Did you know that rents are at an all time high? Median asking rent has reached an all-time high, rising to a record $1,006 in the first quarter of 2019, according to recent data from the U.S. Census Bureau according to this article in HousingWire.com. Rental properties that were lying vacant remained low at 7% in Q1, a factor that is driving up rental prices.
In the Atlanta market according to RentJungle.com rent is even higher the closer you get to Atlanta. As of April 2019, average rent for an apartment in Atlanta, GA is $1679 which is a 4.17% increase from last year when the average rent was $1609 , and a 0.12% increase from last month when the average rent was $1677.
Why Rent When You Can Own?
So it bears asking…why rent? An article in KeepingMattersCurrent.com offers these reasons:
- Owning your own home vs. renting may lead to some great options, such as locking in your monthly payments and having the freedom to customize your living space.
- Whether you rent or own, you have to cover someone’s mortgage costs. You may as well be doing so to build your own wealth, rather than that of your landlord.
- Renting and owning both have up-front fees when you sign your lease or close, respectively. Think about putting that money to work for you!
Check out Rocklyn Homes’ newest community of StoneMill that is NOW SELLING in the Stone Mountain/Tucker area of DeKalb County. StoneMill, a new townhome community is priced from the high $100’s and is in a very convenient location minutes from Stone Mountain Park, Hwy 78 and I-285.
Surrounded by numerous parks and with easy access to the best of Atlanta, StoneMill offers easy access to DeKalb Farmers Market, North DeKalb Mall, Northlake Mall and many more small shopping centers, eateries and other shopping venues.
StoneMill is offering great incentives during their summer SELLAPALLOZA Celebration going on now. Get up to $10K in Buyer Bonus and $1K Broker Bonus plus have a ball at their weekend open houses going on in August!
StoneMill offers many luxury features in their three bedroom, two and 1/2 bath townhome plans. You will feel right at home with a sophisticated exteriors like brick, stacked stone and cedar shake exterior accents*. Love to entertain in these open-plan homes with splendid features. Enjoy hardwoods on the first floor, oak tread stairs, fireplace, high top breakfast bar or island*, granite countertops with tile backsplash and 42″ kitchen cabinets. Security features include a fence* and full security system. *per plan
Directions: From I-285 East take Exit 39B StoneMountain Fwy/ US-78/GA 410E towards Snellville/Athens. Travel 3.74 miles and take the Exit toward Mountain Ind. Blvd / Tucker. In .22 miles turn right on Mountain Industrial Blvd.. travel; .65 miles and turn left on E. Ponce de Leon Ave.. In 1.06 miles turn left onto Juliette Dr., in .14 miles turn right onto StoneMill Way and in approximately .09 miles StoneMill Community will be on the right. StoneMill is located on StoneMill Way in Stone Mountain, GA 30083
Atlanta’s Top 5 HomeBuilder
Award Winning Rocklyn Homes is one of Atlanta’s Top 5 Homebuilders in the Atlanta Business Chronicle. Ranked Nationally at #68 in the 2019 Builder 100 List by Builder Magazine. Rocklyn builds quality single-family homes and townhomes with award-winning plans in the Metro Atlanta area from the mid $100’s to $400’s.
Townhomes from the high $100’s
Sales Center Hours are Tuesday-Saturday 11 a.m. – 6 p.m and Sunday & Monday 1 p.m. – 6 p.m
*All photos shown depict similar product being built. Price, plans, specifications are subject to change without prior notice. * All options are per plan