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Home Property Tips :: Atlanta Residential Real Estate
Atlanta Residential Real Estate: Information on Residential Real Estate in Atlanta, GA
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Atlanta residential real estate has boomed over the last decade. As the larger metropolitan area grew by over 20 percent between 2000 and 2006, Atlanta became a city known for rapid, but responsible expansion.
The city has managed to absorb new residents while still implementing eco-friendly programs like increased transit and green building incentives.
If you're considering purchasing real estate in the Atlanta area, keep reading for more information on housing values, local employment and economic prospects, a breakdown of Atlanta demographic information and an overview of Atlanta attractions.
Housing Values in Atlanta
The median selling price for Atlanta residential real estate is just under $220,000. While homes are beginning to appreciate again, the city is bouncing back from a recent downturn in its local housing market.
However, thanks to concentrated growth, international facilities, and its status as a truly global city, Atlanta has retained its appeal to real estate buyers.
Employment and Economics in Atlanta
Atlanta is ranked third in the country, behind New York and Houston, in the number of Fortune 500 companies that have their headquarters within the city. Coca-Cola, UPS, Home Depot, AT&T Mobility, Arby's, Equifax, Delta Air Lines and more all call Atlanta and its surrounding areas home.
Major employers include the companies listed above, the Centers for Disease Control and Prevention (CDC), Cox Communications, SunTrust Banks, and AirTran Airways.
Demographics in Atlanta
The population of Atlanta proper is just 486,411, but the city metropolis is estimated to be over 5.1 million residents, and that number increases by over 250,000 if you include daytime commuters. The median age in the city is 34 years old and the median single income sits at about $42,000 per year.
The high school graduation rate is an impressive 76 percent, due partially to the city's low student to teacher ratio of just 14 to 1.
Atlanta Attractions
Atlanta is home to over 30 post-secondary schools including Clark Atlanta University, Georgia Institute of Technology, Georgia State, Morehouse College, Spelman College, Emory University, Agnes Scott College and many more.
Those interested in purchasing Atlanta residential real estate should also know about Atlanta's extensive community music resources, including the Atlanta Symphony Orchestra, Atlanta Opera, and Atlanta Ballet.
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HomePropertyTips.com :: Atlanta Residential Real Estate