Overall, Atlanta is an affordable place… or is it? Housing affordability is a concern, not just in the metro Atlanta region, but in communities throughout the nation. The July 2017 Regional Snapshot explores the region’s housing affordability, identifying those factors that are challenges to maintaining affordability, and comparing the metro Atlanta region to our peer metros, as well as national trends.
Highlights from this snapshot:
- Home ownership and household formation rates down dramatically, compared to historic trends
- Home prices rising significantly – faster than wages – due in large part to dwindling supply
- Adding in transportation costs worsens an already worsening affordability picture
- Rental market offers no relief – rents are rising dramatically as well, especially in the suburbs
- Majority of low-income housing located in low opportunity areas, maintaining the cycle of poverty
Click through the slides below or download the PDF Regional Snapshot: Affordable Housing July 2017