{"id":425,"date":"2021-01-14T09:24:39","date_gmt":"2021-01-14T09:24:39","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=425"},"modified":"2023-03-10T08:14:16","modified_gmt":"2023-03-10T08:14:16","slug":"atlanta-housing-market-trends-winter-2021","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/atlanta-housing-market-trends-winter-2021\/","title":{"rendered":"Atlanta Housing Market Trends &#8211; Winter 2021"},"content":{"rendered":"<h2>Migration Trends Favor Rental Demand<\/h2>\n<p>Atlanta\u2019s relatively affordable rental market has rebounded, with a helping hand from migration from higher-priced cities. The average rent, which contracted for a brief period through June, <strong>marked a 0.7% uptick<\/strong> on a trailing three-month (T3) basis through November, to $1,354. The figure remains below the U.S. average, which was flat on a T3 basis for the fourth consecutive month, at $1,465.<\/p>\n<p>Although <strong>employment contracted by 6.1% in the 12 months ending in September<\/strong>, the metro was among the country\u2019s top performers during the recovery phase. Unemployment dropped from a 12.7% peak in April to 6.6% in September, and preliminary data for October pointed to continued improvement, with the rate sliding to 4.7%. Atlanta\u2019s workforce composition allowed a substantial share of employees to work from home. In addition, trade, transportation and utilities\u2014the largest sector\u2014inched up 0.5% in the year ending in September and is poised for continued expansion. Still, air travel and the leisure industry continue to struggle due to a lack of visitors, which, in turn, is affecting tax revenue collection.<\/p>\n<p><strong>Development and transaction activity softened in 2020 through November.<\/strong> Developers delivered 9,090 units and had 19,604 units underway, while transaction volume reached $3.8 billion. Meanwhile, the price per unit rose 16.6% to $139,308.<\/p>\n<p>Read the full <a href=\"https:\/\/www.yardimatrix.com\/publications\/download\/file\/1174-MatrixMultifamilyAtlantaReport-Winter2021?utm_source=Matrix-Blog&amp;utm_medium=Social\"><strong>Matrix Multifamily Atlanta Report-Winter 2021<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Migration Trends Favor Rental Demand Atlanta\u2019s relatively affordable rental market has rebounded, with a helping hand from migration from higher-priced cities. The average rent, which contracted for a brief period through June, marked a 0.7% uptick on a trailing three-month (T3) basis through November, to $1,354. The figure remains below the U.S. average, which was [&hellip;]<\/p>\n","protected":false},"author":650,"featured_media":426,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[12,5,4],"tags":[446,221],"class_list":["post-425","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-metro-reports","category-multifamily-market","category-real-estate-trends","tag-atlanta","tag-multifamily-outlook-2021"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Atlanta Housing Market Trends - Winter 2021 - Yardi Matrix Blog<\/title>\n<meta name=\"description\" content=\"Atlanta\u2019s relatively affordable rental market has rebounded, with a helping hand from migration from higher-priced cities.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.yardimatrix.com\/blog\/atlanta-housing-market-trends-winter-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Atlanta Housing Market Trends - Winter 2021\" \/>\n<meta property=\"og:description\" content=\"Atlanta\u2019s relatively affordable rental market has rebounded, with a helping hand from migration from higher-priced cities.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.yardimatrix.com\/blog\/atlanta-housing-market-trends-winter-2021\/\" \/>\n<meta property=\"og:site_name\" content=\"Yardi Matrix Blog\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-14T09:24:39+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-03-10T08:14:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2021\/02\/Atlanta-Winter-2021-iStock-1283541313.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"628\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"lilianam\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Anca Gagiuc\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Atlanta Housing Market Trends - Winter 2021 - Yardi Matrix Blog","description":"Atlanta\u2019s relatively affordable rental market has rebounded, with a helping hand from migration from higher-priced cities.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.yardimatrix.com\/blog\/atlanta-housing-market-trends-winter-2021\/","og_locale":"en_US","og_type":"article","og_title":"Atlanta Housing Market Trends - Winter 2021","og_description":"Atlanta\u2019s relatively affordable rental market has rebounded, with a helping hand from migration from higher-priced cities.","og_url":"https:\/\/www.yardimatrix.com\/blog\/atlanta-housing-market-trends-winter-2021\/","og_site_name":"Yardi Matrix Blog","article_published_time":"2021-01-14T09:24:39+00:00","article_modified_time":"2023-03-10T08:14:16+00:00","og_image":[{"width":1200,"height":628,"url":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2021\/02\/Atlanta-Winter-2021-iStock-1283541313.jpg","type":"image\/jpeg"}],"author":"lilianam","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Anca Gagiuc","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.yardimatrix.com\/blog\/atlanta-housing-market-trends-winter-2021\/#article","isPartOf":{"@id":"https:\/\/www.yardimatrix.com\/blog\/atlanta-housing-market-trends-winter-2021\/"},"author":{"name":"lilianam","@id":"https:\/\/www.yardimatrix.com\/blog\/#\/schema\/person\/877efe30f5be34ed3f8b5f334c96a8e0"},"headline":"Atlanta Housing Market Trends &#8211; 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