Author: Alex Delaney
Purchasing a house in the current tight market is a difficult process, even if you have your ducks in a row. Houses are being snatched up within days, sometimes hours, of listing. With 40 to 60 offers per house, sellers have their choice of buyers and can afford to hold out for the best offer. That generally means that a cash offer, overselling price, will command the most interest, particularly if the property can close quickly.
Knowing you’ll need to move quickly, once you’ve decided to purchase, we’ve researched local markets to give you a sense of average cost per zip code, and the projected value increase, along with the average rental price for a standard 3 bedroom, 2 bath. School ratings are also included as an important determinant for quality-minded tenants. We’ve also added current new builds for sale. By determining where you want to purchase before you wade into the buying waters, you’ll save valuable time.
We found the rental amounts on the low side. Rents have increased dramatically this year and this trend is expected to continue. Use the below table as a guide, but make sure to verify rental amounts when you narrow your area of focus.
If you read our blogs regularly, you know we believe the best investments are in B properties. They tend to have more stable tenants and are generally great equity builders if they are situated in the right areas. In Atlanta, you will find more A and B properties in the northern suburbs such as Cobb County, Cherokee County, and parts of Gwinnett county. You will find higher prices within the 285 perimeter due to the value associated with commute times and in-town amenities, but you must weigh the high prices against the benefits and potential value increases.
We hope the table below will help you narrow your target area and help you find the investment property that works best for you. Our stats come from Zillow and MLS, with median rental income from Rentometer. This is a snapshot in time and the stats were gathered the week of February 25, 2021. While you should not see a huge change in these stats, they may fluctuate over the coming months.
| Zip Code | Zillow Median Value as of the end of Feb 2021 | Zillow Value increase over the last year | Zillow Projected value change over the next year | Great Schools School Ratings Elementary, Middle, High score out of 10 | Monthly median rent for a standard 3 bed/2 bath per Rentometer | Number of New Builds Currently for Sale |
| Cobb County | ||||||
| 30144 | $266,843 | 9.3% | 7% | 6/10,7/10,7/10 | $1,580 | 19 |
| 30064 | $347,179 | 9.4% | 7.2% | 5/10, 5/10, 6/10 | $1513 | 52 |
| 30062 | $384,712 | 7.9% | 6.7% | 5/10, 5/10, 6/10 | $1695 | 14 |
| 30008 | $223,423 | 11.6% | 7.6% | 5/10, 5/10, 6/10 | $1544 | 5 |
| 30101 | $303,735 | 9.5% | 7.1% | 7/10, 8/10, 7/10 | $1523 | 40 |
| 30060 | $228,762 | 12% | 8% | 6/10, 5/10, 6/10 | $1400 | 16 |
| 30075 | $472,867 | 6.3% | 6.2% | 7/10, 6/10, 8/10 | $1995 | 14 |
| 30082 | $335,947 | 8.4% | 7% | 6/10, 5/10, 5/10 | $1795 | 19 |
| 30106 | $212,092 | 12.7% | 7.6% | 6/10, 5/10, 6/10 | $1433 | None noted |
| 30126 | $274,500 | 10.4% | 7.3% | 5/10, 5/10, 4/10 | $1350 | 6 |
| 30127 | $252,588 | 10.3% | 7.2% | 5/10, 7/10, 6/10 | $1450 | 25 |
| 30141 | $218,434 | 10% | 7.1% | 6/10, 6/10, 6/10 | $1543 | 12 |
| 30168 | $198,711 | 14.1% | 7.8% | 5/10, 5/10, 4/10 | $1292 | None noted |
| 30188 | $308,005 | 9.9% | 7.1% | 7/10, 7/10, 7/10 | $1572 | 137 |
| Cherokee County | ||||||
| 30102 | $259,124 | 10.4% | 7.1% | 5/10, 6/10, 7/10 | $1390 | 75 |
| 30107 | $301,064 | 9.8% | 7.1% | 5/10, 7/10, 8/10 | $1850 | 18 |
| 30114 | $310,923 | 9% | 6.9% | 5/10, 4/10, 5/10 | $1608 | 113 |
| 30183 | $305,999 | 8% | 7.1% | 4/10, 4/10, 5/10 | $1600 | 13 |
