Trulia released a list of America’s best value neighborhoods Friday that detailed the 100 biggest metros’ values. Trulia’s list considered first-time buyers and where in the country they could get the best value for their money.
Neighborhoods were not just ranked on price, but a combination of listing prices, entry-level affordability, school information, crime statistics, commute times and other amenities like restaurants. What resulted was a list of neighborhoods with the best livabilities among America’s most expensive metros.
Suburb Not City Living
The rankings come during a shift among millennials who choose to live in the suburbs versus cities. According to Zillow, 50 percent of millennials live in the suburbs while 20 percent live in rural areas. The percentage of millennials living in the suburbs speaks to a pattern of migration away from cities and into the suburbs because of more affordable options.
For Atlanta, the best neighborhood was Cabbagetown, which scored an affordability score of four, restaurant rank of ten, commute rank of nine, school rank of nine and crime rank of six. Trulia’s list also included the median home values within neighborhoods, Cabbagetown’s was $292,610.
The last neighborhood on the list was Canterbury, but two other neighborhoods vied for the seventh spot: West Highlands and Fairmont. Both neighborhoods’ individual rankings (affordability, restaurants, commute, etc.) equaled the same amount placing them all at the same value level.
Atlanta’s crime rank was consistently high meaning their neighborhoods were consistently safe, according to Trulia. However, affordability was low for all neighborhoods. Even the top ranked neighborhood, Cabbagetown, scored a four out of ten.
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