Three hot neighborhoods for buying homes in metro Atlanta

The historic Old Fourth Ward is a hot market with affordable homes.

Credit: Beltlandia

Credit: Beltlandia

The historic Old Fourth Ward is a hot market with affordable homes.

When searching for a home in Atlanta, it might be worth looking past the typically coveted neighborhoods and in to some of the area's quickly gowing hot spots.

Old Fourth Ward

For city dwellers, a neighborhood like Buckhead is full of amenities and can offer up a lot of excitement. With the median home value of approximately $700,000, these areas might be out of the typical family's price range. However, Atlanta's historic Old Fourth Ward is an evolving neighborhood that combines modern-day amenities with historic character. Littered with local markets, limitless Southern fare and the infamous Atlanta Streetcar, this neighborhood has much to offer.

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Buying a bungalow in the historic Old Fourth Ward won't break the bank.

This charming four-bedroom bungalow can be purchased for $349,900. It is a quick walk from Ponce City Market, The Beltline and Highland Bakery. The current median home listing price in O4W is approximately $362,000 according to Realtor.com.

[Read more: Complete guide to Ponce City Market: Food, shopping and history]

East Atlanta Village

Voted No.3 in 2015 as the hottest neighborhood in the country by Redfin Corp.'s Hottest Neighborhoods report is East Atlanta Village. One of intown Atlanta's hottest real estate markets features homes of all kinds, from historic Victorians to fresh new builds. With a median home listing price of $259,000, East Atlanta offers the best of the city at a great price. East Atlanta attracts a wide variety of buyers including retirees and millennials because of its parks, trendy restaurants, boutique shopping and exciting nightlife.

[Read about East Atlanta Village's food court: Take a tour of East Atlanta’s Global Grub Collective]

This recently renovated 1940s Craftsman has more than 1,500 square feet and comes with the reasonable asking price of $289,500.

[Related: How to live in a Sears Craftsman home in metro Atlanta]

Adair Park

With its quaint cottages, diverse community and affordable living, Adair Park is one of Atlanta's best kept secrets. This revitalized neighborhood is known for its close-knit and progressive community. Adair Park is easily accessible from downtown Atlanta by Interstate I-20 and is minutes away from Atlanta University Center. The current median home value of Adair Park is $120,000.

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Whether you're searching for a single family home or a trendy loft, Adair Park has a little bit of everything.

This two-bedroom, two-bath townhome exudes trendy city living complete with a stylish loft and outdoor balcony. You can get a sizeable place, 1,400 square feet, for $165,000.