Just 20 miles northwest of Downtown Atlanta, Marietta combines small-town appeal with historic charm. With so many things to do, it’s no wonder it attracts a wide array of residents, including young professionals, entrepreneurs, artists, and families. Not surprisingly, a CNBC report of the top ten cities to buy a home in 2023 listed the Atlanta-Sandy Springs-Marietta area as number one. So, if you are considering buying or investing in a home, here are the Marietta real estate market prices, trends, and forecast for 2023.
Marietta home prices and appreciation are higher than the national average
Because of its desirable location, median home prices in Marietta are higher than the national average. The median price for a home for sale in Marietta is $434,400, while the national median price is almost $100,000 less at $338,100. The Marietta median home price is also higher than the median home price in Atlanta, which is currently at $375,500, and the median home price in the entire state of Georgia, currently at $362,600.
In addition, home appreciation values in Marietta have seen a 16.6% increase over one year. This is higher than the national average, which is only 8.27%. Taking into account home values in the last ten years, home appreciation in Marietta has increased by 167% over that time. And the upward trend is expected to continue in 2024. For those looking to invest in real estate, the higher appreciation of Marietta properties can be a profitable option.
Marietta’s population is steadily growing. With a population density of 2,451 people per square mile, it’s currently the 626th largest city in the U.S. According to the most recent U.S. Census data, the current population of Marietta is 62,602. In 2020, the population was 60,972, marking a more than 2.5% increase. Compared to 2010, when the population was 56,579, the city has grown exponentially. This upward population trend is expected to continue as the overall population in Atlanta grows.
The strong economy and job growth
Marietta serves as the county seat of Cobb County, and the county government is one of its leading employers. It houses many facilities and offices for the county. As the county seat, it's an essential administrative and judicial center for the Cobb County government and services. This contributes to the city's economy and provides ample employment opportunities for professionals, administrators, legal staff, enforcement officers, and other government employees.
Marietta also benefits from its proximity to some of the biggest companies headquartered in Atlanta. Coca-Cola, UPS, Home Depot, Delta Airlines, Equifax, Primerica, and Global Payments are among numerous companies that are the largest employers in the area.
The unemployment rate in Marietta is 3.9%. This is below the national average of 6%. The city has seen a 2.9 increase in the job market since last year. Over the next ten years, job growth is expected to increase by 51%. This is significantly higher than the national average, which is 33.5%.
Best Marietta neighborhoods
Walton Creek Estates
One of Marietta’s most affluent neighborhoods, Walton Creek Estates features spacious custom-built homes on expansive lots. The exclusive enclave offers residents plenty of privacy and luxury amenities. You’ll get easy access to fine-dining restaurants, cafes, shopping plazas, and top-rated schools. It’s minutes from East Cobb Park and several golf courses, including the members-only Atlanta Country Club and Indian Hills Country Club.
The Highland Pointe Subdivision is one of the most sought-after communities in Marietta for its collection of luxury homes. tt offers a mix of single-family homes, townhomes, and condominiums. There are several community amenities available for residents, including an Olympic-sized pool with six swimming laps, tennis courts, and a clubhouse. The beautiful natural surroundings offer walking trails and stunning views of the local landscape. Highland Pointe also hosts community events year-round, including trivia nights and holiday pool parties.
An ultra-luxury subdivision, the Brookshyre Manor neighborhood features elegant homes and luxury estates. They come in a range of architectural styles, including European, English Manor, Traditional, and Cornerstone Craftsman. Its convenient location near Roswell means residents have quick access to plenty of amenities. It’s also close to parks, sports facilities, and walking trails, providing numerous recreational activities.
Work with a local and knowledgeable agent
A native resident of Atlanta, Heather Armstrong is dedicated to making sure her clients get the best of what the market has to offer. Heather’s holistic approach, excellent customer service skills, and extensive expertise make her one of the most sought-after real estate agents in the region. Her trustworthiness and dedication to her craft means she can guide you through every aspect of the real estate process. With an extensive network of professionals, including contractors, designers, and lenders, she can help connect you to industry leaders. Call Heather today and work with one of Marietta’s top agents.
*Header photo courtesy of Heather Armstrong