Old Fourth Ward Homes Values Increase By Over 91 Percent

Emergence of a star

The Old Fourth Ward is quickly becoming a rising star neighborhood in Atlanta. With a recent feature in prominent real estate magazine This Old House and an abundance of construction projects it is not surprising home values are increasing and continue to soar upwards. 

According to a Zillow.com data map provided in a recent Newscruncher article, home values in the Old Fourth Ward zip code 30308 are up 91.7 percent. While home values in Old Fourth Ward zip code 30312 are up 77.5 percent. At the national level home values have appreciated by 3.8 percent. The Zillow.com report forecasts a 5 to 10 percent home value increase in the Atlanta metropolitan area over the next year.

What has caused the home value increase?

The Newscruncher article mentioned above references young adults that felt forced to stay at home with their parents in order to navigate uncertain economic times are now leaving the nest.

While the previous fact holds true, there are also some things that factor into the significant home value increase that are more specific to the Old Fourth Ward. Some of these factors include massive urban redevelopment and sustainable projects including:

• The Atlanta Beltine
• The Historic Fourth Ward Park Conservatory
• Ponce City Market

An additional contributing factor might include, Atlanta City Councilman Kwanza Hall's Year of Boulevard campaign kicked off in 2012, serving as an effort to clean up a more poverty stricken area of the Old Fourth Ward.

Future contributing factors:

• The Atlanta Streetcar, to be completed in 2014
• Freedom Barkway, a future sustainable off-leash dog park for Old Fourth Ward residents
• Old Fourth Distillery, scheduled for opening in February 2014

While the explosive construction that has thus created the rapid expansion and contributed to home value increase, the rich history of the Old Fourth Ward will forever remain priceless.

What factors do you feel have contributed to the upward shift of home values in the Old Fourth Ward? Share your thoughts in the comments section below.

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