Learn Why Metro Atlanta is a Fairly Affordable Home Ownership Market… www.househuntatlanta.com
Who Do You Know Interested In Buying or Selling Either Residential or Commercial Real Estate!
www.househuntatlanta.com
Atlanta housing relatively affordable
by the Atlanta Business Chronicle
Metro Atlanta is a fairly affordable home ownership market, but it’s also a more pricey rental market, according to a new study from the Center for Housing Policy.
In 2009, Atlanta was the 104th-most expensive home ownership market out of 210 markets studied and had a median home price of $150,000. In 2008, the area was ranked 115th with a median price of $153,000.
The markets with highest median home prices were San Francisco ($625,000); San Jose, Calif. ($465,000); Honolulu ($450,000); Santa Ana, Calif. ($435,000); and Santa Cruz, Calif. ($431,000).
Click here to see the complete CHP study.
As far as the rental market, Atlanta was ranked 78th out of 210 metros with an average monthly rent of $912 for a two-bedroom unit. In 2008, Atlanta ranked 65th with a average rent of $878.
Rents rose in 89 percent of the markets studied, with only 23 metro areas experiencing a rent decrease. The markets with highest monthly rental rates were San Francisco ($1,760); Honolulu ($1,704); Santa Cruz, Calif. ($1,656); Santa Ana, Calif. ($1,594); and Suffolk County-Nassau, N.Y. ($1,592).
“While the green economy holds substantial promise as a source of higher-paying jobs, there are still many housing markets in which green economy workers cannot afford the costs of buying or renting a home,” said John K. McIlwain, senior resident fellow and the J. Ronald Terwilliger chair for housing at the Urban Land Institute, in a release.
The green economy McIlwain refers to is the one where homes and businesses are becoming more energy efficient to help produce clean and sustainable energy, a growing sector in today’s economy.
“We must develop the common sense, cost-effective policy solutions at the state and local levels that will help ensure long-term affordability for green economy workers and others,” McIlwain said. Otherwise, our work force will face longer commutes and higher transportation costs, leading to increased traffic congestions and adverse environmental impacts.”
Please leave a comment, I would love to hear your thoughts!
It is in your moments of decision that your destiny is shaped.
“Profits are better than wages”… Jim Rohn
Hank Jennings
C.E.O., H&H Diversified Solutions LLC.
If interested in International or Domestic business opportunities please contact me @ facebook.com/hank.jennings or call 24 hours a day @ 404-935-0395
Buy Video Phone Now <- Buy One Now, click here!!!!
The Hottest International Blog The WealthCurve
Atlanta’s Hottest Real Estate Site
If you enjoyed this post, please consider to leave a comment or subscribe to the feed and get future articles delivered to your feed reader.
Comments
No comments yet.
Sorry, the comment form is closed at this time.