Atlanta, Georgia

Year over Year as of 6/30/21

Atlanta, Georgia

Year over Year as of 6/30/21
  • Population Growth

    1.86%

  • Rent Growth

    13.3%

  • Employment Growth

    1.0%

  • Occupancy Rate

    96.1%

  • New Supply

    12,960 Units

  • % of Stock

    2.9%

  • Acquisition Price

    12%

  • Cap Rate

    -80 bps

Market Dynamics

An influx of young adults is boosting demand in Atlanta. The 20-34 age group, the most likely to be renters, grew by 19,000 in Atlanta during the last year compared to a nationwide loss of 74,000 due to millennials aging. A 26% spike in home prices also boosted rentals.

Sources: CoStar, Real Capital Analytics, RealPage, Marcus & Millichap

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