Atlanta (Buckhead), GA

Population: 437,041
Average annual home appreciation rate: 16.83%
Total of homes for sale in this market: 4,704
Median home price: $216,441
Median Rent: $892 per room
Home price range: 28.08% of homes are between $98,001 – $197,000
Median sales price: $229,000
Number of homes: 3,444
Median foreclosure sales price: $75,000
Foreclosure discount: 67%
Most common home type: 46.53% of homes are complexes or high rise apartments
Number of vacant homes: 20.31%
Number of renters: 52.12%
Number of owner occupied: 47.88%
Number people living below poverty level: 24.29%
Unemployment rate: 10.40%
Is this area perfect for real estate deals going on right now? Atlanta could be a world of opportunity for the savvy investor. Great home appreciation rates for the past decade, and… 1. Lower overall home prices 2. Higher rental rates 3. High poverty/unemployment rates (Means a higher need for rental properties) 4. High amount of vacant properties available on the market (Could lead to huge deals for cash buyers working with motivated sellers) 5. HUGE discounts of “troubled” properties (up to 62% in some instances) 6. More Renters than home Owners… (rental properties could be a great form of cash flow for the right investor at the right time.) Pay close attention to Atlanta… other savvy investors are.

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