Atlanta Named in "Top 10 Places to Invest" by Money Magazine

10. Atlanta GA

Projected gain in home prices (2006-2011): 24%

Sure, the projected price gain is only a third that of top-ranked Panama City. But it's dramatic for a metro region with a population of more than 5 million people. NeighborhoodScout's Schiller notes its strategic importance as the primary "growth pole" for the entire Southeast, and Bruce Katz, head of the urban development program at the Brookings Institution, says Atlanta is "sprawl on steroids." While the city itself is home to only 400,000 people, the greater region includes 110 municipal governments, each determined to beat its neighbors in growth. With the greatest job growth expected near Atlanta's heart, commuters from far-flung suburbs are fighting harder each day to get back inside the I-285 "perimeter" that encircles the city. That has already pumped up prices in the more desirable north Atlanta neighborhoods, including swank Buckhead, forcing less well-heeled newcomers to look outside the perimeter for a price break. Expect to see the greatest appreciation along Atlanta's southern perimeter fringes, particularly in and around Peachtree City.

Metro Region Stats

Median home price (2011): $214,000

Population (2011): 5,615,000

Per capita income (2011): $45,400