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Current Weather: 81°F Broken Clouds _________________________
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Back to Downtown Living
The Downtown residential market is growing everyday. Downtown Atlanta offers many housing options with apartments, lofts and condominiums located throughout Downtown in both new and renovated buildings.
The information presented here is a snapshot of the Downtown housing market for 2006. It represents our best research effort, but may not be exhaustive.
Influx of new housing and better quality of life
- 26,700 residents in a four square mile area makes Downtown 60% higher in residential density than the city as a whole. The proximity to a variety of employment choices, unique housing features, and energy of an urban environment, along with the diverse population and lifestyles, has brought this market to life.
- Downtown residential investment is also heating up the development of the surrounding areas. Streetscapes, parks and green spaces are expanding, offering pleasant surroundings. The city has committed to bringing housing Downtown with a number of tax credits and other incentives.
Downtown Residential Market - Facts & Figures |
|
|---|---|
Existing Housing |
|
| Rental Units | 8,330 |
| For Sale Units | 4,685 |
| University Housing | 4,511 |
| 17,526 | |
| Upcoming Housing | |
| Under Construction Units | 1,954 |
| Planned Units | 4,343 |
| 6,297 | |
Total Downtown Housing Units |
|
| Total For Sale Units | 7,922 |
| Total Rental Units | 11,090 |
| Total University Units | 4,811 |
| 23,823 | |
Information compiled by staff research and based on information available August 1, 2007.
Downtown Demographic Profile (Based on the four square mile Downtown boundary) |
|
|---|---|
Population |
26,700 |
Population by 2010 |
38,900 |
Average household income |
$48,000 |
Average housing value |
$173,200 |
Average market rent |
$1,185 |
Median age |
31 |
One-person households |
59% |
Families with children |
18% |
Households of roommates |
12% |
Households with member over 65 years old |
15% |
Households living in structures with 20 or more units |
53% |
Take public transportation or walk to work |
31% |
Have no car |
43% |
Information compiled by staff research and based upon June 2007 Georgia Power demographic study of 1-mile radius from intersection of Peachtree Street and Andrew Young International Boulevard.
Other Downtown Populations (Based on the four square mile Downtown boundary) |
|
|---|---|
| Daytime Employees | 140,000 |
| Students | 30,000 |
| Daily visitors (business, pleasure, conventions) | 40,000 |
| Annual visitors and conventioneers | 12,000,000 |
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| Other Statistics | |
| Hotel rooms | 12,000 |
| Restaurants / eateries | 185 |
| Bars / nightclubs | 30 |
| Square feet of office space | 17,544,000 |
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