While flipping a house can be a risky venture, there tends to be greater reward for buying an affordable fixer-upper in which you plan to live for many years – so long as you can find the right neighborhood. If you’re a resident of Atlanta, GA or looking to move here, good news – there is no shortage of up-and-coming neighborhoods with older homes just begging for a rehab!
The Atlanta BeltLine, a massive transportation and economic urban development effort in the City of Atlanta, is transforming many neighborhoods, which were once in a state of disrepair, into vibrant urban communities. Over the next two decades, the Atlanta BeltLine project will connect 45 neighborhoods around the city with new transit, trails, expanded park land and unique public spaces.
Though each of the 45 BeltLine neighborhoods has its unique charm and potential, we’ve highlighted our favorites below. We think these Atlanta neighborhoods are your best bet if you’re interested in an affordable fixer-upper or a rewarding home rehabilitation project.
6 Affordable Atlanta BeltLine Neighborhoods
Just a short distance from downtown Atlanta, the Georgia Dome and Turner Field, Adair Park is one of Atlanta’s best kept secrets. Adair Park has three parks within the neighborhood giving residents easy access to green space, recreational fields for sports and playgrounds. In town, a former warehouse space was recently converted into a business and arts district called The Metropolitan.
Filled predominantly with bungalows built towards the earlier part of the 20th century, Adair Park offers modest housing options in a prime location. Other architectural styles in the area include Victorian, Queen Anne and American Craftsman. Housing prices in this area have seen a surge since the start of 2014, but properties are still priced far below other Atlanta hot-spots. This is a great neighborhood for investors or first-time buyers.
Located just south of Turner Field, Capitol View was named for its great view of the Georgia State Capitol Building and another neighborhood poised for revival along the new BeltLine. This quint Atlanta neighborhood is located near Perkerson Park, a 50-acre park with picnic facilities, a new playground and a renovated recreation center. You’ll also find courts and fields for basketball, tennis and baseball, as well as a splash pad that is essential for hot, summer days.
The Atlanta-Fulton Public Library System is in the process of building a new branch in Capitol View: The Metropolitan Library. The new library, designed to reflect the culture of the Capitol View community, broke ground in October of 2014 and is expected to open in late 2015.
The streets of Capitol View are lined with Craftsman bungalows and country-style Victorian homes. Zillow estimates average home values in Capitol View at a low $65,000. Home values have experienced a slight increase, but this neighborhood may be a little slower to take off. If you’re planning on staying a while, buying a fixer-upper in Capitol View is likely to be a good investment.
The Ormewood Park neighborhood is located on the east side of Atlanta, not far from Zoo Atlanta. While there are still relatively affordable homes in this area, it is farther along in its redevelopment than the other Atlanta neighborhoods on our list. The market in Ormewood Park hit a low in 2011, but has since bounced back with an average property going for about $251,000, according to recent Zillow estimates.
Residents of Ormewood Park are a short walk to Grant Park, as well as restaurants and shops in hip East Atlanta Village and Glenwood Park. One of Atlanta’s oldest neighborhoods, you’ll find beautiful Victorians and post-war era homes, as well as both old and new craftsman style homes.
Less than a half mile from the historic Grant Park, the Peoplestown neighborhood of Atlanta was built around the Capitol Avenue line of the Atlanta Electric Railway in the late 1800s. Today, the Victorian era streetcar community of Peoplestown offers a variety of homes built for every income level. Zillow estimates the average home price in Peoplestown at $104,000, including foreclosures that can be purchased for next to nothing to fully renovated craftsman homes at around $300,000.
The rebirth of the Peoplestown neighborhood of Atlanta is fueled by both local efforts from the Peoplestown Revitalization Corporation, founded in 1990, and BeltLine development projects around the community. D. H. Stanton Park recently underwent a complete renovation and it is the first energy cost-neutral park in the City of Atlanta. The park’s solar panels provide both shade and enough electricity to power 10 homes, which is sold back to Georgia Power, offsetting the park’s energy costs. The park also features athletic fields and a “Splash ‘N Play” splashpad.
The historic West End neighborhood of Atlanta was the pioneer neighborhood for the BeltLine project. Completed in the spring of 2008, the earliest phase of BeltLine redevelopment in West End included the first miles of a new biking and walking path and improvements to Gordon-White Park. This neighborhood is a hub for arts & entertainment featuring art studios and galleries, the West end Performing Arts Center and the Wolf Creek Amphitheater.
You’ll find affordable historic bungalows, tudor-style homes and more in the West End, all of which are prime for renovation. Zillow estimates average home values in this area at approximately $76,000. Property values in the West End have been rising since 2011 and are projected to increase over the next 10 years.
The historic bungalow neighborhood of Westview is located just 5 minutes southwest of downtown Atlanta. This up-and-coming neighborhood is ideal for millennials, first-time home buyers and investors as development initiatives in the area have quickened in the last 5 years. Both livable and connected, Westview is on the path to become one of Atlanta’s most desirable neighborhoods.
With help from BeltLine development projects and the efforts of the organized Westview Community Organization, adopted a master plan in 2011 to ensure neighborhood development stays on track. A recently passed bond issue in the City of Atlanta included several high-impact infrastructure projects for the Westview area, which will be completed over the next 5 years.
Westview offers craftsman bungalows, English tudor-style homes and more in the range of $50,000 to $200,000.
Rent A Dumpster for Your Rehab
If you do end up purchasing an affordable fixer-upper in one of these budding Atlanta neighborhoods, you’re going to need some help disposing of all that construction debris as you renovate your new home. An affordable dumpster rental is essential for most rehab projects. Check out our prices for dumpster rentals in Atlanta, and be sure to give us a call to order a dumpster when you’re ready!