Atlanta Real Estate Market: July 2024 Stats and Trends
Real estate has become a popular avenue for people looking to diversify their income streams and potentially hedge against inflation. Whether you’re a seasoned pro or just getting started in investing, Atlanta, GA, is certainly worth considering.
Life in Atlanta offers a lively, diverse, vibrant pace of living. Think everything from live music, to soul food, to some of the best universities and schooling systems in the country. It boasts great weather year-round plus all of the art, shops, dining, and green spaces you could ever want. Also known as one of the United States' top entertainment and film hubs, this city truly has something for everyone.
But what about the Atlanta real estate market in July 2024? What do stats and trends look like contemporarily? Facts and figures are constantly changing, so we’ve gathered all the most up-to-date information for you.
Here are some of the top trends for the Atlanta real estate market (July 2024):
Atlanta General Statistics
- Population (city proper): 498,386 (up .01% since 2017)
- Population (metro area): 6,222,908
- Area (city proper): 135.3 sq. mi.
- Area (metro area): 8,685.7 sq. mi.
- Median Age: 34
- GDP (metro area): $525.8 Billion
- Unemployment rate (metro area): 2.8% (down -.2% since January 2024)
- Top employers: The Home Depot, UPS, Delta Airlines, Coca-Cola Company, GE Energy Management Services LLC, Arby’s, Bellsouth Telecommunications INC, Cox Enterprises, Cox Media Group, WestRock.
- Highest paying jobs: Oral Surgeon, Anesthesiologist, Assistant Professor of Surgery, Transplant Surgeon, Physician, Interventional Pain Physician, Hospitalist Physician, Pain Management Physician, Finance Services Director, Child & Adolescent Psychiatrist.
- Median income (per capita): $61,617
- Median income (household): $83,251
Atlanta Real Estate Market (July 2024) Statistics\
- Neighborhoods: 208
- Homes for sale as of July 2024: 5,721
- Median list price: $425K (up 1.6% since January 2024)
- Median sold price: $362.5K (down -3.3% since January 2024)
- Sale-to-list price ratio: 99%
- Median price per square foot: $270
- Median days on market: 43 (down -17% since January 2024)
- Rental vacancy rate: 1.6%
- Homeowner vacancy rate: 1.8%
- One-year appreciation rate: +2.0%
- Average rent: $1,797
- Price-to-rent ratio: 15.65
- Most expensive neighborhoods:
- Least expensive neighborhoods:
Final Thoughts: Atlanta Real Estate Market (July 2024) Trends
The Atlanta real estate market is constantly changing and evolving. But the potential for investors to profit is near-constant. Whether you’re an experienced real estate investor or brand new to the industry, the Atlanta real estate market could provide ample opportunity to build your portfolio.
Get Started Buying Homes With Evernest
Whether you’re purchasing one Atlanta home or one hundred, you don’t have to go it alone.
If you’re ready to buy your first (or next) investment property, here are three steps to get started today:
- Subscribe to our podcast: The Evernest Real Estate Investor Podcast—for all things real estate investing, being a landlord, growing your portfolio, and more.
- Find a property: Make sure you sign up for our Pocket Listings to get notified of all the deals that come across our desk daily.
- Get an investor-friendly agent: We can help with that—we would love to help you buy your next rental property investment.
This content was originally published on Evernest.co.
