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TOP TEN

Everyone wants to get the best value for their money, no matter what they’re buying. This is especially true when it comes to the single biggest financial decision in most people’s lives: buying a home.

If you’re a first-time home buyer, you’ve probably already learned that there’s so much more to figuring out where to buy than just home prices themselves. There’s convenience, safety, and other factors that all add up to paint a true picture of how desirable a particular neighborhood is.

After looking at factors including affordability, amenities, and safety, Movoto Real Estate’s tireless number-crunchers have determined that the following 10 neighborhoods are the best home-buying values in Atlanta right now:

1. Midtown
2. Buckhead
3. Cabbage Town
4. Ormewood Park-East Atlanta
5. Sandtown
6. Poncey-Highland
7. Grant Park
8. Morningside-Lenox Park
9. Oakland City (tie)
9. Inman Park (tie)

We’ll explain the methodology for this ranking at the end of the article, if you’re curious. For more on what makes each of these neighborhoods such a great pick, read on.

1. Midtown
Best Neighborhoods In Atlanta For Home Buyers

You might expect Midtown Atlanta to be one of the most exciting parts of this city in terms of sheer things to do, and you’d be right. It ranks third overall for the number of amenities within one mile—no surprise to anyone who’s seen the myriad shopping and entertainment options it has to offer, from Mary Mac’s Tea Room to the Vortex.

What you probably wouldn’t expect is that this neighborhood is actually surprisingly affordable (you pretty much have to be in the market for a condo, however) and safe.

In terms of the former, the ratio of median household income ($81,650 annually) to median home value ($359,188) is in the middle of the pack, while its low number of crimes compared to many other neighborhoods in Atlanta makes it one of the safest we looked at.

2. Buckhead
Best Neighborhoods In Atlanta For Home Buyers

Like Midtown, Buckhead’s a neighborhood that’s primarily going to appeal to those with a fondness for city living.

This bustling commercial district actually outdoes Midtown in terms of access to amenities—everything from shopping centers like Lenox Square to attractions like LEGOLAND Discovery Center and more are within a mile—but is was slightly less affordable overall (ranked 17th versus 13th for Midtown).

The median home value in Buckhead is among the highest in our ranking at $497,468.

3. Cabbagetown
Best Neighborhoods In Atlanta For Home Buyers

If you don’t make as much green as the folks looking to buy in our first two neighborhoods, Cabbagetown might be for you. It placed eighth overall in terms of affordability, with a median home value of $218,960.

While not nearly the hotspot for amenities as Midtown or Buckhead, this neighborhood still managed to rank 10th in this category, so there are plenty of shopping, dining, and entertainment options nearby (Little’s and the Carroll Street Cafe, to name just two).

Crime is a bigger factor here than in the above neighborhoods, ranking 11th overall.

4. Ormewood Park-East Atlanta
Best Neighborhoods In Atlanta For Home Buyers

The median home value in this part of Atlanta is actually a bit higher than in Cabbagetown at $222,960, but the neighborhood ended up being the third most affordable overall.

It may be very affordable, but that comes at a price: amenities. Ormewood Park ranked 20th out of 32 for the number of options within one mile, including favorites such as Morelli’s Gourmet Ice Cream and Gunshow (a great eatery, not what the name suggests). On the upside, it ranked 10th in terms of safety.

5. Sandtown
Best Neighborhoods In Atlanta For Home Buyers

The Sandtown area of Atlanta was the most affordable we found, with the second-lowest median home value at $126,814. The total crime rate in Sandtown is higher than in many of the other areas we looked at, but it’s still not considered an overly dangerous area. In fact, its quiet, suburban feel might be just what you’re looking for.

6. Poncey-Highland
Best Neighborhoods In Atlanta For Home Buyers

This historic neighborhood is home to—among other landmarks—Jimmy Carter’s presidential library. You don’t need to be a former world leader to live here, but this neighborhood is less affordable than any other in our top 10. The median home value is $319,767.

Poncey-Highland ranked much better than our previous neighborhood in terms of safety and amenities, however. It tied for first in safety and has the eighth most amenities within one mile, including lots of nightlife (the Clermont Lounge and Manuel’s Tavern are standouts).

7. Grant Park
Best Neighborhoods In Atlanta For Home Buyers

Taking its name from the expansive park it surrounds, this neighborhood is one of the oldest in Atlanta—in addition to being one of its most historic.

Grant Park is the 12th most affordable part of Atlanta we looked at, with a modest median home value of $204,931. Amenities aren’t as convenient or plentiful here as in Poncey-Highland, earning this neighborhood a 16th place berth in that category.

8. Morningside-Lenox Park
Best Neighborhoods In Atlanta For Home Buyers

Founded in the early 1930s, this neighborhood has kept up with the times by offering residents plenty of amenities, from Fat Matt’s Rib Shack to the ritzier Woodfire Grill. In fact, it ranked 14th overall in terms of things to do within one mile.

Morningside-Lenox Park is safer than Grant Park (tied for first versus 13th), but also slightly less affordable—19th overall. The median home value here is the second-highest in our top 10 at $491,562.

9. Oakland City
Best Neighborhoods In Atlanta For Home Buyers

Don’t let the name fool you—while it was at one point its own city, this neighborhood has since been absorbed by Atlanta proper.

Of all the neighborhoods in our top 10, Oakland City has the lowest median home value, $97,652, and is the fourth most affordable overall based on the median household income of residents.

The relative lack of amenities actually located in Oakland City brought it down a bit, placing 21st in terms of convenience with just 90 stores, restaurants, and other options within one mile of neighborhood center.

9. Inman Park
Best Neighborhoods In Atlanta For Home Buyers

Dating back to the late 1800s, Inman Park offers a mixture of affordable family homes and multi-million-dollar houses. Despite that last bit, this neighborhood was in the middle of the road in terms of affordability: 18th out of 32 overall with a median home value of $219,900.

The rest of its scores averaged out to place Inman Park in a tie with Oakland City. It fared better in terms of safety (15th versus 29th) and amenities within a mile (seventh versus 21st).

Atlanta Is So Hot Right Now
We hope this ranking has helped give you a clear picture of where you can get the most value for your money when looking for a new home in Atlanta. Of course, if you’d like even more, personalized help, we can do that, too. Just get in touch and we’ll connect you with a Movoto Certified Agent who can help you zero in on your perfect Southern home.

How We Created This Ranking
In order to produce the above list, we used median home value and median household income data from the 2010 U.S. Census to determine affordability (the ratio of home price to income), crime statistics from the 2012 FBI Uniform Crime Report to determine safety (total crimes per 100,000 people in each neighborhood), and business listings within one mile of the neighborhood to produce a number of total amenities.

We looked at 33 neighborhoods in all, and gave each a score from one to 33 in these three categories: affordability, safety, and amenities.

We then weighted those rankings so that affordability comprised 50 percent of the overall score, affordability comprised 30 percent, and safety made up the remaining 20 percent.

Finally, we determined each neighborhood’s average ranking across those three categories and the lower that number, the better.

Find This Article Helpful? Here Are Some More You Might Like:

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Authored by Randy Nelson

 

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