Atlanta is known across the country as one of the most affordable cities in the United States. However, not all areas in this metropolitan area are as affordable as the others.
With so much of your hard-earned money on the line, it might be best to start your home search by checking out these 9 affordable Atlanta suburbs. You may be surprised to find that you have some great options!
Determine your Budget Before You Start Your Home Search in Atlanta
The median national home price has been rising in the last year.
Financial experts say to try to make sure your monthly mortgage payment is no more than 25% of your take-home pay. They also say you should try to put down at least 10% – but 20% is even better!
You may want to live in the city or the suburbs. However, once you start your home search you might change your mind about where you actually want to be.
Why Should You Consider Living in the Atlanta Suburbs?
Considering the suburbs of any major city is a great idea when trying to make the most out of your budget since home prices are usually more affordable outside the metro area.
The national median home price in most major cities has gone up about 9% year-over-year while suburban home prices only went up 6%.
Recent data shows that many people living in expensive cities such as San Francisco and New York are looking for homes in more affordable locations that still offer major city life, like Atlanta.
In addition, affordable Atlanta suburbs have become a major player in the housing market. They can offer a homebuyer even more for their money!
It’s important to remember to check the cost of living in an area in order to compare how much it costs to live in one place versus another. This will reveal how far your money will go in different areas. These calculations should include housing prices for renters and utility costs for homeowners (electric, natural gas, and oil).
Shortage of Homes for Sale
One of the biggest factors affecting home affordability is a shortage of homes for sale. Housing inventory levels across the country are down this year compared with last year.
Remember the law of supply and demand tells us that low inventory increases competition over the homes that are available, which drives up the price.
There’s a chance you’ll be up against other buyers in your same position when looking for a home in the Atlanta suburbs.
Here are 9 Affordable Atlanta Suburbs To Consider
Decatur is a suburb of Atlanta with a population of almost 24,000 people. Young professionals and young families live in Decatur and its surrounding areas.
Neighborhoods surrounding Decatur include Toco Hills, Emory, Virginia Highlands and Inman Park. Many of these are walkable areas and they are known as “trendy”, so prices can rise based on popularity with proximity to these surrounding areas.
Decatur is approximately 5 miles northeast of downtown Atlanta. The unofficial motto of Decatur is “everything is greater in Decatur”.
Alpharetta can be described as a quiet, northern suburb of Atlanta. Located north of Fulton County, its reputation as an affluent suburb can make its housing costs seem a bit high. However, people who live in Alpharetta believe in its value! Many homes in Alpharetta get multiple offers and sell for list price.
3. Peachtree City
Peachtree City is a planned community south of Atlanta. It’s described as a golf cart community. Two-thirds of its residents own a golf cart. The New York Times said in a feature about the town, “Kids drive them to school (no driver’s license is required), seniors who have given up their cars drive their carts to the doctor and shopping”. The town was voted “best affordable suburb” in 2009.
4. North Druid Hills
With access to hundreds of different stores and restaurants, there is always something to do in North Druid Hills. There are many different safe and welcoming environments. The community is lively and fun with plenty of parks and trails. Midtown Atlanta is only 15 minutes away and the Atlanta airport is about 20-25 minutes away. This area is north of Decatur and east of Buckhead.
Emory University and Emory hospital are both top-rated and are located in North Druid Hills. For this reason, the area is one of the most sought-after suburbs of Atlanta. Those in the medical and academic fields flock to this area. It’s also known for its culture, sense of community, and charm.
Senoia Georgia is known worldwide for its television and cinematic successes. A popular television series The Walking Dead is filmed in Senoia. Some residents welcome tourists who come to catch a shooting of the show, while others see it as a negative.
Senoia has an interesting history as it was formed in 1825 by Chief William McIntosh who was killed soon after by his fellow Indians. In 1828 a large number of people from Newberry, South Carolina, came to the land to make a fresh start. Many artifacts can be found in Senoia’s Historical Society Museum. The median home price in Senoia is $254,000. It is located about 35 minutes south of Atlanta in Coweta County Georgia.
The median home price in Marietta is $290,700. Marietta has a very quaint town square, great shopping, and local restaurants. It has been called a great place to raise a family. Marietta is one of Atlanta’s largest suburbs. Its located 30 minutes from downtown Atlanta. Marietta maintains a relatively low cost of living even though it has very high-quality housing options.
7. Powder Springs
Powder Springs Georgia is home to the popular Silver Comet Trail. Multiple parks are interconnected by the city trail system. A new downtown park featuring an amphitheater began construction in 2019. Powder Springs is in Cobb County, Georgia, and has a population of about 15,000. Powder Springs is an affordable suburb of Atlanta with great prices on housing. It is 30 minutes from downtown Atlanta.
Cartersville, Georgia is located within the northwest edge of the Atlanta metropolitan area. It is about 45 minutes away from downtown Atlanta. The average price of a 2 bedroom single family home in Cartersville is $193,000.
9. Stone Mountain
Stone Mountain is a place with many median income neighborhoods. As with other neighborhoods around the Atlanta area, driving just five miles in any direction can make a change in your surroundings and home prices. Stone Mountain has some old colonial homes that have been transformed into townhomes as well as large southern style homes with big wrap-around porches.
Are you looking to call the Atlanta suburbs home? If so, SimpleShowing is here to help. Our experienced agents are knowledgable of the metro Atlanta area. With their help, you will be sure to find the home of your dreams and save money through our Buyer Refund Program. Contact us today to learn more!