Decatur, Georgia: No Longer in the Shadow of Atlanta
Decatur, Where It’s Greater
Chalk it up to proximity, or charm, or urban renewal finally hitting a community that’s been under-priced for decades. Whatever the reason, Decatur, Georgia’s housing market is heating up. According to Homes.com internal research, interest in Decatur has increased 51% over last month. With downtown Atlanta located within easy reach, revitalized business districts, and lower than median home values, it’s easy to see why Decatur is quickly becoming the choice of Atlanta’s young professionals.
But the phenomenon is not limited to Decatur; Georgia is hot and the cities in Georgia are hot. According to searches logged on Homes.com last month, Georgia has the fourth hottest real estate market in the country, and among Georgia’s cities, Decatur was only beat by Atlanta and another of Atlanta’s satellite communities, Lawrenceville.
They don’t call it “Hotlanta” for nothing, and if Decatur continues to pique the interest of the young and upwardly mobile, who’s to say what could happen in the Atlanta housing market over the next few years.
A Small, Developed City, Next Door to Atlanta
According to the demographics-tracking website City-Data.com, Decatur is currently just over 20,000 residents strong. But it is growing at a rate of over 12% a year. Decatur is older than Atlanta and brought about the founding of its neighboring city by rejecting the Western and Atlantic railroad’s proposition to make Decatur its Southern Hub (the company founded Atlanta instead, and Decatur has spent nearly 200 years in the city’s shadow).
Job in Atlanta, Dinner in Decatur
According to the U.S. Bureau of Labor Statistics, the Atlanta area has seen job growth of almost two times the national average. Moreover, the Atlanta area has seen white collar jobs grow at almost three times the national average.
Atlanta clearly is a great place for young professionals to find work, and Decatur, with its lower than average home prices, is a great place for young professionals in the area to purchase a home. With the two cities less than a bike commute away from each other, young professionals can work in Atlanta, and dine in Decatur while spending a negligible amount of time in between.
The Decatur Difference
Where else in the Atlanta area can you get a very nice three-bedroom, two-bath single-family home for less than $250,000, or a newly renovated four-bedroom home for under $150,000, or a beautifully appointed two-bedroom condo in a gated community for just over $100,000? With prices like these, it’s easy to see why the young are flocking to purchase homes in Decatur.
Greater in Decatur
Opportunities to get into revitalizing a close-in urban community with undervalued properties in one of America’s biggest and coolest cities do not come along very often. With job growth in Atlanta outstripping the nation, and interest in Georgia, Atlanta, and Decatur on the rise according to internal Homes.com data, the time has never been better to get into Decatur’s housing market!
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