Barrow County Experienced Largest Increase in Mortgage Homes in Georgia from $100K+ Income Households

This actually comes as no surprise. I have calls from Buyer’s who want to relocate in Barrow County all the time. Barrow County gives the feeling of a rural area, but offers easy access to both Athens and the NE Metro Atlanta area. This gives you the choice of what you want to experience without being boxed in to a constant high traffic setting. It also offers a great option for those who have young adults that are attending UGA. It eliminates quite a bit of the expense of housing if they can still live at home during their years in college. I ran across this article in GAVOP which detailed this.

The Largest Increase in Mortgaged Homes in Georgia was from $100,000+ Income Households

A recent analysis shows that there was a large increase in the number of mortgaged homes for households with an annual income of over $100,000. Additionally, there was a decrease in mortgages for homes of with lower household incomes on both state and national levels. The information was produced by Gavop which used the latest data from the United States Census Bureau to create a county level study on real estate trends in Georgia.

The following graph shows the top five counties with the highest percentage increase of mortgaged homes with a household income of over $100,000 between 2009 and 2016:

Areas to experience such a high increase in mortgaged homes with incomes over $100,000 were mostly located in suburban counties close to metropolitan areas like Atlanta (Barrow and Walton County) and Macon (Houston County).

During the same seven year time period, the lowest decrease in mortgaged homes of the $100,000 income value was in Carroll County at just -4.2 percent. Paulding County experienced the next highest decrease at -3.0 percent followed by Fulton County at -0.59 percent.

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