Are you hesitant about buying a home in Atlanta due your budget? Do you feel that you have been priced out of your target neighborhoods? Good news: it is still possible for first-time homebuyers to find an affordable home in Atlanta, even in some of the city’s more affluent neighborhoods. You might have to dig a little deeper, but the deals are there to be found. Before you give up the search, take another look at some of these Atlanta neighborhoods.
Yes, we said Midtown. It’s in the heart of the city, it’s walkable, it’s close to shopping, dining, nightlife and parks, it’s one of the most popular parts of town — yet Midtown is still remarkably affordable, with median home values around $274,000. While you will see homes approaching and exceeding $1 million in value, you can also find plenty of luxury condos in the low to mid-$200s. The best of Intown living is truly accessible, even for tighter budgets.
Old Fourth Ward
This eclectic, revitalized neighborhood is rapidly gaining in popularity, which means it’s also increasing in price. The median home values have jumped to the mid-$400s recently, with a growing number of homes exceeding $1 million. However, there are still plenty of deals to be found in the O4W, with the occasional smaller home in the mid-$300s, and plenty of great condos and apartments from the high-$100s.
With median home values in the high-$400s and streets lined with million-dollar properties, you wouldn’t think this historic Victorian neighborhood could be host a plethora of affordable homes. Keep your eyes open; occasionally a great deal with show itself. It’s not uncommon to find a great place for around $300,000 here.
These days, Buckhead is the last place in town most people associate with the word “affordable,” but the nearby neighborhood of Chamblee is a hidden gem with plenty of fantastic homes that are also quite affordable. Sure, you will see the million-dollar properties around, but you can also find homes in the mid-$300s convenient to Peachtree Golf Club.
The agents of Atlanta Fine Homes Sotheby’s International Realty are highly knowledgeable of Atlanta real estate, and we know where to look to help you find an affordable home, even in some of Atlanta’s most affluent neighborhoods. For more information, give us a call at 404.948.4812.