By Bill Adams, MBA, CCIM, CRB, ALC
In this Intown Market Report, I’m focusing on market changes in neighborhoods around the
Atlanta BeltLine – but first let’s look at the overall numbers for June 2022.
In June, the average sales price for the Intown Atlanta market is $653,843, an increase of
16% over the past year. The average number of days on the market is 27, a 30% decrease
over the last year. The number of units sold since last June totaled 2,411, a decrease of
As I mentioned, this month I decided to study what effect if any, proximity to the Atlanta
Beltline has on housing values. I chose 2012 as a base year and compared the average
sales price in June 2012 to today’s average sales price. I sampled eight Atlanta
neighborhoods that have frontage on the Eastside trail (Cabbagetown, Grant Park, Inman
Park, Old Fourth Ward, Ormewood Park, Poncey Highlight, Reynoldstown and Virginia
Highland) and compared those communities with east side Atlanta neighborhoods that do
not have direct access to the path (Candler Park, Druid Hills, East Atlanta, Edgewood,
Kirkwood, Lake Claire, Midtown and Morningside.)
The first segment of the Atlanta BeltLine Eastside Trail opened in 2012. The year 2012 was
also the low point for housing prices in Atlanta due to the Great Recession. It was the first
time in my 40+-year career where many intown markets lost value rather than plateauing
during a recession. Some markets, such as Grant Park, lost 20% of their value during the
The Beltline neighborhoods with the greatest percentage increase in value are Reynoldstown
and the Old Fourth Ward. The non-Beltline neighborhoods with the greatest percentage
increase in value are Kirkwood and Edgewood. One could argue that 10 years ago,
Reynoldstown and Old Fourth Ward were less desirable than Kirkwood and Edgewood.
However, it would be difficult to segregate appreciation due to the BeltLine from
appreciation that naturally occurred in most intown communities over the past decade. With
a couple of exceptions, one could argue that the price appreciation that occurred in the
BeltLine neighborhoods would have occurred with or without the trail though.
In my opinion, the one neighborhood that clearly shows the effect of the BeltLine is Old
Fourth Ward. In 2012, the average sales price in the Old Fourth Ward was nearly identical
to the average sales price in the non-Beltline East Atlanta neighborhood. In 2022, the
average sales price is now $754,589 while the average sales price in East Atlanta is
$471,678 – a difference of $283,000. I believe the Atlanta Beltline made close by
neighborhoods more desirable and thus, drove demand and pricing in those communities.
Please contact me at email@example.com if you have any questions or comments.