| 30189 | $308,505 | 10.3% | 7.1% | 8/10, 6/10, 7/10 | $1556 | 35 |
| Bartow County | ||||||
| 30103 | $185,030 | 8.9% | 6.7% | 7/10, 5/10, 6/10 | Not Enough Data | 5 |
| 30120 | $210,056 | 8.1% | 6.6% | NA, 6/10, 7/10 | $1095 | 55 |
| 30137 | $188,670 | 7.4% | 7.3% | 4/10, 3/10, 5/10 | Not Enough Data | None noted |
| 30145 | $199,768 | 7.8% | 6.5% | 4/10, 6/10, 5/10 | $1061 | None noted |
| Paulding County | ||||||
| 30179 | $182,019 | 11.7% | 6.7% | 4/10, 6/10, 7/10 | $950 | 4 |
| 30141 | $218,434 | 10% | 7.1% | 6/10, 7/10, 6/10 | $1543 | 24 |
| 30132 | $257,443 | 9.9% | 6.7% | 7/10, 8/10, 6/10 | $1420 | 85 |
| 30157 | $217,133 | 10.5% | 7.3% | 8/10, 7/10, 6/10 | $1409 | 73 |
| 30127 | $252,588 | 10.3% | 7.2% | 5/10, 7/10, 6/10 | $1450 | 45 |
| Douglas County | ||||||
| 30135 | $226,388 | 12.4% | 7.8% | 8/10, 6/10, 7/10 | $1300 | 48 |
| 30134 | $197,475 | 12.2% | 7.6% | 6/10, 8/10, 5/10 | $1243 | 9 |
| 30187 | $242,028 | 12% | 7.7% | 8/10, 6/10, 7/10 | $1238 | None noted |
| Gwinnett County | ||||||
| 30093 | $214,870 | 12.2% | 7% | 4/10, 4/10, 3/20 | $1445 | None noted |
| 30039 | $239,824 | 11% | 6.8% | 4/10, 5/10, 4/10 | $1449 | 1 |
| 30047 | $269,758 | 10.2% | 6.7% | 8/10, 8/10, 8/10 | $1475 | 79 |
| 30017 | $302,366 | 9.1% | 6.5% | 8/10, 7/10, 7/10 | $1545 | 29 |
| 30019 | $308,547 | 9.3% | 6.6% | 6/10, 6/10, 7/10 | $1750 | 57 |
| 30024 | $400,584 | 7.6% | 6.3% | 9/10, 9/10, 9/10 | $1830 | 142 |
| 30044 | $243,388 | 10.4% | 6.7% | 8/10, 8/10, 8/10 | $1495 | 18 |
| 30047 | $269,758 | 10.2% | 6.7% | 8/10, 8/10, 8/10 | $1475 | 79 |
| 30078 | $252,276 | 9.7% | 6.6% | 6/10, 5/10, 5/10 | $1484 | 33 |
| 30518 | $296,551 | 8.9% | 6.5% | 7/10, 8/10, 6/10 | $1675 | 47 |
| Fulton County | ||||||
| 30349 | $177,781 | 9.3% | 6.6% | 2/10, 4/10, 3/10 | $1245 | 46 |
| 30318 | $288,597 | 8.7% | 6.4% | 3/10, 1/10, 2/10 | $1975 | 132 |
| 30331 | $207,380 | 10.5% | 6.8% | 4/10, 6/10, 7/10 | $1350 | 38 |
| 30004 | $487,607 | 7% | 6.1% | 8/10, 7/10, unk | $1795 | 48 |
| 30309 | $353,219 | 1.8% | 5.1% | 6/10, 7/10, 7/10 | $3650 | None noted |
| 30291 | $165,458 | 10.4% | 6.6% | 6/10, 5/10, 4/10 | $1200 | 6 |
| 30342 | $657,174 | 3.5% | 5.6% | 9/10, 7/10, 7/10 | $2798 | None noted |
| 30310 | $269,418 | 11.8% | 7.6% | 2/10, 5/10, 7/10 | $1480 | None noted |
| DeKalb County | ||||||
| 30002 | $410,241 | 7.2% | 6% | 4/10, 5/10, 5/10 | $2200 | None noted |
| 30021 | $195,074 | 14.6% | 7.4% | 5/10, 5/10, 5/10 | $1057 | None noted |
| 30030 | $534,547 | 7.9% | 6.4% | 4/10, 5/10, 5/10 | $2300 | None noted |
| 30032 | $229,830 | 15.3% | 8% | 2/10, 2/10, 3/10 | $1374 | None noted |
| 30034 | $246,677 | 9.5% | unavailable | 5/10, 4/10, 4/10 | $1250 | 10 |
| 30038 | $183,579 | 14.9% | 7.6% | 3/10, 3/10, 3/10 | $1250 | 159 |
| 30058 | $180,535 | 14.9% | 7.5% | 2/10, 2/10, 4/10 | $1300 | 36 |
| 30079 | $223,955 | 10% | 7% | 4/10, 5/10, 5/10 | $1500 | 7 |
| 30084 | $285,088 | 10.1% | 6.6% | 5/10, 5/10, 4/10 | $1480 | None noted |
| 30088 | $177,081 | 13.3% | 7.4% | 4/10, 4/10 3/10 | $1249 | None noted |
| 30317 | $451,247 | 8.2% | 6.4% | 1/10, 3/10, 2/10 | $2063 | None noted |
| 30329 | $442,742 | 6.7% | 6.4% | 6/10, 5/10, 5/10 | $2105 | 7 |
| 30338 | $527,817 | 6.8% | 6.3% | 7/10, 4/10, 7/10 | $1925 | 9 |
| 30340 | $290,613 | 7.9% | 6.4% | 4/10, 4/10, 5/10 | $1750 | None noted |
| 30360 | $385,101 | 7.2% | 6.3% | 8/10, 4/10, 7/10 | $1450 | None noted |
You should always look at the total picture when determining where to sink your rental investment dollars and check more closely once you narrow your target area. But we hope this snapshot of local property tax rates will help in your decision-making. If you would like details about an area that is not included above, please don’t hesitate to contact us.