Are you looking to buy a house? It might seem like you need to move far away or to the middle of nowhere to be able to find a decent place… but that actually might not be the case at all. A new study conducted by Moving Place has found that Atlanta’s 30349 zip code is the most affordable in the entire United States for renters who are looking to enter homeownership. Keep scrolling for all the details on this shocking new study!
Give me the details on 30349
Atlanta’s 30349 zip code, which is located in Fulton County, is a great, affordable spot to buy a home, according to Moving Place. Here, the median home value is $257,899, with an average mortgage rate of 5.67%.
Here’s what Moving Place has to say about Fulton County,
The ZIP code with the lowest mortgage-to-income ratio is 30349, located in Fulton County, Georgia. Fulton County is home to 15 cities, including Atlanta, the state’s capital and largest city by population. With a median home value of $257,899 and a mortgage-to-income ratio of 25.1%, Fulton County comfortably meets the 28/36 rule.
Here are the top 5 most affordable zip codes for renters to enter homeownership in the United States
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30349 (Atlanta, GA)
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75217 (Dallas, TX)
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60617 (Chicago, IL)
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37042 (Clarksville, TN)
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60629 (Chicago, IL)
On the flip side of this, one of the least affordable zip codes in the U.S. is also near ATL. Ranking at the 19th least affordable, is 30024, or Suwanee, Georgia.
How did Moving Place come up with this data?
They analyzed the 150 most populous ZIP codes in the country to find which ones were the most affordable for renters to buy and move into their own homes. You can see the full study and methodology on their website, here.