Less expensive than Cabbagetown, but no less community-driven, the southwest neighborhood of Adair Park is the epitome of up and coming. Defined for decades by racial tensions that led to social upheaval and eventual economic disparity, Adair Park stands out as a neighborhood that, when times get tough, knows how to go with the flow. And, it’s this open-armed welcoming of change that, in part, lends Adair Park its charm. For those of us who buy and sell homes for profit here, it’s also paid off in spades.
In addition to the old bungalows and Craftsman-style homes, you’ll now find warehouses converted into mixed-use spaces, loft-style apartments, and art galleries—all of which have helped to draw in eager home buyers. The latest, and one of the biggest, projects coming down the pipe is the transformation of the long-abandoned George W. Adair School into The Academy—an art-centered live/work space meant to be inspiring and affordable. It’s reformation projects like these that are attracting more Millennials, in particular, to the area than ever before. And, for the old-timers, that’s just fine. Change can be hard; but, in the end, they know from experience that change is good.
Though median days on the market are currently up in this part of town, and median home sales prices are down, keep in mind that some parts of the ATL experience season housing market shifts more intensely than others. And, with many of Adair Park’s revitalization projects still in their infancy, the neighborhood isn’t yet on every investor’s radar. For you, that’s a good thing. There are few real estate investment opportunities more rewarding than playing a direct part in a neighborhood’s ongoing transition, except, perhaps, making a potentially great living while doing it.