Albuquerque Trends and Statistics 2018-2019
In this section, you will learn about the top factors that make Atlanta one of the strongest real estate markets of 2018, including: affordability, cash flow, and equity growth potential. Explore Atlanta’s housing market, population, and employment trends in the tabs to learn more.
Sources of information:
Atlanta is Very Affordable
- In the neighborhoods where RWN members invest, the median purchase price was only $138,000 in January 2018. This is 32% more affordable than the national average.
- This shows us that real estate in Atlanta is more affordable than many cities across the nation. This is especially true in the neighborhoods where Real Wealth Network members are investing today.
Atlanta is Cash Flowing
- In the neighborhoods where RWN members invest, 3 bedroom homes rent for a median $1,265 per month, which is 0.92% of the purchase price of $138,000.
- This shows us that it’s possible to generate passive monthly cash flow from Atlanta properties, at a higher rent-to-purchase ratio than the national average.
Atlanta is Appreciating
- In the last 6 years (Jan 2012 to Jan 2018), 3 bedroom homes in Atlanta have appreciated by 66%. During the same period, 3 bedroom home values appreciated by only 41% nationwide.
- This shows us that Atlanta property values are appreciating at a higher rate than most U.S. cities today.
Atlanta is in Demand
- Atlanta is experiencing both population growth and job growth at a higher rate than the national average.
- Rents have also been rising at a consistent rate (just 1% slower than the national average) for the last 6 years, so it seems like this is already creating an increased demand for housing.
Atlanta is Being Revitalized
- With more than $5 billion in private investments since the year 2000 and a proactive planning and community building team, Midtown, Atlanta stands out as one of the nation’s great neighborhoods.
- With a huge amount of new development underway that will accommodate more than 8,000 new jobs (see “Bonus” section below), we can expect Atlanta’s population to continue to grow in the coming years. And this is good news for real estate investors.
[Bonus] 2018 Midtown Development
Last year, Midtown Atlanta received national recognition as a “Great Place to Live,” due to continued development and revitalization in the neighborhood. As we settle into 2019, it’s pretty likely that this growth isn’t slowing down anytime soon. Here are some notable projects in the works:
Coda [Under Construction]: A massive development at Technology Square is underway. The 22-story tower and complex will feature 620,000 square feet of offices, a 100,000-square-foot computing center, and 46,500 square feet of retail space. The groundbreaking was held in December 2016 with hopes the building will be done in early 2019.
Colony Square [Under Construction]: One of Midtown Atlanta’s original high-rise developments is getting a major update to include an Apple Store, upscale shopping, high-end restaurants, and eventually a second tower.
NCR Corporate Headquarters Tower II [Under Construction]: The Fortune 500 company’s first tower is already complete and now work is finishing on tower II. When construction finishes both towers will offer more than 750,000 square feet of office space for the Tech Square area.
Whole Foods [Under Construction]: This Whole Foods will not be your typical grocery store. The three-story supermarket will include the groceries, along with a brewpub, restaurants, and a cooking school.
Planning on visiting Atlanta before you invest? You should know it’s illegal to carry an ice cream cone in your back pocket on Sundays. But it’s totally cool to do it Monday through Saturday. Oh, and it’s also illegal to tie a giraffe to a lamp post.