Atlanta Area Rental Rates Spiral Upward
Rental rates have continued to spiral upward across metro Atlanta during the summer months. Average median rental rates in July were 20% higher in some suburban Atlanta areas when compared to a year earlier. Two bedroom rental rates in Marietta and Duluth were up 20%, while one bedroom rates increased over 18% in Alpharetta. Continued population growth in the area has fueled the higher rental rates.
Is it more expensive to rent an apartment or buy a home in metro Atlanta? Contact Peachtree Mortgage Services, Inc. at firstname.lastname@example.org or 770.481.0052 to discuss our low home mortgage interest rates