most residents in the metro area resort to renting an apartment. Being a landlord in Atlanta will be considered a huge achievement at this point. 

Rents in Atlanta have been increasing consistently year in, year out. Forbes currently lists Atlanta as the sixth-best city for renters in the United States.

  • Population Age

The median age in Atlanta is 36.8. A good 42 percent of the population are between the ages of 20 and 49. Millennials and Generation Z make up the larger percentage of single-family homes in Atlanta.

  • Home Value in Atlanta is Increasing

The home values in Atlanta have seen a tremendous increase over the last couple of years. Despite the pandemic, the figure was estimated to be 49 percent over the past five years, with 10.6 percent coming from the previous year alone.

Based on the Atlanta real estate market forecast for 2021, the figure is expected to increase by another 9.8 percent between 2021 and mid-2022.

  • Sale-to-list Price

Atlanta has a 100 percent sale-to-list price ratio. This implies that homes are being sold for approximately the asking price.

  • The Market is Currently Competitive for Buyers

The demand for housing is overwhelming all across the country, and especially in cities like Atlanta. While home sellers are having a field day, buyers are feeling the heat of a red-hot, competitive real estate market. 

According to commercial real estate news from Redfin, the home prices in Atlanta were up by more than 22 percent in June 2021 compared to the previous year. This rise is one of the highest we’ve ever seen.

According to a survey by the National Association of Realtors, the Atlanta market is also one of the most resilient in the country.

  • 2022 Could Be a Good Time to Buy a House

Yes, home buyers are facing the heat in 2021, but could 2022 be any better? In some ways, it could. Thanks to an ongoing rise in inventory, many experts predict that it could be easier to buy a home in Atlanta in 2022. Due to high demands, more properties are beginning to enter the market.

We are beginning to see some signs of a less competitive market in 2021. For-sale inventory across the country increased by three percent between May and June 2021, according to Zillow. If this trend continues, buyers could secure a suitable property without having to break a sweat like they did this year.

While this is good news, especially for people who’re currently struggling to buy a home, there could be a downside. As of now, it doesn’t appear that housing demands will drop, which could lead to higher home prices.

According to Atlanta real estate blogs, home seekers may have more options to choose from but are more likely to encounter higher prices.

Why You Need a Reliable Georgia Real Estate Agent

Due to the complexities in the real estate market, you’ll need to employ the services of a reliable Georgia real estate agent to guide you through the entire process. Tim Stout & Associates aims to make the process easy for you while putting your needs at the forefront of our operations. 

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Scroll to Top