Do you want to buy a home in Atlanta, but have no idea where to start? Join the club! Atlanta has become a prime destination for people across the country who are relocating to this city seeking a high quality of life, but a lower cost of living.
Just for sake of comparison, here are the most expensive U.S. cities in which to buy a home. (Statistics from the National Association of Realtors).
1. San Jose, Calif. | Metro area: San Jose-Sunnyvale-Santa Clara, CA
Median price of a single-family home: $1,070,000
2. San Francisco, Calif. | Metro area: San Francisco-Oakland-Hayward, CA
Median price of a single-family home: $815,000
3. Anaheim, Calif. | Metro area: Anaheim-Santa Ana-Irvine, CA
Median price of a single-family home: $750,000
4. Honolulu, HI | Metro area: Urban Honolulu, HI
Median price of a single-family home: $746,000
5. San Diego, Calif. | Metro area: San Diego-Carlsbad, CA
Median price of a single-family home: $564,000
6. Boulder, Colo.
Metro area: Boulder, CO | Median price of a single-family home: $548,400
7. Los Angeles, Calif. | Metro area: Los Angeles-Long Beach-Glendale, CA
Median price of a single-family home: $485,800
8. Long Island, NY | Metro area: Nassau County-Suffolk County, NY
Median price of a single-family home: $443,200
9. Naples, Fla. | Metro area: Naples-Immokalee-Marco Island, FL
Median price of a single-family home: $435,000
10. Seattle, Wash. | Metro area: Seattle-Tacoma-Bellevue, WA
Median price of a single-family home: $422,100
11. Boston, Mass. | Metro area: Boston-Cambridge-Newton, MA-NH
Median price of a single-family home: $414,200
12. Denver, Colo. | Metro area: Denver-Aurora-Lakewood, CO
Median price of a single-family home: $396,100
13. New York, NY | Metro area: New York-Newark-Jersey City, NY-NJ-PA
Median price of a single-family home: $386,000
14. Washington, D.C. | Metro area: Washington-Arlington-Alexandria, DC-VA-MD-WV
Median price of a single-family home: $383,500
15. White Plains, NY | Metro area: New York-Jersey City-White Plains, NY-NJ
Median price of a single-family home: $376,800
Fortunately, Atlanta isn’t quite that pricey. According to The Atlanta REALTORS, the median price of a house sold in the metro Atlanta area in February of 2018 was $250,000, up 10 percent from February 2017. Here is one good resource to find information on housing rates:
Housing Statistics | www.nar.realtor
In a series of upcoming articles, we’ll bring you information from national sources, interviews with local experts and stories from people in and around metro Atlanta who have successfully navigated the path to homeownership.
One of the best places to start is by finding out if you can qualify for grant money to help you put a downpayment on that house you’ve been dreaming of.
