Your Guide to the Atlanta Housing Market (2022)
The Atlanta housing market has been rapidly expanding over the past decade, and shows no signs of slowing down. From the inner city to the suburbs, there are countless neighborhoods where you can find an apartment, a custom home, or a commercial building that aligns with your financial, social, or practical needs.
If you’re planning to sell or buy a house in Atlanta, or if you’re simply interested in keeping up with the city’s ever-changing housing market, this complete guide will cover everything from selling a house to buying and renting a home or an apartment. Read on to learn more.
Selling a Home in Atlanta
With a reasonable percentage of increase in property values, buyers are flocking from all over to get a piece of Atlanta’s action. With so many people clamoring for real estate, it might be difficult for some to get a foothold on property in Atlanta’s tight housing market.
However, if you want to sell your house faster regardless of the competitive market in Atlanta, it would be helpful if you considered selling it to one of the top property buyers in the area. This will save you time and give you a fair deal depending on your home’s condition.
Buying a Home in Atlanta
If you’re interested in buying a home in Atlanta, Georgia, you’re not alone. The city is growing, and with that growth comes increased demand for housing. Buying a home in metro Atlanta is easier than you think, but how do you know where to begin your search? The following house buying tips will ensure you don’t fall victim to problems on either end of your purchase:
- Ensure you know what you want, whether it’s an apartment, condo, a home, or commercial building
- Talk to your family and friends living in Atlanta
- Hire a local real estate agent
- Understand the market value
- Get pre-approved before searching
- Check out open houses before making an offer
- Ensure the property you choose has no liens or other legal disputes
- Don’t be afraid to negotiate
Renting in Atlanta
Whether you’re looking for a place close to downtown or a more suburban area, there are plenty of options for renting in Atlanta. However, if you’re moving here from another city, it’s worth knowing that renting here is different than in most cities.
Rental prices in Atlanta are typically lower than in other major cities such as Los Angeles, New York City, and Washington, D.C., with renters paying an average of $1,790 per month for a one-bedroom home (though costs are rising quickly). That makes it more affordable for large swathes of people, including millennials, to rent than buy. If you’re looking to relocate or just starting on your housing journey, start here.
Endnote
Whether you’re thinking about moving to Atlanta or just planning ahead, it’s essential to know the current housing market conditions to make intelligent decisions. The Atlanta housing market has experienced massive growth and turmoil in the last few years. If you’re planning to buy or sell property in 2022, be sure to follow our comprehensive guide.