No surprise to local commuters, Atlanta’s traffic ranks among the world’s worst. You’re not alone if all this has you day-dreaming of ditching your car entirely for a relaxed, walkable lifestyle.
Generally, walkability tends to increase home values. Atlantans’ are increasingly placing a premium on living near restaurants, bars, and amenities. Demand for BeltLine adjacent real estate which appreciated by 50-60% between 2012 and 2015, compared to 30% in the rest of the city. Across Atlanta there’s also been a major spike in home values in walkable neighborhoods. We took a closer look at four of the best walkable neighborhoods (in our opinion) and their home value trends.
Easy Beltline access, plenty of green space, and perhaps best of all, the food. Inman Park is one of Atlanta’s most desirable Intown neighborhoods, with the price tag to match. Between Krog Street Market and the diverse selection of coffee shops, boutiques, and restaurants that run along North Highland Avenue, Inman Park is rich with entertainment and nightlife options. And did we mention the food?
Few neighborhoods have seen such a dramatic increase in demand over the past few years like Old Fourth Ward (commonly known as O4W). The area has a rich history as the birthplace and home of Martin Luther King Jr. In the years after his death as Atlantans raced to the suburbs, the neighborhood ceased to thrive. But revitalization efforts like Ponce City Market, the BeltLine and Historic Fourth Ward Park have made it one of the hottest—and most walkable—neighborhoods in town. Here, you’ll find a mix of beautifully restored historic homes and new condominiums. The latter tending to draw in many young professionals.
Virginia Highland (VaHi) touts itself as ‘the original work, play, live neighborhood.’ And as home values indicate, it’s an established neighborhood that has been desirable for years. It offers a great mix of amenities with fine eateries, nightclubs, galleries, salons, and boutiques. Before you pack up and sell your car, take note that public transit isn’t easily accessible and it’s not considered an overly ‘bikeable’ neighborhood. But it’s hard to beat the pleasantness of a walk along VaHi’s charming, tree-lined streets.
Midtown is arguably the easiest neighborhood in Atlanta to get by car-free. Especially if you’re one of the 65,000 professionals who work in Midtown. And come 5 p.m., you won’t easily tire of the entertainment options with hundreds of restaurants and bars just outside your door—plus the The Fox Theatre, High Museum of Art, and, of course, Piedmont Park. Bonus points for easy access to MARTA and public transit.
Single-family homes near the park will run the highest with an average sale price of $779,300 over the last year. Condo prices are more affordable, though there are plenty of luxury options on the pricier side.
Thinking about making the move to a more walkable neighborhood? Request a home valuation to see how much you can sell for. Or, if you already live in a walkable neighborhood, take a look to see how your home value has appreciated.