One of the ten fastest-growing neighborhoods in the county is the area around Atlantic Station, according to an analysis released today.
A comparison of the nation's ZIP codes shows that 30363 ranks among the nation's leaders on a series of measures that indicate rapid growth and robust potential, according to Realtor.com, the official website of the National Association of Realtors.
The key measures: job creation, household formation, new construction and a five-year projection of household growth.
“The strength of the residential real estate market is closely correlated to growth in jobs and households,” said Jonathan Smoke, Realtor.com’s chief economist. “If anything, this is a road map for where builders should be thinking about where to break ground next.”
The number of households in the 30363 area is expected to grow by 15.7 percent during the next five years, according to Realtor.com.
Part of the calculation is the growth of the surrounding county. Fulton County is projected to have more than 10,000 new housing starts and 12,000 new jobs created during this year, according to the analysis.
The top ten, fastest-growing ZIP codes, according to Realtor.com:
— 85297 (Gilbert, Az., part of the Phoenix metro.)
— 90012 (Los Angeles)
— 75201 (Dallas)
— 33132 (Miami)
— 89179 (Las Vegas)
— 98121 (Seattle)
— 27571 (Rolesville, N.C., northeast of Raleigh, southeast of Wake Forest)
— 11249 (Brooklyn, N.Y.)
— 60603 (Chicago)
— 30363 (Atlanta)
“The good news for these markets is that these growth factors have already started to translate into new construction,” Smoke said.
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