Article excerpt was taken from Realtor.com News 6/27/2007
Atlanta, Georgia
The undisputed hub of the South, Atlanta offers everything from a major league baseball team to the CNN headquarters. Four distinct seasons - though with short winters and summers - make for mild living year-round.
While the city itself has only about half a million residents, the large metro area recently surpassed 5 million residents - making this one of the fastest growing areas in the country. The median resident age is about 32, with the typical income is about $40,000.
Atlanta’s pro-business climate has attracted more than 2,000 businesses, including several Fortune 500 companies. Top employers include Delta Airlines, Publix Supermarkets, BellSouth, Turner Broadcasting and Cox Newspapers. Coca-Cola is also a well-known fixture. Services, trade and manufacturing are all well represented here. Atlanta is also making inroads as an international hub for business and trade, with more than 1,300 foreign-based businesses here.
Metropolitan Atlanta has led the nation in new housing permits since 1991, with as many as 66,550 in one recent year. Today, you can buy a new house for anywhere from $129,900 to about $1.5 million. Just four miles from downtown, you can get a two-bedroom, two-and-a-half bath, attached townhome for about $220,000. About $50,000 more will get you a 2,500 square-foot-plus, four-bedroom home in a community with a clubhouse, park and pool. The lower end of the price range nets a three-bedroom town home in a southwestern suburb.
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