Hotlanta is getting hotter and home prices are rising! First Multiple Listing Service’s InfoSparks data reports home prices in Metro Atlanta climbed 6.6 percent last year, with another 6.3 percent increase so far in 2019.
Affordability may be a top concern for anyone looking for a place to live in Atlanta. Will your income cover housing and living expenses, allow you to save, and still cover non-essential items? The 50-30-20 rule — a well-established yardstick for income distribution — states that 50 percent of your take-home income should go to housing and necessities such as utilities, food, and transportation; 20 percent should be earmarked for savings; and 30 percent allocated for flexible, non-essential spending.
This rough estimate of what you can afford can help you determine your price range. As prices increase in Atlanta, Clayton County’s various home options combined with its growing cultural and recreational amenities, business opportunities, improved schools, and newly-elected leadership are more attractive than ever.
Clayton County real estate has developed into Atlanta’s best bang-for-your-buck housing market
New-home communities are popping up county-wide, with listings from the mid $100s to the $300s and an average sales price of just $202,320. Throughout Clayton County, you will find traditional properties listed from more than $2 million to less than $90,000. Plus, if you are interested in building a custom home, abundant, affordable land puts that dream well within reach. But get in before it’s too late, prices in Clayton County are rising.
Rental prices range from $3,200 to just $550 per month, with an average monthly rate of $1,079.
Clayton County has a home to match almost any budget – high or low – for less than you would expect to pay for comparable property elsewhere in the metro area.
Here’s a summary of Clayton County real estate — median listing home prices, according to Realtor.com (as of 5/31/2019), plus the area’s neighborhood attractions:
Jonesboro (County Seat)
Median Listing Home Price: $140,000
Neighborhood Attractions: Road to Tara Museum, Stately Oaks, Warren House, Lee Street Park & Amphitheatre, Downtown Jonesboro Historic District, International Park / Atlanta Beach, J. Charley Griswell Senior Center, Lake Spivey Golf Course, Clayton Connects walking trails, Jim Huie Recreation Center, Steve Lundquist Aquatic Center, Panhandle Park, Independence Park, Jester’s Creek/Greenway, J W Arnold Park, Bonanza Road Park, J Charley Griswell Park, Clayton County Performing Arts Center, Arts Clayton
Median Listing Home Price: $162,000
Neighborhood attractions: Hartsfield Jackson International Airport
Median Listing Home Price: $121,000
Neighborhood attractions: Reynolds Nature Preserve, State Farmers Market
Median Listing Home Price: $175,000
Neighborhood attractions: Pine Circle Park, Grant Road Park
Median Listing Home Price: $350,000
Neighborhood attractions: Rivers Edge Greenway
Median Listing Home Price: $89,900
Neighborhood attractions: State Farmer’s Market, Gillem Logistics Center, Starr Park, Forest Park Recreation Center, Main Street Redevelopment
Median Listing Home Price: $215,000
Neighborhood attractions: South Clayton Recreation Center, Lovejoy Community Garden, Newman Wetlands Center, Lovejoy Regional Park
Median Listing Home Price: $129,000
Neighborhood attractions: Clayton State University, Spivey Hall, Southlake Mall
Lake Spivey Estates, Jonesboro, GA
Median Listing Home Price: Information not available on Realtor.com, but can be provided upon request**
Neighborhood Attractions: Lake Spivey (private access), International Park / Atlanta Beach, J. Charley Griswell Senior Center, Lake Spivey Golf Course, Clayton Connects walking trails
Median Listing Home Price: $174,000
Neighborhood attractions: Gerald A. Matthews Complex, South Clayton Recreation Center, Mayor’s Park, Lovejoy Community Garden
Median Listing Home Price: $128,000
Neighborhood attractions: Southlake Mall, Mount Zion Business District, Reynolds Nature Preserve, Paradise Park, Maddox Road Park, Clayton State University, Spivey Hall
Median Listing Home Price: $130,000
Neighborhood attractions: Historic Rex Mill, Carl Rhodenizer Center, Rex Park
Median Listing Home Price: $130,000
Neighborhood attractions: Frank Bailey Senior Center, Virginia Gray Recreation Center, Riverdale Town Centre, Riverdale Regional Park, Flat Shoals Park, Southern Regional Hospital
The bottom line is this: Clayton County real estate has a home to match almost any budget – high or low – for less than you would expect to pay for comparable property elsewhere in metro Atlanta. In my next post, I will share even more reasons why Clayton County is on the move. If you are interested in finding out more about how Clayton County can become your new home, call me at 678-644-1712; or send an email: email@example.com.
*A portion of these cities lie in Clayton County, GA
**Custom reports are provided upon request
Pictured: An example of new home construction in Clayton County, GA
About the Publisher
Altimese Dees founded The Real Estate Gallery of Georgia, LLC., in 2008 out of a passion and commitment to providing real estate representation to buyers, sellers, property owners, investors, builders, corporations and governments. Altimese is the publisher of ComeHome2Clayton.com. If you are in the market to buy or sell a home or office in Georgia, please contact Altimese Dees, Broker/Owner, The Real Estate Gallery of Georgia; Direct: 678-644-1712; Email: firstname.lastname@example.org; Web: www.RealEstateGalleryGA.com and www.TrustedRealEstateConsultant.com.