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Jul 17, 2009 -- Inner ring suburbs named best real estate investment

Census Bureau data continues to show that there's a steady stream of Americans leaving the suburbs and moving back to the city.

This is a reversal of the exodus to the suburbs that started after World War II. As the suburbs spread further and further out, they began segmenting into inner ring suburbs, outer ring suburbs and the far flung exurbs.

Today's "back to the city" movement presents some interesting opportunities for your wallet. In fact, inner ring suburbs are likely to see the largest appreciation in value, in Clark's estimation.

When buying in an inner ring suburb, it's a given that the neighborhood may have lost some of its appeal over the years. Therefore, try to find a neighborhood that's located adjacent to an area that's still on the up and up and looks poised for more growth.

Clark often looks at the cars in a neighborhood, or renovations and additions to homes, as other meaningful indicators of a neighborhood that's likely to gain in value.

Of course, there are never any guarantees in life!

Unfortunately, Clark won't be able to answer any questions submitted via commenting. If you have a question, please try posting it to our message boards.

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What others are saying

  • Lilburn, Doraville... are you crazy
    I'm very familiar with these areas, and if you don't speak spanish or cantonese, you won't fit in. My brother bought a place near Grant Park, and he's already had his house broken into, and now generally lives in fear (bars on windows). Inner ring suburbs = ghetto.
  • Unincorporated intown counties
    Look for unincorporated areas within your city. I posted below about living near Emory -- we are in unincorporated Dekalb. All the benefits of the city without the high tax bill.
  • Intown living
    With the financial mess this city is in, the next mayor will have to straighten the unaccountability issues the city engages in or our taxes, water, etc will be raised again and people maybe will be deterred in coming back into a poorly run city. So the inner burbs like Smyrna, which has already boomed, Norcross, Chamblee, Tucker, Doraville (Ford plant redvelopment) and Lilburn could be growth area and people will move there instead of ATL...
  • We recently moved into an amazing neighborhood in Atlanta near Emory University. Ten years ago it might have been considered on the verge of dowdy, with its 50-60's era ranches. Now, these ranches are being painted, renovated, expanded, landscaped and loved by a new generation (such as us). The location can't be beat (close to everything), great parks, schools, transportation, restaurants within walking distance, etc. These houses are being rediscovered not only for their proximity, but also for the fact that they're low maintenance, easy to upgrade, and really the perfect size--not too big or too small. Great lot sizes in these 50's neighborhoods too. We have no major commute anymore and personally feel we won the lottery for choosing location so well. Something to consider...
  • Live intown Atlanta and love it. There is definitely a trend towards moving back in. And why not with a trend towards much higher gas prices and longer commutes to live in places that feel like anywhere usa. I think Clark is right on and if you look at recent appreciation in good intown neighborhoods and how they have held their value versus the outer suburbs you will see values have remained much more steady.
  • Inner Burb
    Check out Grove Park in Atlanta - even the city has a planned redevelopment for that area. Same historical developer as Morningside. The new park is going to be right there. This place is poised to be the next growth area for young professional families
  • Don't buy! Don't Buy!
    The real estate market is flooding with drowning home owners under water. Please be advice that if you buy homes on the hills you will be among the last to drown. At 5% interest cost $2,000 a month will borrow $370,000 in mortgage. At 10% interests cost $2,000 will borrow $225,000. That is a $145,000 difference. Don't forget the interest on top of that.
  • No thanks but nice try with the plug for inner suburbia real estate! Give me the outer burbs or farther any day and my guess is that is where the money is really going. I know mine is!
  • Street Of Dreams is now inner city?
    Portland Oregon's Street Of Dreams contest is now showing condos in the inner city of Portland, in the Pearl District.

    Personally, I have always found this area strange. Most cities have low rents and housing in the inner city areas, but Portland has over priced, old, condos, high-rises, I assume are really owned by millionaires, who invested heavily in an area they don't live in.

    Unless you live in a penthouse, with a pool and hottub, downtown is still grungey.

    They would have to give me the condo for free.
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