When viewed at the zip code level, average home sale listing prices between 2012 and 2017 have increased everywhere across the 20-county Atlanta Metro Region*. The magnitude of increase, however, exhibits significant variation based on where within the region a home was sold, with the largest increases being shown in blue and the smallest [...]
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 [...]
In keeping with the housing affordability theme, today's Monday Mapday explores metro Atlanta's rental market. Though rents are on the rise throughout the metro area, rental increases are greatest in the suburbs (as shown in the map below). Areas shaded in dark blue in North Fulton County show the highest percentage change in average [...]
Our most recent update of The Quarter analyzes economic data in metro Atlanta for Q2 2017. The Quarter includes data on employment, home price indices, building permits, retail and office space, and more, with the goal of identifying what areas of our economy are striving and what areas are slower to recover. Visit The [...]
Nationally, the country is experiencing a delay in household formation among the millennial generation, as well as declining homeownership rates. This week's Friday Factday explores these trends in the 10-county metro area. In terms of homeownership, rates are way down in metro Atlanta - for all age categories, but especially among millennials (as shown [...]
How do transportation costs factor into affordable housing? When considering both housing and transportation costs, the window of affordability becomes even more narrow. These maps show where a family of four (two working commuters and two kids) that makes the area median income (approximately $57,000) can live if they want to pay less than [...]
A recent CityLab article highlights the nationwide challenge to afford housing. In very few areas (only 12 counties) can a worker making minimum wage and working 40 or fewer hours a week afford rent for a one-bedroom unit. "Affordability" is defined as paying less than than 30% of a household income for housing costs (for both [...]
Using Zillow data for Q3 of 2016, this map shows the percentage of homes that have negative equity (owe more on the house than what it is worth) for zip codes in metro Atlanta. The darker blue areas have higher percentages of homes with negative equity. The spatial patterns here roughly reflect the same [...]
Contributing to the affordability problem in Metro Atlanta is the fact that a significant number of subsidized rental homes are coming to the end of their initial subsidy period. To aid in prioritizing affordable housing preservation, Neighborhood Nexus and Enterprise Community Partners have developed the Metro Atlanta Affordable Housing Tool, which highlights subsidized properties [...]
These maps show areas in metro Atlanta that are most affordable (considering transportation and housing costs) for five different scenarios of family composition and income: A median-income family of four A working individual earning 50% of median regional income A retired couple at 80% of median regional income A single-parent family of three earning 50% [...]
