Atlanta Property Management Blog

Projected Value Changes in Metro Atlanta - Compass Property Management

Written by Alex | Mar 2, 2021 12:10:47 PM

Author: Alex Delaney

Purchasing a house in the current tight market is a difficult process, even if you have your ducks in a row. Houses are being snatched up within days, sometimes hours, of listing. With 40 to 60 offers per house, sellers have their choice of buyers and can afford to hold out for the best offer. That generally means that a cash offer, overselling price,  will command the most interest, particularly if the property can close quickly.

Knowing you’ll need to move quickly, once you’ve decided to purchase, we’ve researched local markets to give you a sense of average cost per zip code, and the projected value increase, along with the average rental price for a standard 3 bedroom, 2 bath. School ratings are also included as an important determinant for quality-minded tenants. We’ve also added current new builds for sale. By determining where you want to purchase before you wade into the buying waters, you’ll save valuable time.

We found the rental amounts on the low side. Rents have increased dramatically this year and this trend is expected to continue. Use the below table as a guide, but make sure to verify rental amounts when you narrow your area of focus.

If you read our blogs regularly, you know we believe the best investments are in B properties. They tend to have more stable tenants and are generally great equity builders if they are situated in the right areas. In Atlanta, you will find more A and B properties in the northern suburbs such as Cobb County, Cherokee County, and parts of Gwinnett county. You will find higher prices within the 285 perimeter due to the value associated with commute times and in-town amenities, but you must weigh the high prices against the benefits and potential value increases.

We hope the table below will help you narrow your target area and help you find the investment property that works best for you. Our stats come from Zillow and MLS, with median rental income from Rentometer.  This is a snapshot in time and the stats were gathered the week of February 25, 2021. While you should not see a huge change in these stats, they may fluctuate over the coming months.

 

