Number 3 is where Atlanta ranked for best city for renters across the nation, according to a recent report from Rent Cafe.
The ranking was based on three main factors:
- Cost of living: Atlanta ranked 9th
- Local economy: Atlanta ranked 5th
- Quality of life: Atlanta ranked 25th
Atlanta’s high ranking might come as no surprise to both city residents and outsiders, as the southern metropolis has served as the Hollywood of the South for more than a decade. Additionally, the city serves as an emerging tech hub, with companies like Amazon expanding their Amazon Web Services (AWS) cloud infrastructure in metro Atlanta and food services and solutions giant Cargill opening a tech hub in Midtown.
“Atlanta has a lot of really great things going for it,” said longtime Atlanta real estate agent and property investor Apria Brown, who has been in the industry for over two decades. “We have a lot of good jobs. We’ve got the entertainment industry that’s driving a lot of jobs and opportunities this way. We have the healthcare industry, we have the tech industry.”
Amid Atlanta’s booming rental market and growing population, both Black homeowners and renters have an opportunity to benefit from it
“A lot of minorities decide to sell their home, but there really is value in taking a property and making it an investment property, if you have the leverage to do that,” Brown said.
These same properties that Black homeowners once paid a mortgage on can be used as rental properties for aspiring tenants who are moving to the booming city of Atlanta.
Even for those who don’t currently own rental properties, Brown emphasized not to shy away from the idea of owning property in the future.
“So if you can set a plan, set a goal, to purchase a home, either by yourself, with some friends, with some family, that is a pathway to building wealth,” she said.
Agents like Brown make an effort to share their knowledge about renting and investing with both minority renters and homeowners in Atlanta.
