Featuring a diverse population that makes it one of the most multicultural cities in the nation, Atlanta is the ninth largest city in the country, a major center of commerce, and a primary transportation hub for the South Eastern United States.
Some of the nation's most recognizable companies are headquartered in Atlanta, including the Coca Cola Company, UPS, the Turner Broadcasting System, Delta Airlines, Home Depot, and AT&T. Atlanta residents are mostly employed in service, trade, and manufacturing jobs, but no single industry dominates. The large variety of business activity in the area helps ensure the continued strength of Atlanta's economy, making the city attractive to new professionals.
Atlanta Housing Market Trends: Rentals are in Demand
With the recent economic recession and housing downturn, a flood of foreclosures has hit the Atlanta real estate market, worrying prospective homebuyers. Although house prices have lately begun to stabilize, many residents are choosing to rent. This is especially true of younger generations, who tend to find the large, extravagant homes built by older generations of Atlanta natives to be ostentatious and excessive. This younger generation is more apt to rent than own, and the Atlanta rental market is heating up accordingly, with vacancy rates declining and rental rates climbing. Both savvy investors and the Atlanta property management companies are poised to earn big profits.
Atlanta Rental Market at a Glance
Percentage of renters
Rental vacancy rate
Median house price
Finding Atlanta Property Management Companies
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