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Beaten out only by Detroit among the largest 25 metro areas in the United States, homes in Atlanta are currently quite affordable compared to the rest of the nation. Now would be the time to buy a rental property to a summer home in Atlanta as it looks like home prices might be surging nationwide soon.
Metro Atlanta hasn’t been the greatest place in the country to own a home, as everyone with a devalued house in these parts knows.
There is some good news, relatively speaking, though.
It doesn’t cost that much to buy here.
Atlanta ranks second in the U.S. among the top 25 metro areas in terms of home affordability, new research from Interest.com, a Bankrate company, shows.
The median household income in the Atlanta area exceeds the income required to purchase a median-priced home here by 40 percent. That’s better than every other big market except for Detroit, where it’s 45.32 percent.
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