Appreciation: ATL home prices

[Mel Park]

I don't live in Georgia but I own a few townhomes there for rent,.   3bed/2.5 baths - areas like Acworth and Marietta.    Bottom line I bought them ----halfway thru the Covid craze for $245k.   They were up to $345K value for awhile and right now, I believe they'd sell around 305K. '

I came to the area about 1 year ago and certainly the growth, the incomes, the diversity, all the good stuff was apparent. BUT - - man I saw all the new developments and I figured "ok, we're overbuilt....great".       I'd like to think I have *some* advantage in that the newer units are asking $2450-2800 for rents, whereas I'm happy at $2k.

For 3 years I've had not ONE tenant problem. Good management in place. 

But I'm starting to wonder if and when some appreciation resumes, and if and when market will dictate rent increases.

Appreciate any opinions - thanks