Sandy Springs is one of the top 10 suburbs in Atlanta, and for more reasons than one.
Here are three key qualities that make Sandy Springs worthy of consideration for homebuyers:
1. Top 100 best cities for homebuyers – Ranked at No. 68, Sandy Springs is one of the three Atlanta suburbs that ranked among the top 100 best cities for first-time homebuyers in a WalletHub analysis. The study examined three key criteria: housing affordability, the real estate market and the living environment. For Sandy Springs, the median home price is $426,800 and the average work commute time for residents is about 24 minutes. Many other factors were considered when grading each of the criteria, such as crime rates, tax rates and median income.
2. Big plans for the city – Incorporated in 2005, the city of Sandy Springs is planning to do some major work to reshape its downtown. A quarter of the city’s annual budget is invested back into the city’s infrastructures and transportation. The city is looking to build a new civic and cultural center that will offer space for both civic and arts/entertainment purposes.
Additionally, the city is improving local transit networks, and commuting for the resident will become easier. A draft plan released by the Sandy Springs City Council this spring showed that five different roadway cross-sections are in motion. They are planning to add four to nine 11-foot wide lanes for cars, five-to-eight foot wide pedestrian lanes on both sides, and a five-foot-wide path for cyclist to these roadways.
3. The city with fortune – Sandy Springs has one of the highest ratios of Fortune 500 companies per capita in the U.S. It is the home of such companies as UPS, Newell Rubbermaid and Cox Enterprise. Located just 30 minutes away from Hartsfield-Jackson International airport, Sandy Springs offers companies with global business opportunity.
And unsurprisingly, that collection of companies translates to high earnings among homeowners. Nearly 20 percent of the households earn incomes of $200,000 and above, while the medium household income, at $68,200, is far above the U.S. average of $49,600.