- Micro-home neighborhood South Park Cottages presents locals an inexpensive various to renting.
- Houses locally begin at $190,000, and the everyday month-to-month mortgage fee is round $1,500.
- South Park Cottages is so common that its developer is constructing one other neighborhood in Georgia.
Booker Washington dreamed of constructing a neighborhood the place on a regular basis individuals might afford to purchase a house
Enter South Park Cottages, a village of 29 tiny houses simply exterior Atlanta that opened in 2023 with costs from $190,000 to $230,000.
Examine that to the everyday dwelling offered in Atlanta, which Redfin discovered price $431,250 as of February 2024.
The demand was clear: All 29 houses — one- and two-bedroom models starting from 400 to 650 sq. ft — offered out over a 12 months earlier than they have been even constructed and fewer than two months after hitting the market.
Washington, the 41-year-old proprietor and founding father of micro-home-builder Techie Houses, needed to supply locals an alternative choice to renting or shopping for a conventional single-family dwelling.
“Accessible homeownership is a matter in Atlanta,” he mentioned. “Our objective is to supply houses at a worth level the place mortgages are equal to or lower than the price of renting a one-bedroom condominium.”
Situated in Faculty Park, Georgia, South Park Cottages has been so profitable that Washington is constructing a second neighborhood, Union Park Cottages, close by. Gross sales for its 26 houses launch later this month.
South Park Cottages can be the primary Black-owned micro-home neighborhood within the Atlanta space. Have a look round.
