Virginia Highlands Apartments and Real Estate

High demand in this Atlanta neighborhood has brought a jump in home values.
By: Gina Hannah
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Because the Virginia Highlands neighborhood has become a trendy address for many of Atlanta's residents, recent years have seen a spike in real estate prices.

The neighborhood, which consists of seven shopping districts connected by blocks of pedestrian-friendly residential districts, offers a mix of single-family homes, condominiums and apartments for those who want easy access to the shops, restaurants and night spots nearby. Virginia Highlands was developed in the early 1900s, and many of its original homes have been updated. But having a trendy, inside-the-Perimeter address comes with a hefty price tag; you'll be hard-pressed to find a single-family home in the neighborhood for under $500,000, and, if you do, it's likely the structure is a tear-down waiting for new construction on the lot. And get ready for a big jump in prices if you try to move up from a condo to a single-family home.

On the high end, new custom homes with nearly endless features and amenities can cost nearly $3 million. The median price for a single-family home is just over $500,000. For about the same amount of money, you may be able to find a duplex or fourplex and live in part of the building while you rent out or renovate the other units.

The townhomes and condos with the most features will cost around the same as a single-family home, around $500,000. But you'll often get such features as garage parking, gated security, a pool and views of the city skyline.

Sky Hill Townhomes, under construction in 2013, will offer a dozen three-bedroom townhomes on one of Virginia Highlands' highest elevation points, offering a stunning city skyline view from most units. Townhomes will cost around $560,000. Other condominiums in this price range can be found in the Virginia Hill high-rise tower. Copenhill Lofts offers newer construction and a contemporary look popular with young professionals and couples. Prices start at about $320,000 for a two-bedroom. If you're looking in the $200,000 range, check out Morningside Place, near the Morningside Nature Preserve, Providence on Ponce, The Barnett Virginia Highland or the Historic Colonnade. Several complexes have condos in the under-$200,000 range, including Greenwood Lofts, Somerset, Highland Place, The Frederica and St. Charles.

Some one-bedroom condos can be found for under $100,000, but many of these are apartment conversions, which sometimes won't have the soundproof qualities and comforts of a true condominium. If you are looking for an apartment, you have many communities from which to choose, with rents ranging from about $850 on up, depending on the number of bedrooms and amenities offered. Larger complexes include Ford Factory Lofts (1-2 bedrooms, from $835 to $1,450), The M Apartments (1-3 bedrooms, $1,839-$2554) and Park & 12th Apartments homes. The larger, luxury communities offer such services as pools, gated access, clubhouse and fitness center.

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