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Bruce Ailion,CRS,CRB,ABR,CDPE,MSRE,ESQ's Blog

By Bruce Ailion,CRS,CRB,MSRE,ESQ | Agent in Marietta, GA

Year over Year Metro Atlanta Investment Grade Rental Rate Analysis

All investors have interest in rental rate trends.  Below is information concerning residential rental rates in the moderate income, investor grade category for major areas of metro Atlanta.  These are defined as single family and attached residential rentals listed in First Multiple Listing Service with 2 or more bedrooms and baths built after 1978 with asking rents below $1200.  There are currently 810 units available with an average asking rent of $922-1075. 1138 units rented in the 1st Quarter of 2013 with an average rent of $928 to 1029.  There were 49.3%  more units rented in the 1st Quarter of 2013 than 2012.  This supports the belief investors have converted substantially more housing units to rental.  Rents were flat or slightly declining from the 1st Quarter of 2012 to the 1st Quarter of 2013 with Clayton County the exception. 

 

West Cobb County Rentals 2+BR 2+BA under 1200 built after 1978 West of I75/ I575

140 Active Now Original Asking Current Asking $1018

252 Leased in 1st Quarter 2013 Final Asking Average Asking $1012 Average Rent $1005

217 Leased in 1st Quarter 2012 Final Asking Average $1010 Rental Average $1004

 

DeKalb County Rentals 2+BR 2+BA under 1200 built after 1978

201 Active Now Original Asking Current Asking $1018

208 Leased in 1st Quarter 2013 Final Asking Average Asking $954 Average Rent $944

146 Leased in 1st Quarter 2012 Final Asking $958 Rental Average $948

 

Gwinnett County Rentals 2+BR 2+BA under $1200 built after 1978

296 Active Now Original Asking Current Asking $1075

475 Leased in 1st Quarter 2013 Final Asking Average Asking NA Average Rent NA

293 Leased in 1st Quarter 2012 Final Asking $1041 Rental Average $1029

 

South Fulton County Rentals 2+BR 2+BA under $1200 built after 1978

72 Active Now Original Asking Current Asking $1027

88 Leased in 1st Quarter 2013 Final Asking Average Asking $983 Average Rent $980

58 Leased in 1st Quarter 2012 Final Asking Average $1006 Rental Average $997

 

Clayton Rentals 2+BR 2+BA under 1200 built after 1978

101 Active Now Original Asking Current Asking $922

115 Leased in 1st Quarter 2013 Final Asking Average Asking $933 Average Rent $928

48 Leased in 1st Quarter 2012 Final Asking Average $890 Rental Average $888

 

Atlanta continues to offer solid cash on cash returns to investors.

 

Bruce Ailion,  

RE/MAX Greater Atlanta

An Atlanta Real Estate Expert Serving Clients Since 1979

CRS, CRB, ABR, MSRE, CDPE, CAIS, e-PRO, ESQ

2050 Roswell Road

Marietta GA 30062

404-978-2281  Direct

bruce@locationlocationlocation.com

www.LocationLocationLocation.com

The LinkedIn REALTOR

http://www.linkedin.com/in/bruceailion

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