As discussed in an earlier post, Atlanta is the 6th best market in the country for investors in terms of single-family rental homes. But, Atlanta is a big city; Metro Atlanta is an even bigger area. So, the question remains: where in Metro Atlanta will you receive the highest rental rates?
To make sense of these graphs, DOM stands for ‘days on market’. This stat essentially tells us how long it took for the house to rent. As a landlord, we want a low DOM combined with a high rental rate.
This data was pulled from FMLS (First Multiple Listing Service, a local MLS) using the inputs listed above.
The results:
Barrow: AVG Rent- $1,015 DOM- 45
Cherokee: AVG Rent- $1,261 DOM- 46
Cobb: AVG Rent- $1,317 DOM- 45
DeKalb: AVG Rent- $1,275 DOM- 47
Douglas: AVG Rent- $1,151 DOM- 55
Forsyth: AVG Rent- $1,461 DOM- 48
Fulton: AVG Rent- $1,403 DOM- 42
Gwinnett: AVG Rent- $1,263 DOM- 46
Hall: AVG Rent- $1,251 DOM- 50
Henry: AVG Rent- $1,155 DOM- 38
Walton: AVG Rent- $1,154 DOM- 46
Average rents ranged from $1015 (Barrow) – $1461 (Forsyth)
DOM ranged from 38 (Henry) – 55 (Douglas)
Top 3 Counties in terms of highest average rent:
Forsyth, Fulton, & Cobb County
3 Counties with the lowest average rent:
Barrow, Douglas, & Walton (Henry is a close 4th)
As an investor, there are many other factors (other than rent) that will influence your decision to purchase. But, when looking at which areas will, on average, net you the most rental income, Forsyth, Fulton, & Cobb become the clear choice.
Click here to find out why landlords choose Excalibur Home Management.
