The Best Places to Buy Investment Properties in Atlanta

Atlanta's real estate market is buzzing with opportunities for savvy investors. From upscale urban neighborhoods to peaceful suburban enclaves, Atlanta offers a diverse range of investment properties that promise strong returns. In this article, we'll explore the best places to buy investment properties in Atlanta, backed by current statistics and insights to help you make informed decisions.

Introduction

The Best Places to Buy Investment Properties in Atlanta

Atlanta is a vibrant city with a growing economy, making it an attractive destination for real estate investors. The city boasts a diverse economy, a growing population, and strategic location, contributing to its appeal as a real estate investment hub. Atlanta's housing market is known for its affordability compared to other major cities, with a median home price of approximately $350,000. This affordability, combined with a high rental demand, creates a fertile ground for profitable investment opportunities.

North Buckhead

The Best Places to Buy Investment Properties in Atlanta

Upscale Living in North Buckhead

North Buckhead is synonymous with luxurious living. This well-established Atlanta neighborhood offers a blend of upscale amenities, top-tier schools, and a central location that attracts both families and professionals. The median home price in North Buckhead is around $700,000, reflecting its status as a prime area for high-end real estate investments.

Investors can benefit from the high demand for luxury rentals in North Buckhead, with rental yields averaging around 5%. The area's proximity to major business districts and recreational amenities makes it a preferred choice for affluent tenants.

Hanover West

The Best Places to Buy Investment Properties in Atlanta

Hidden Investment Gems

Hanover West, nestled in northwest Atlanta, is a hidden gem for real estate investors. This peaceful suburban neighborhood offers a tranquil atmosphere while maintaining easy access to the city's conveniences. With a median home price of $450,000, Hanover West presents an attractive opportunity for investors looking for a balance between urban amenities and suburban charm.

The average rental yield in Hanover West is approximately 6%, making it a lucrative option for rental properties. The neighborhood's ongoing development and revitalization efforts signal potential for future growth and appreciation in property values.

Grant Park

The Best Places to Buy Investment Properties in Atlanta

Historic Charm Meets Modern Potential

Grant Park, one of Atlanta's oldest neighborhoods, offers a unique blend of historic charm and modern amenities. The area is known for its Victorian-style homes and the sprawling Grant Park itself, making it a favorite among families and history enthusiasts. The median home price in Grant Park is around $560,000, and homes typically sell within 38 days of listing.

Investors can find great opportunities in both historic renovations and contemporary townhouses. The area has seen a 5.4% increase in home prices over the past year, reflecting its growing appeal.

Midtown Atlanta

The Best Places to Buy Investment Properties in Atlanta

Urban Energy and Opportunity

Midtown Atlanta is a bustling urban hub that attracts young professionals and creative minds. Known for its towering skyscrapers, cultural attractions, and proximity to major employers, Midtown is a prime location for real estate investments. The median home price in Midtown is approximately $400,000, and the area boasts a high rental demand.

Investors can benefit from Midtown's vibrant lifestyle and strong employment growth, making it an excellent choice for rental properties. The area offers a variety of investment opportunities, from luxury condos to high-demand rental units.

Pine Hills

The Best Places to Buy Investment Properties in Atlanta

Affordable Urban Living

Pine Hills, located northeast of Atlanta, is known for its urban feel and accessibility. With a median home price of $298,500, Pine Hills presents an affordable entry point for investors. The neighborhood has seen a 20.4% increase in sales prices year-over-year, highlighting its growth potential.

Over half of Pine Hills' residents rent their homes, indicating a strong rental market. The average rental income is around $1,424 per month, making it an attractive option for buy-and-hold investors.

Old Fourth Ward

The Best Places to Buy Investment Properties in Atlanta

Historic District with Modern Appeal

Old Fourth Ward is a vibrant neighborhood known for its rich history and modern developments. Located just a few blocks from downtown Atlanta, this area features a mix of historic homes and new constructions, making it an attractive option for investors. The median home price in Old Fourth Ward is around $429,900, with homes typically selling in about 30 days.

The neighborhood's proximity to attractions like the Ponce City Market and the Eastside Beltline Trail adds to its appeal. Rental properties are in high demand, with rental yields averaging around 5-6%.

East Atlanta

The Best Places to Buy Investment Properties in Atlanta

Vibrant and Growing Community

East Atlanta is a trendy neighborhood known for its vibrant community and eclectic mix of bars, restaurants, and coffee shops. The median home price in East Atlanta is approximately $462,500, with a 13.4% increase in sales prices over the past year. Homes in this area typically stay on the market for about 27 days.

East Atlanta's strong community vibe and ongoing developments make it a promising area for real estate investment. The average rental income in East Atlanta is around $1,263 per month.

Decatur

The Best Places to Buy Investment Properties in Atlanta

Suburban Bliss with Urban Amenities

Decatur is a sought-after suburb located northeast of Atlanta, known for its excellent schools and vibrant community atmosphere. The median home price in Decatur is around $420,000, with property values showing consistent appreciation. Homes in Decatur are highly desirable, with many selling within weeks of listing.

