There are many reasons why Atlanta is considered one of the best places to live in the United States. Aside from its great weather, residents also enjoy a thriving economy, plenty of job opportunities, excellent food, and vibrant nightlife.
As Atlanta is one of the fastest-growing metro areas in the country, this city is also an excellent place for investing in real estate. But to become a profitable investor, you’ll need to find the best area in the Atlanta real estate market.
Keep in mind that similar to other large metro areas, there are some neighborhoods in Atlanta that are more profitable than others. That is why it’s important to thoroughly research your real estate options before picking a specific Atlanta neighborhood to invest in.
For this reason, we at Rent Appeal have put together the following article:
What to Consider When Choosing a Location
Some areas are better than others for a real estate investment. So, to find the best area to invest in Atlanta, you need to consider the following factors:
- Safety: An area’s safety is one of the most essential factors to consider for your investment. So, before buying any investment property, ensure that the area you are buying in is safe to live in.
- Amenities: Your tenants will prefer to stay in a neighborhood that offers convenience and a great quality of life. The best local areas to invest in are those that have easy access to public transportation, as well as essential facilities like hospitals, schools, supermarkets, and banks.
- Business facilities: Neighborhoods that are close to offices or other places of business are great for investing in rentals. After all, most workers in Atlanta want to live near their workplace.
Top 5 Areas in Atlanta to Invest In
To help you find the best neighborhoods in Atlanta to invest in, we have profiled every area and listed our top five picks below:
Old Fourth Ward
The Old Fourth Ward is an urban area that is ideal for those who want to live in a vibrant and bustling district. With lots of things to see and do, as well as new many developments, Old Fourth Ward is one of the most sought-after places to live in Atlanta.
The Old Fourth Ward is also known for its rich history and was home to Martin Luther King Jr. It is also a National Historical Site, and one of the most visited places by both residents and tourists.
Moreover, the neighborhood connects to a variety of other places through the Atlanta BeltLine. Visitors love to go to the Ponce City Market, Historic Fourth Ward Park, and plenty of breweries and restaurants that are easily accessible through the BeltLine.
Morningside is an upscale Atlanta neighborhood that offers peace and luxury. Residents enjoy the premier shopping experience, the best dining, and vast, gorgeous homes. This area is a great location if you want to attract tenants with kids.
It is a generally safe neighborhood that’s ideal for raising a family. Morningside is also home to some of the best schools in Atlanta, including Jackson Elementary and Smith Elementary schools.
The drawback is that Morningside is one of the most expensive places to live in Atlanta. In fact, most homes in Morningside are priced at a few million dollars. But the good news is that you have the option to invest in condo units that you can rent out to young professionals or small families.
Virginia-Highlands is a great place for those who love craftsman-style houses, tree-lined streets, and the small community vibe. This neighborhood is popular for its history, shopping centers, and dining options, it also has lots of recreational activities too.
Virginia Highlands is also an ideal place for families with kids. It is a generally safe area that is home to two high-rated elementary schools in Atlanta, the Morningside Elementary and Springdale Park schools.
Inman Park (Beltline)
The Atlanta Beltline used to be known as the abandoned railway. Nowadays, it’s a popular area that many people want to live in.
Inman Park is home to plenty of condos, apartments, and townhouses. Residents can walk, bike, and skateboard on the path. You can also see grocery stores, pubs, restaurants, and parks along the path. There are also many good schools nearby, making it a good place to live for those who have kids.
If you want to buy an investment property in an area that offers a more urban feel, Midtown is the perfect place for you. This neighborhood is home to a variety of tourist spots, including the Fox Theatre, the High Museum of Art, and the Margaret Mitchell house.
Moreover, Midtown is a relatively safe place to live and raise kids. There are also high-quality schools nearby, which is one of the most important facilities that every tenant with kids is looking for.
There are also many newly renovated bungalows in the neighborhood. But investors who are on a smaller budget may choose to buy condo units instead, which are among the most popular property types in the area.
If you are still unsure of where to buy an investment property in Atlanta, it’s best to work with a professional property manager. At Rent Appeal, we are the experts in the Atlanta real estate market. We know the neighborhoods that can help you earn the highest possible returns.
Additionally, we can help connect you to real estate agents so you can find the best investment property in one of the best areas in Atlanta.