Last year the AJC released an article about the top neighborhoods to invest in, in Atlanta the Atlanta Metro area, and they were all intown neighborhoods. I've searched the archives for the last half hour and can't find it. If anyone else has it on file - I encourage you to post it.
I remember it mentioning Howell Station, and Edgewood - it also mentioned 5 or six other neighborhoods. Flipping houses in this market isn't always working to the flippers advantage, however if you're planning on living in the home for 2-5 years, you can definitely see a great turn-around in most intown neighborhoods. I encourage you to check out Edgewood, Kirkwood, the Memorial-side of Grant Park, Reynoldstown, Howell Station, Ormewood Park, East Atlanta (near the village) and Oakhurst (near the village) for the highest turn-around.
The movement is definitely intown. I am coming across a lot of empty nesters looking for city excitement interested in high-end high-rises to family's not wanting the commute, and opting for a big old house or mcmansion intown.
Many still prefer the suburbs, and if your job is in the suburbs, by all means: live in the suburbs. I would never encourage anyone to fight Atlanta traffic on a daily basis for anything in the world.
Good Luck in your search & if I can be of any service to you - don't hesitate to contact me!
Sanctuary Real Estate, Inc.
1031 Juniper Street, NE | Atlanta, GA 30309
T: (404) 888-0833 | F: (404) 888-0863 | M: (404) 323-9976