Decatur offers a variety of housing options, from historic homes to modern condominiums, catering to diverse preferences. The area's strong demand for family rentals and its proximity to Atlanta make it an ideal investment location.

Alpharetta

The Best Places to Buy Investment Properties in Atlanta

Thriving Economy and Quality of Life

Alpharetta, known as the "Technology City of the South," offers a thriving economy and high quality of life, making it an attractive area for real estate investment. The median home price in Alpharetta is around $811,000, with homes typically selling within 20 days. The area is seeing significant inbound migration from major cities like New York and Los Angeles, further driving demand for housing.

Investors can benefit from Alpharetta's strong rental market and steady appreciation in property values. The city's proximity to major employers and excellent schools make it a desirable location for families and professionals.

Gwinnett County

The Best Places to Buy Investment Properties in Atlanta

Diverse and Growing Suburb

Gwinnett County, part of the Atlanta Metropolitan Statistical Area, is recognized for its diverse population and economic growth. The median home price in Gwinnett County is around $340,000, with property values steadily appreciating. This area offers a range of housing options, catering to various demographics and preferences.

Investors often find success in rental properties and fix-and-flip opportunities within Gwinnett County. The demand for housing remains strong, especially among families and professionals seeking suburban living with urban amenities.

Conclusion: Why Invest in Atlanta?

The Best Places to Buy Investment Properties in Atlanta

Atlanta's real estate market offers a diverse array of investment opportunities, from the luxurious homes in North Buckhead to the vibrant, historic properties in Old Fourth Ward. Each neighborhood has its unique charm and potential, making it an attractive option for different types of investors. Whether you are looking for high rental yields, steady appreciation, or long-term growth, Atlanta has a neighborhood that fits your investment goals.

The city's strong economic fundamentals, including a growing population and thriving job market, contribute to its robust housing market. Areas like Alpharetta and Gwinnett County exemplify the blend of urban amenities and suburban tranquility that appeal to a wide range of tenants and buyers. With median home prices still relatively affordable compared to other major cities, now is a great time to explore investment opportunities in Atlanta.

Investing in Atlanta real estate is not just about financial returns; it's about being part of a dynamic and growing community. The neighborhoods discussed in this article highlight the best that Atlanta has to offer, ensuring that your investment will be both profitable and rewarding. For more information and detailed market analysis, be sure to visit the referenced links and start planning your investment strategy today.

3547 Properties
Page 1 of 296
$474,900
Neighborhood: Capital View Manor
4
Beds
4
Baths
2,200
Sq.Ft.
1940
Year Built
1
Day on Site
10338160
MLS
$499,900
Neighborhood: Capital View Manor
4
Beds
3
Baths
0.4
Acres
1940
Year Built
1
Day on Site
10338161
MLS
$499,900
Neighborhood: Capital View Manor
4
Beds
3
Baths
0.4
Acres
1940
Year Built
1
Day on Site
10338164
MLS
Open 7/20
902 River Run Drive Atlanta,  GA 30350
$224,999
Neighborhood: River Run Condominiums
1
Beds
1
Baths
775
Sq.Ft.
1983
Year Built
1
Day on Site
10338170
MLS
$510,000
Neighborhood: Wolf Creek Country Club
4
Beds
2F11/2
Baths
0.41
Acres
2003
Year Built
1
Day on Site
10338183
MLS
Open 7/14
2718 Deerwood Lane SW Atlanta,  GA 30331
$261,000
Neighborhood: DEERWOOD RESERVE
3
Beds
2F11/2
Baths
1,470
Sq.Ft.
2008
Year Built
1
Day on Site
10321668
MLS
$169,900
Neighborhood: Baywood
3
Beds
2
Baths
925
Sq.Ft.
1960
Year Built
2
Days on Site
10337883
MLS
$199,900
Neighborhood: Mountain Manor Estates
3
Beds
2
Baths
1,330
Sq.Ft.
1961
Year Built
2
Days on Site
10337885
MLS
$230,000
Neighborhood: Sylvan Hills
2
Beds
1
Baths
904
Sq.Ft.
1942
Year Built
2
Days on Site
10337889
MLS
$225,000
Neighborhood: Glendale Heights
1
Beds
1
Baths
0.02
Acres
1965
Year Built
2
Days on Site
10337901
MLS
$919,000
Neighborhood: Oasis of Cascade
4
Beds
3F11/2
Baths
3,452
Sq.Ft.
2024
Year Built
2
Days on Site
10337914
MLS
$489,000
Neighborhood: Brae Burn Heights
2
Beds
2
Baths
1,202
Sq.Ft.
1950
Year Built
2
Days on Site
10337942
MLS
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange / Broker Reciprocity Program of Georgia MLS. Real estate listings held by brokerage firms other than Justin Landis Group are marked with the Internet Data Exchange / Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.

The broker providing this data believes it to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Information is deemed reliable but is not guaranteed. © 2024 Georgia MLS. All rights reserved. Data updated as of July 14, 2024.

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