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    AI-Generated Neighborhood Summary

    The address 3242 Peachtree Rd NE is located in the Buckhead neighborhood of Atlanta, Georgia. Buckhead is known for its upscale living, vibrant nightlife, and high-end shopping. The crime rate in Buckhead tends to be lower than in other parts of Atlanta, though it can vary by specific areas within the neighborhood. The school district in Buckhead is generally well-regarded, with several highly-rated public and private schools. Nearby amenities include Lenox Square Mall, Phipps Plaza, and a variety of fine dining options. Parks such as Chastain Park offer recreational opportunities, and there are numerous grocery stores and shops nearby.

    The average household income in Buckhead is typically higher than in other parts of Atlanta, reflecting its affluent status. The surrounding neighborhoods like Brookhaven and Midtown also boast a relatively high average income. Buckhead is part of the city of Atlanta, so it is close to the city center, specifically about 6 to 7 miles away, making it convenient for accessing downtown Atlanta's business districts.

    Job growth in Buckhead has been strong, driven by a mix of corporate offices, retail, and hospitality sectors. The area is home to numerous businesses and offers a variety of employment opportunities. With its mix of residential and commercial development, Buckhead continues to be a desirable location for both living and working.

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    Neighborhood Insights
    Key metrics about this location

    Neighborhood Summary

    Nestled in an area known for its diverse lifestyle and vibrant community, this neighborhood offers a blend of modern living and traditional values, providing potential homebuyers with a median home price of $476,000, which is competitive for the region. While the walk and bike scores are not available, indicating a potential reliance on personal vehicles, the neighborhood's charm lies in its economic and social dynamics. With a median household income of $130,793, significantly above the national average, this community is thriving economically. The low poverty rate of 4% further underscores its prosperity, suggesting a stable environment beneficial for families and investors alike.

    Despite its financial strengths, the neighborhood presents a unique housing landscape where renters dominate with 62% compared to 28% homeowners. This indicates a vibrant rental market, although the vacancy rate of 10% could suggest opportunities for new developments or renovations. The median contract rent stands at $1,566, reflecting a balance that appeals to both landlords and tenants. Educational attainment is notable, with 38% of residents holding college degrees, supporting a well-educated workforce. The dominant race in the community is white, and married-couple families constitute 31%, hinting at a socially cohesive environment.

    Financial health indicators show that 40% of homeowners are without mortgages, a positive sign of stability and investment potential. However, 17% are spending 30% or more of their income on mortgages, which highlights the national concern over housing affordability. The presence of 15% non-US citizens adds a layer of cultural diversity, enhancing the community's dynamic feel. While certain metrics such as the owners-to-renters ratio may not align perfectly with national norms, this neighborhood has its unique advantages.

    For those seeking similar price points but more favorable metrics, alternative neighborhoods may offer slightly different compositions, such as lower vacancy rates or higher walkability scores. However, the community's strengths in income levels and low poverty rates may outweigh these considerations for many. Ultimately, this neighborhood provides a robust and appealing option for those looking to invest in a thriving area with a blend of rental and ownership opportunities, ensuring it remains a compelling choice for various demographics.

    Median Home Price

    $476,000

    Walk Score

    -

    Bike Score

    -

    Median Household Income

    $130,793
    Nat'l Avg: $69,021

    Percent Under Poverty

    4%
    Nat'l Avg: 12%

    Median Contract Rent

    $1,566
    Nat'l Avg: $988

    Owners vs Renters

    28% / 62%
    Nat'l Avg: 57% / 31%

    Vacant Housing Units

    10%
    Nat'l Avg: 11%

    Unemployment Rate

    0%
    Nat'l Avg: 3%

    College Degree

    38%
    Nat'l Avg: 21%

    Dominant Race

    White
    Nat'l Avg: 68%

    Married-Couple Families

    31%
    Nat'l Avg: 48%

    Owners Without Morgages

    40%
    Nat'l Avg: 38%

    Mortgage ≥ 30% Income

    17%
    Nat'l Avg: 27%

    Rent ≥ 30% Income

    N/A
    Nat'l Avg: 46%

    Non-US Citizens

    15%
    Nat'l Avg: 7%
    Location Map
    Overview of the neighborhood
    Nearby Places
    Essential locations and points of interest in the area

    Frankie Allen Park

    0.5 miles

    Piedmont Atlanta Hospital

    3.2 miles

    Whole Foods Market

    0.3 miles

    Bones Restaurant

    0.2 miles

    LA Fitness

    0.4 miles

    Hartsfield-Jackson Atlanta International Airport

    17 miles

    Sarah Smith Elementary School

    1.5 miles

    Lenox Square Mall

    1 mile

    Buckhead MARTA Station

    0.8 miles

    Neighborhood Assessment
    Key advantages and considerations for this area

    Dynamic Insights

    The property at 3242 Peachtree Rd NE, Atlanta, GA 30305, was constructed in 1997 and encompasses approximately 97,200 square feet on a 0.78-acre lot.
    In 2012, the property was sold for $85,855,000, reflecting a price of $4,816.55 per square foot.
    As of 2023, the total assessed value of the property is $3,492,160, with an appraisal value of $8,730,400.
    The Buckhead area, where the property is located, has experienced a population growth of approximately 5.96% from 2024 to 2029, indicating a positive trend in local development. These insights highlight the property's historical significance, current valuation, and the area's ongoing growth.

    Custom Narratives

    The Buckhead neighborhood, where 3242 Peachtree Rd NE is located, has a median home value of $595,982, reflecting a strong real estate market.
    The area has experienced a population growth of 5.96% from 2024 to 2029, indicating increasing demand for housing.
    Residents enjoy amenities such as a rooftop pool, fitness center, and concierge services, enhancing the community's appeal.
    The neighborhood boasts a Walk Score of 83, making it very walkable and convenient for daily errands. These factors contribute to the area's desirability and potential for continued real estate appreciation.

    Green Flags

    Prime location with easy access to shopping and dining
    Close proximity to public transportation options
    Vibrant community with diverse cultural activities
    Access to nearby parks and recreational facilities

    Red Flags

    High traffic congestion and noise
    Limited parking availability
    Higher cost of living expenses
    Potential for crowded public spaces
    Flood Risk Assessment
    FEMA flood zone information and historical flooding data

    Flood Zone

    Flood zone information is not available for this property at this time.

    Historical Flooding

    Historical flood damage records are not available for this property.

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