Why Metro Atlanta’s rent becomes the best Trend to live in than San Francisco

Thousands of people around the country move to metro Atlanta which led demand high rental rates over the past years.

Even San Francisco, which is known for its remarkably competitive and high-priced rental market, has fallen behind. There has been an escalation in apartment stock where the intown rent prices are proceeding to rise. According to HotPads Report on Atlanta’s rent costs, "The city’s rental house stock has exploded overall by about 71 percent and in Midtown by nearly 173 percent."

There have been many new rental listings these past years and it continues to evolve to meet market high demand. According to the report, the city is seeing prices rise “three times faster than the national median.”

Here are some insight stats for the cities from the HotPads Report:

·         The median rent in Atlanta is $1,491, up 5 percent from a year ago.
·         The median rent in Midtown is $1,835, up 2.4 percent year-over-year
·         The median rent in North Buckhead is $2,428, up 1.7 percent from a year ago.
·         The median rent in Pine Hills is $1,705, up 2.6 percent from a year ago.

Many would be renters are now considering homeownership for the first time.