Whether you’re a tenant looking for a new home or an investor wondering where to buy a rental property, you need to know where the best neighborhoods and markets are found in Georgia.
The real estate market in Atlanta and throughout Georgia has been fast-paced and competitive in 2021, especially as recovery from the pandemic gets stronger. If you’re an investor looking to buy a single-family home, you’ll have to be prepared. Your offer may have to be above-market, and it will help if you’re paying in cash.
If you’re a tenant looking for a new rental property, you might also find a competitive rental market that requires you to be strategic with your budget and the list of things you’re not willing to compromise on when it comes to your next home.
With finances and flexibility in mind, we’re identifying 12 of the best cities in Georgia for renters.
Where to Rent In Georgia
Our Top 12 list is based on a number of factors including available inventory, value for price, and potential for tenants to settle in and stay for at least a few years. We focused on areas with desirable neighborhoods that have good schools, proximity to shopping and entertainment, and a steady pace of growth that’s likely to continue.
Here’s where we recommend you look:
Investors: Why Buy in These Georgia Markets
The Atlanta housing market is expected to see one of the country's steepest rises in home prices next year, according to the 2021 housing forecast from Realtor.com. We expect a growth of 6.7% in 2021, compared to a 5.7% increase nationally. This positions the Atlanta market as one of the top 20 markets for price increases and appreciation.
Population growth is driving the housing market throughout Georgia. According to the U.S. Census, more than 250,000 people relocated to Georgia in 2019. These residents are looking for well-maintained rental homes in desirable locations. When you invest in these communities, you’re never going to have a shortage of tenants.
Tenants: Why Rent in These Georgia Markets
If you’re like most renters, you’re looking for attractive, well-maintained homes in safe locations that offer a high quality of life. The 12 areas we’ve listed above will provide all of that. There’s plenty of opportunities for both employment and recreation. You’ll have access to good schools, lots of entertainment, and an easy way in and out of downtown Atlanta and everything the city has to offer.
Obviously, the neighborhood that’s best for you as an owner will depend on your investment goals. If you’re a tenant looking for a new home, your best Atlanta neighborhood will also depend on what you’re looking for and how much rent you can afford.