Cumming is one of the most active housing markets in Metro Atlanta, but don’t take our word for it – according to a new report by RE/MAX of Georgia, Cumming is among the area’s four most active markets, with its strong increase in home prices receiving particular attention.
What’s the secret behind Cumming’s success? Here are three explanations:
Education
For many homebuyers, education is often one of the top concerns in buying a home. According to AreaVibes, Cumming has some of the best schools among Metro Atlanta. The recent analysis gave Cumming’s schools its top rating. The ranking included state test scores, college readiness, graduation rate and teacher quality. Big Creek Township, a subdivision in Cumming, pushes their education strength further by earning an A+, according to Niche’s analysis.
Business and job opportunity
Atlanta isn’t the only place with jobs. Cumming is among the top cities in Metro Atlanta with good initiatives to promote and support local business. NerdWallet, an online financial consulting company, found Cumming to be No. 6 among 126 places in Georgia as the best places to start a business in 2015 . Cumming has almost as many businesses (5,251) as it does residents (5,504). Being the smallest city in the top 10 list, Cumming earned high marks for its transportation and technology infrastructure.
Not only is local business blooming, but the government is also creating more job opportunities through local infrastructure development. According to a 2015 city report, a new highway is pending, along with improvements to streets and roads and a new courthouse; the area is also welcoming back University of North Georgia, which hosted MBA classes in Cumming briefly from 2008 to 2012.
Investment for the future
There is a 9 percent year-over-year increase in Cumming’s September median home sales price, which rose from $282,950 to $310,000. Though there is a 10 percent decline in the number of home sales, the homes on the market are selling faster, which suggests sellers are receiving multiple offers for their listings. And the market will continue in that direction – according to a RE/MAX of Georgia report, housing inventory reached a historical low of 3.5-months supply, so home prices are likely to continue to rise.
Photo Credit: Thomson200, Creative Commons CC0 1.0 Universal Public Domain Dedication, https://commons.wikimedia.org/wiki/File:Cumming,_Georgia_City_Hall.jpg