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Atlanta Metro Report: March 2017

The Zumper Atlanta Metro Report analyzed over 17,000 active listings in February across the 11 metro cities to show the most and least expensive cities and cities with the fastest growing rents.

Cities Ranked By Rent

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Most Expensive

– Atlanta, GA was the most expensive city to rent, as the median price for one bedroom apartments was $1,350 this month, which was $435 pricier than the state median.

– Johns Creek, GA was one spot behind with a median one bedroom rent of $1,210.

– Alpharetta, GA finished as the 3rd priciest city on the metro list for Georgia. One bedroom rent hovered at $1,200.

Least Expensive

– Gainesville, GA was the most affordable city to rent in the Atlanta metro area. One bedrooms were priced at a median of $690, well below the state median.

– Norcross, GA ranked as the second most affordable city with rent at $770.

– Marietta, GA came in as the third least expensive city, with one bedroom rent priced at $880.

Yearly Growth Rate

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Fastest Growing

– Rosewell, GA topped the list as the city with the fastest growing rent in the Atlanta metro area. Rent was up 15% since last year.

– Dunwoody, GA experienced a 12.1% yearly growth rate in prices, making it the second city with the fastest growing rent.

– Marietta, GA, close behind Dunwoody, had the price of one bedroom units rise 11.4% since this time last year.

AtlMet

Full Data

CityPrice (1 Bd)M/M %Y/Y %Price (2 Bd)M/M %Y/Y %
Atlanta$1,3500.7%5.5%$1,7000.6%6.3%
Johns Creek$1,2100.8%3.4%$1,440-0.7%-0.7%
Alpharetta$1,200-1.6%6.2%$1,4100.0%6.8%
Dunwoody$1,2005.3%12.1%$1,5404.8%15.0%
Sandy Springs$1,190-4.8%-9.8%$1,400-4.8%-15.0%
Smyrna$1,150-5.0%6.5%$1,2400.0%-7.5%
Roswell$1,060-5.4%15.0%$1,190-4.8%13.3%
Newnan$9104.6%9.6%$9900.0%11.2%
Marietta$8800.0%11.4%$1,0201.0%7.4%
Norcross$770-2.5%2.7%$970-1.0%12.8%
Gainesville$6901.5%4.5%$8000.0%-5.9%

About

The Zumper Atlanta Metro Report analyzed over 17,000 listings that hit the market in February 2017. Listings are aggregated by city to calculate median asking rents.

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This post first appeared on The Zumper Blog | Rental Market Trends, Real Estat, please read the originial post: here

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Atlanta Metro Report: March 2017

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