Wow! This info was very, very eye opening. A very large percentage of Georgia's population can't afford to buy with their current incomes and these prices. If folks didn't buy prior to the start of the pandemic or very soon thereafter, it's a lost cause. I'm in Lawrenceville and there are several new single family "rental" communities near me which is awful but I get it. Some prices have softened but most areas are continuing to rise. Thank God I bought when I did.
Yes, if you didn't buy before the pandemic, it definitely is a tough road right now. If you are a first time buyer, you should think more creatively like renting rooms in your home or purchasing a home with someone else (with a plan in place on what it looks like with joint ownership or if one of the owners wants or needs to sell). Being creative right now can help. Or wait it out and rent. If someone is renting, they should be using the money they are saving with renting to invest.
@@AtlantasRealMcCoy All very true, but even investing is sketchy at the moment. I've flipped my riskier 401k options to conservative ones for now. My standard portfolio has taken a hit.
@@just_mike613 Investments may take a momentary hit, but things like a 401k or IRA are for the long term. I have a few IRAs setup 11 years ago that took about 2-3 years to make any money. During those initial years, they were around 0% return on investment. Now its at a 9.2% year over year return. When I retire, they will likely be anywhere from 6-8% return on investment. And housing can be the same way (though with a lower return). In 2006 everything was great, 2008-2012 most people were under water with their homes. That started turning and now I think the average metro Atlanta homeowner has over $100,000 in equity in their home. Investing is always risky but with most solid long term investments, if you stay long enough, you will get a great return on that investment.
The cities I’d highly suggest people go and buy/invest in that’s VERY close to Atlanta proper and connected to Decatur are Lithonia, Stone Mountain, Tucker, Clarkston.
So I had to pull my own numbers since Sandtown is an area and not a city. With that said it seems like the median price for a home is around $539,900. That would put the monthly payment of a home with 20% down and 7% interest around $3540. That would require a monthly income of $11,800 and a yearly income of $141,600. Hope this was helpful and if you have any questions let me know.
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Conyers is east of Atlanta
Wow! This info was very, very eye opening. A very large percentage of Georgia's population can't afford to buy with their current incomes and these prices. If folks didn't buy prior to the start of the pandemic or very soon thereafter, it's a lost cause.
I'm in Lawrenceville and there are several new single family "rental" communities near me which is awful but I get it. Some prices have softened but most areas are continuing to rise. Thank God I bought when I did.
Yes, if you didn't buy before the pandemic, it definitely is a tough road right now. If you are a first time buyer, you should think more creatively like renting rooms in your home or purchasing a home with someone else (with a plan in place on what it looks like with joint ownership or if one of the owners wants or needs to sell). Being creative right now can help. Or wait it out and rent. If someone is renting, they should be using the money they are saving with renting to invest.
@@AtlantasRealMcCoy All very true, but even investing is sketchy at the moment. I've flipped my riskier 401k options to conservative ones for now. My standard portfolio has taken a hit.
@@just_mike613 Investments may take a momentary hit, but things like a 401k or IRA are for the long term. I have a few IRAs setup 11 years ago that took about 2-3 years to make any money. During those initial years, they were around 0% return on investment. Now its at a 9.2% year over year return. When I retire, they will likely be anywhere from 6-8% return on investment. And housing can be the same way (though with a lower return). In 2006 everything was great, 2008-2012 most people were under water with their homes. That started turning and now I think the average metro Atlanta homeowner has over $100,000 in equity in their home. Investing is always risky but with most solid long term investments, if you stay long enough, you will get a great return on that investment.
@@AtlantasRealMcCoyyou've done well. It's definitely best to play the long game. It definitely ain't checkers! 😂
Live in Conyers , Those numbers are pretty accurate for where we Live.
Thanks for watching and commenting.
The cities I’d highly suggest people go and buy/invest in that’s VERY close to Atlanta proper and connected to Decatur are Lithonia, Stone Mountain, Tucker, Clarkston.
Your stats are awesome...i really get a great idea of each area
Thanks very much! I appreciate you taking the time to comment. If you know anyone looking to buy or sell send them my way, I’d love to help them.
This is in South Fulton
Can you do Sandtown
So I had to pull my own numbers since Sandtown is an area and not a city. With that said it seems like the median price for a home is around $539,900. That would put the monthly payment of a home with 20% down and 7% interest around $3540. That would require a monthly income of $11,800 and a yearly income of $141,600. Hope this was helpful and if you have any questions let me know.