Updated about 11 hours ago on . Most recent reply
Emerging Multifamily Markets near Atlanta
Hello! Im a first time homebuyer who lived in Forest Park, Georgia for 10 years and then moved onto college in the state of florida. Im exploring multifamilies near my area (Orlando) but wanted to consider out of state investing in Georgia instead of states where I am absolutely not familiar with (midwest etc). Any up and coming cities in Georgia where job growth, population growth, and increasing steady rental demand seem to be present? Thanks!
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Hey @Steven Rodriguez Welcome back to the ATL via investing! Off the top, I'll list three of the "strongest markets" right now near and around ATL that cover all three of your requests. Obviously, I don't know exactly what lane you're carving into yet, which could help narrow down "best places". For instance, are you looking at small MFs or commercial MFs? And what's your strategy, is it LTR, MTR, STR, or a mix? The three spots I named below should cover all 3 strategies...
1. Savannah Metro: Because of Hyundai's EV plant and supplier network, Chatham & Bryan County is ranked among the fastest-growing counties in the U.S (FYI). Savannah is great for all 3 strategies LTR for steady workforce housing, MTR for contractors, and STR because of the location appeal it has, stuff going on year-round.
2. Athens: Because Athena Studios is fueling film production out here, plus you've got the University of Georgia and a strong healthcare base. Athens is better for MTR and LTR and STR can work in certain pockets depending on regulations.
3. DeKalb / East Atlanta (Stone Mountain, Tucker, Doraville): Because Electric Owl Studios and Assembly Atlanta are running, and the Georgia Film Academy just expanded there. MTR and LTR are better for this pocket.
If you want to dive deeper and really match these markets to your strategy, feel free to DM anytime.
- Lateefah Mathews
