Atlanta's Seven Richest Neighborhoods

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The Big Peach, A-Town, Dogwood City – whatever you know it by, Atlanta the most populous city in the state of Georgia, and one of the hottest cities in the south. Atlanta is known for Hartsfield-Jackson, the busiest airport in the world, its involvement in the Civil Rights movement (and being the hometown of Martin Luther King, Jr), a diverse food scene, and major sports teams, including the Atlanta Hawks, Falcons, Braves, and Thrashers.

So, from culture to sports and good weather, Atlanta has a lot to offer visitors and residents alike.

As such, Atlanta is the destination of choice for the affluent. In fact, 12 billionaires live in Atlanta. Of them, Jim Kennedy (inheritor of Cox Communications, the cable company) is projected to be the wealthiest, with a net worth around $8.2 billion. Only a handful of cities have more billionaires; among them: Los Angeles, New York, and Dallas. Furthermore, in 2010, JPMorgan Chase published data showing that Metro Atlanta has 68,000 households with $1 million to $25 million in investable assets. With so many wealthy people flocking to Atlanta, the economy is sure to continue its upward trajectory.

This article is going to dive into exactly where the affluent have decided to live in Atlanta.

The 7 Richest Neighborhoods in Atlanta

Tuxedo Park

Tuxedo Park lives up to its name. Developed by Charles H. Black Sr. in the early 20th century, Tuxedo Park is roughly 600 acres of enormous, beautiful estates on tree-lined streets with generous lots.

With a median listing price of $3.7 billion over the past year, Tuxedo Park is one of the most expensive neighborhoods in the Atlanta area. Its homes range from Georgian and Tudor to Greek Revival and Italian. Conveniently located near I-75 and GA 400, if you live in Tuxedo Park, you’ll be able to easily access different areas all over the city.

Ansley Park

Ansley Park, at roughly 275 acres, is a National Historic Registry neighborhood located a few miles north of downtown, between Midtown and Piedmont Park, just northwest of the Atlanta Botanical Gardens. According to the Atlanta Journal, Edwin Ansley, the designer behind Ansley Park, built wide roads to accommodate what – at the time – was a brand new technology: the automobile. Therefore, unlike many neighborhoods of its age, Ansley Park was built with wide roads. The homes in the area are Tudor, Italian Renaissance, Federal, and Colonial, built roughly over a century ago (but with many tasteful, modern updates within).

The average home value in Ansley Park is around $1.9m, making it one of the most posh neighborhoods in the Atlanta area.

Ansley Park Atlanta Georgia - Bama in ATL, CC BY-SA 4.0

Chastain Park

Chastain Park is one of Atlanta’s wealthiest neighborhoods. Chastain is located north of downtown with Buckhead bordering it to the south. With an average median income north of $230k annually, Chastain is definitely worth a look. Chastain Park is also one of Atlanta’s largest parks, at 268 acres, and it features the Cadence Bank Amphitheatre, where concerts are held regularly. With plenty of hiking and biking trails, horse-riding, tennis courts, and more, the area has a lot to offer.

The average home value in Chastain Park is around $1.6m.

Morningside

Founded in 1923, Morningside / Lenox Park is one of the richest neighborhoods in Atlanta. With its stellar schools and proximity to downtown, Morningside is busier than some of the neighborhoods on this list, which makes it a great option for someone who’s looking for more of the city-feel, compared to a lot that’s tucked away. As such, Morningside is very walkable and offers tons of opportunities for shopping and dining, including Fat Matt’s Rib Shack, The Colonnade, and Jai Ho.

In the 1960s, residents of Morningside banded together to fight a plan for the I-485 to be built through the neighborhood, successfully preserving this rich, in-town neighborhood for future generations to enjoy and appreciate.

The average home value in Morningside is roughly $950k.

Druid Hills

Druid Hills is Atlanta’s first suburb, located northeast of downtown Atlanta with Decatur bordering it to the west and Morningside-Lenox Park bordering it to the east. Druid Hills is perhaps best known for being the neighborhood near Emory University, an exclusive private research university. Accordingly, Druid Hills has some of that academic influence, earning a spot as one of the trendier neighborhoods on this list.

Styles vary from Tudor, Italian Renaissance, Victorian, to Georgian. Nearby parks include the Lullwater Reserve, which has a trail that circles Candler Lake, and Burbanck Park. Popular shopping destinations and restaurants abound, leaving residents with plenty to do.

The average home price in Druid Hills is roughly $750k.

Candler Park

Candler Park has a reputation for music festivals, art, and carnival rides. Homes in this area were typically built in the late 1800s and early 1900s, so the styles largely reflect those that were popular in that time period: Victorian and Craftsman Colonials. The park itself was gifted to the city by Asa Candler, a former mayor of Atlanta and founder of the Coca-Cola Company. The neighborhood of Candler Park surrounds the park itself, which is one of the oldest public parks in Atlanta.

According to redfin.com, the average sales price of a home in this neighborhood is north of $600k over the past year.

Grant Park

Grant Park, at 130 acres, is Atlanta’s oldest park. Located just southeast of downtown Atlanta, Grant Park (the neighborhood) now circles around Grant Park (the park) and Zoo Atlanta.

This area is rich in history, culture, and phenomenal homes. Grant Park has one of the largest collections of Victorian-era homes in the city of Atlanta. It is also home to the second-oldest house in Atlanta, an Italianate mansion owned by Lemuel P. Grant, a railroad businessman. Craftsman Bungalows are also very prevalent in the area, which makes it more accessible for those looking for a smaller home that’s easier to maintain.

Grant Park has no shortage of trendy cafes and restaurants, leaving residents with plenty to do and explore.

The average home value in Grant Park is $515k.

There you have it – Atlanta’s Richest Neighborhoods!

While this list of Atlanta’s most expensive neighborhoods may be intimidating, don’t fret – Atlanta’s a remarkably affordable city. In general, the home price to income ratio (how much people spend on their housing relative to their income) is 4.2 in Georgia, compared to 4.7 nationwide. We’ve even got a guide to Atlanta’s best neighborhoods for first-time homebuyers, as well as a list of affordable suburbs in Atlanta.

Atlanta’s a huge city – and whether you’re looking to spend a lot or a little on your home, you can find it here.

And when you’re ready to move, we have local movers in Atlanta as well as long-distance Atlanta movers to get you there.

Larry Blue

City Operations Manager at Bellhop

Larry has been in Atlanta for more than four years. He enjoys hanging out in Buckhead, exploring the parks and trails of the Atlanta BeltLine, snowboarding, and rooting for his favorite local sports teams (including the Braves, Falcons, and GA Bulldogs). Larry has been in the moving industry for more than five years, and says he knows it's going to be a good moving day "[when] all items are boxed and sealed and there's a clear path from house/apartment to the truck."