As metro Atlanta home prices rise steadily higher, that push has produced an equal and opposite worry: people with modest incomes might be priced out of the market. Sales prices of metro Atlanta homes have been steadily climbing since 2012 – the core five counties of the region have seen a 21 percent rise during the past three years, according to Re/Max Georgia.
That brought the median price to $254,900 – that means, well over half the homes sold are now far out of reach for households with the region’s median income of about $63,000. But people with limited means shouldn’t forget the flip side of the equation, said Jenni Bonura, president and chief executive of Atlanta-based Harry Norman Realtors: many homes are still within reach.
“There are definitely opportunities,” she said. “I think it comes down to, what do you want as an individual?”