2Jun

If I Had a Million Dollars … I’d Buy You a House, But Where?

moneybags.jpgRemember the old Bare Naked Ladies song? “If I had a million dollars, I’d buy you a house …” Well, if you were looking in North Fulton or South Forsyth for that million dollar house, the odds are that you’d wind up in either the 30004 or 30097 zip codes.

I’m struck by the imbalance of high-end homes throughout the area’s zip codes. The largest concentration by far of million-dollar homes is in 30004 and within that zip code they are concentrated in the City of Milton and in the far northern reaches of the City of Roswell along Cox Road.

Zip Code # of $1M Homes County
30004 168 Fulton/Cherokee
30005 22 Fulton
30022 81 Fulton
30041 51 Forsyth
30040 25 Forsyth
30097 135 Fulton/Forsyth/Gwinnett

The other major concentration of million-dollar homes is on the eastern side of Alpharetta, Johns Creek and into Duluth in the 30097 zip code. The vast majority of these homes are in Sugarloaf (Gwinnett County), St. Marlo (Forsyth County) and then a smattering in St. Ives (Fulton County) and some other smaller neighborhoods.

If you’re looking in 30022, then start in The Country Club of the South where there are currently 71 active listings, 47 of which are over a million dollars. Whereas 30004 is mostly new million dollar construction, the 30022 zip code is “old money” for the area. If you don’t want the gates, guard house and cache of The Country Club, you can pick from the Charleston-esque Ellard on the Chattahoochee or the top end of the Falls of Autry Mill.

Surprisingly, “Eastern Alpharetta” demarked by the 30005 zip code had the fewest representatives in the million dollar club. If you want to buy there, you have only one choice: Windward.

Head to Forsyth County and the 30041 (East) and 30040 (West) zips codes and you don’t have quite as much to choose from. The bulk of Forsyth County’s housing market is in the 400-500k range. If you want to spend a million dollars, then your choices are Creekstone and …. Even Windermere, one of the high end anchors of Forsyth county with its Davis Love golf course tops out in the mid $900’s.

If you go west of GA-400 in Forsyth, you’ll probably be looking at acreage or “estate homes”. There are no million-dollar neighborhoods yet in 30040. The area is quickly being developed but there are still plenty of chicken farms. Don’t forget: Georgia is the number one poultry producing state in the Union. The chickens have to live somewhere, too.

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