Affluence in Atlanta – Look to the North

It’s pretty broadly known that affluence in the greater Atlanta area is concentrated largely north of the city and up the 400 corridor. An article in the Atlanta Business Chronicle reinforces that, as does the demographic information posted throughout this site. According to the American City Business Journals, zip 30327 is the most affluent in Georgia and 60th nationwide. Half of the top ten zip codes in GA are in the north metro area.north atlanta real estate market

Metro Atlanta’s wealthier suburbs dominate the list of Georgia’s most affluent cities, topped by Berkeley Lake and followed by Milton, Johns Creek, Avondale Estates and Alpharetta. Outside of the Perimeter, the most affluent neighborhoods, virtually without exception, surround the highest-achieving schools. Families with high household and/or per capita incomes are drawn to suburbs including Berkeley Lake, Milton and Johns Creek not just because houses are less expensive than intown neighborhoods like Buckhead, but because of their schools’ high test scores and graduation rates. “You’re going to go to the best school your income allows,” he said. “If you can’t afford Buckhead, you go to Sandy Springs. If you can’t afford Sandy Springs, you go to the schools up in North Fulton. If you can’t afford North Fulton, you go to South Forsyth. It’s called ‘drive till you qualify'”.

These affluent areas also score at or near the top in income from salaries, investment income, percentage of residents holding white-collar jobs and educational attainment. Those communities with highly regarded schools command better home prices, attract higher end commercial development, better retail and they tend to weather the real estate ups and downs much better than other areas. This is looking back at the data for areas like Milton, Roswell and Johns Creek. Inside the Perimeter, zips like 30327 continue to see massive new homes being built on lots where the original homes have been torn down. During the boom this “McMansion” craze took on a life of it’s own and areas did crash hard but in most every case, these were areas that lacked the fundamental strength to maintain the rapid appreciation and growth.

If you’re ready to buy or sell a home in the North Atlanta real estate market, contact us today or call us at 678-428-8276.

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