Zip Code Zillow Median Value as of the end of Feb 2021 Zillow Value increase over the last year Zillow Projected value change over the next year Great Schools School Ratings Elementary, Middle, High score out of 10 Monthly median rent for a standard 3 bed/2 bath per Rentometer Number of New Builds Currently for Sale
Cobb County
30144 $266,843 9.3% 7% 6/10,7/10,7/10 $1,580 19
30064 $347,179 9.4% 7.2% 5/10, 5/10, 6/10 $1513 52
30062 $384,712 7.9% 6.7% 5/10, 5/10, 6/10 $1695 14
30008 $223,423 11.6% 7.6% 5/10, 5/10, 6/10 $1544 5
30101 $303,735 9.5% 7.1% 7/10, 8/10, 7/10 $1523 40
30060 $228,762 12% 8% 6/10, 5/10, 6/10 $1400 16
30075 $472,867 6.3% 6.2% 7/10, 6/10, 8/10 $1995 14
30082 $335,947 8.4% 7% 6/10, 5/10, 5/10 $1795 19
30106 $212,092 12.7% 7.6% 6/10, 5/10, 6/10 $1433 None noted
30126 $274,500 10.4% 7.3% 5/10, 5/10, 4/10 $1350 6
30127 $252,588 10.3% 7.2% 5/10, 7/10, 6/10 $1450 25
30141 $218,434 10% 7.1% 6/10, 6/10, 6/10 $1543 12
30168 $198,711 14.1% 7.8% 5/10, 5/10, 4/10 $1292 None noted
30188 $308,005 9.9% 7.1% 7/10, 7/10, 7/10 $1572 137
Cherokee County
30102 $259,124 10.4% 7.1% 5/10, 6/10, 7/10 $1390 75
30107 $301,064 9.8% 7.1% 5/10, 7/10, 8/10 $1850 18
30114 $310,923 9% 6.9% 5/10, 4/10, 5/10 $1608 113
30183 $305,999 8% 7.1% 4/10, 4/10, 5/10 $1600 13
30189 $308,505 10.3% 7.1% 8/10, 6/10, 7/10 $1556 35
Bartow County
30103 $185,030 8.9% 6.7% 7/10, 5/10, 6/10 Not Enough Data 5
30120 $210,056 8.1% 6.6% NA, 6/10, 7/10 $1095 55
30137 $188,670 7.4% 7.3% 4/10, 3/10, 5/10 Not Enough Data None noted
30145 $199,768 7.8% 6.5% 4/10, 6/10, 5/10 $1061 None noted
Paulding County
30179 $182,019 11.7% 6.7% 4/10, 6/10, 7/10 $950 4
30141 $218,434 10% 7.1% 6/10, 7/10, 6/10 $1543 24
30132 $257,443 9.9% 6.7% 7/10, 8/10, 6/10 $1420 85
30157 $217,133 10.5% 7.3% 8/10, 7/10, 6/10 $1409 73
30127 $252,588 10.3% 7.2% 5/10, 7/10, 6/10 $1450 45
Douglas County
30135 $226,388 12.4% 7.8% 8/10, 6/10, 7/10 $1300 48
30134 $197,475 12.2% 7.6% 6/10, 8/10, 5/10 $1243 9
30187 $242,028 12% 7.7% 8/10, 6/10, 7/10 $1238 None noted
Gwinnett County
30093 $214,870 12.2% 7% 4/10, 4/10, 3/20 $1445 None noted
30039 $239,824 11% 6.8% 4/10, 5/10, 4/10 $1449 1
30047 $269,758 10.2% 6.7% 8/10, 8/10, 8/10 $1475 79
30017 $302,366 9.1% 6.5% 8/10, 7/10, 7/10 $1545 29
30019 $308,547 9.3% 6.6% 6/10, 6/10, 7/10 $1750 57
30024 $400,584 7.6% 6.3% 9/10, 9/10, 9/10 $1830 142
30044 $243,388 10.4% 6.7% 8/10, 8/10, 8/10 $1495 18
30047 $269,758 10.2% 6.7% 8/10, 8/10, 8/10 $1475 79
30078 $252,276 9.7% 6.6% 6/10, 5/10, 5/10 $1484 33
30518 $296,551 8.9% 6.5% 7/10, 8/10, 6/10 $1675 47
Fulton County
30349 $177,781 9.3% 6.6% 2/10, 4/10, 3/10 $1245 46
30318 $288,597 8.7% 6.4% 3/10, 1/10, 2/10 $1975 132
30331 $207,380 10.5% 6.8% 4/10, 6/10, 7/10 $1350 38
30004 $487,607 7% 6.1% 8/10, 7/10, unk $1795 48
30309 $353,219 1.8% 5.1% 6/10, 7/10, 7/10 $3650 None noted
30291 $165,458 10.4% 6.6% 6/10, 5/10, 4/10 $1200 6
30342 $657,174 3.5% 5.6% 9/10, 7/10, 7/10 $2798 None noted
30310 $269,418 11.8% 7.6% 2/10, 5/10, 7/10 $1480 None noted
DeKalb County
30002 $410,241 7.2% 6% 4/10, 5/10, 5/10 $2200 None noted
30021 $195,074 14.6% 7.4% 5/10, 5/10, 5/10 $1057 None noted
30030 $534,547 7.9% 6.4% 4/10, 5/10, 5/10 $2300 None noted
30032 $229,830 15.3% 8% 2/10, 2/10, 3/10 $1374 None noted
30034 $246,677 9.5% unavailable 5/10, 4/10, 4/10 $1250 10
30038 $183,579 14.9% 7.6% 3/10, 3/10, 3/10 $1250 159
30058 $180,535 14.9% 7.5% 2/10, 2/10, 4/10 $1300 36
30079 $223,955 10% 7% 4/10, 5/10, 5/10 $1500 7
30084 $285,088 10.1% 6.6% 5/10, 5/10, 4/10 $1480 None noted
30088 $177,081 13.3% 7.4% 4/10, 4/10 3/10 $1249 None noted
30317 $451,247 8.2% 6.4% 1/10, 3/10, 2/10 $2063 None noted
30329 $442,742 6.7% 6.4% 6/10, 5/10, 5/10 $2105 7
30338 $527,817 6.8% 6.3% 7/10, 4/10, 7/10 $1925 9
30340 $290,613 7.9% 6.4% 4/10, 4/10, 5/10 $1750 None noted
30360 $385,101 7.2% 6.3% 8/10, 4/10, 7/10 $1450 None noted

 

You should always look at the total picture when determining where to sink your rental investment dollars and check more closely once you narrow your target area. But we hope this snapshot of local property tax rates will help in your decision-making. If you would like details about an area that is not included above, please don’t hesitate to contact us.