Real estate in the Penelope neighborhood, sometimes referred to as Penelope Neighbors, is attractive to prospective homebuyers for a number of reasons. Most of all, this small and quiet neighborhood is well-connected to a variety of transportation options. Plenty of routes from the Metropolitan Atlanta Rapid Transit Authority (MARTA) cover the neighborhood, and the community is just five miles from downtown via Interstate 20.
Penelope’s proximity to several government offices also make houses here attractive for those who work in public service. The Social Security Administration, Department of Labor and South Metro Atlanta Career Center are three such offices located just minutes from the neighborhood.
With these offices in the vicinity, residents of Penelope have easy access to numerous MARTA bus lines that run near them. Routes servicing the area include line numbers:
Penelope is also covered by the commuter rail line, which has a convenient stop at the West Lake Transit station on the east side of the neighborhood. However, most residents still choose to own a vehicle, as it makes shopping and running errands much easier.
Homes in Penelope are also attractive because of their price. It is common to find homes for sale under 100k, as the average closing price is about $90,000 and residences are priced at about $76 per square foot. Compared to other areas close to Downtown Atlanta, this makes for very cheap housing. Rentals in Penelope are also affordable compared to other neighborhoods in the city. At a median price of $946 per month, rent is on par with national averages and falls well below the median rates in the rest of Atlanta. Of the 3,838 residents in Penelope, 56 percent rent and 44 percent own their homes.
The houses in the neighborhood tend to be small to medium in size. Most are well-established residences that were built between 1940 and 1969, but newer dwellings built between 1970 and 1999 are also present.
Apartments in the area include:
- Luther Landing
- Kings Glen
- Hidden Village
- Verbena Garden
It is worth noting that the vacancy rates are higher than average in the Penelope neighborhood. In fact, 43 percent of residences are unoccupied, which is why many of the properties are so affordable.
People who own or rent a homes in Penelope tend to be a bit older than the average resident age in Atlanta, which is 33 years of age. The median age in Penelope is 37, and approximately 48 percent of the residents are single or live alone, which is also higher than average.
Although there are many single people in Penelope, many families call this neighborhood home and children make up about 15 percent of the population in this area. Families with homes in Penelope have several options when enrolling their children in school. The education opportunities in and around the neighborhood include the following facilities:
- F.L. Stanton Elementary School
- KIPP Atlanta Collegiate
- Douglass High School
- Peyton Forest Elementary School
- Grove Park Elementary School
- KIPP Strive Academy
Charter and private school options are recommended, as many public schools in the area have a C or D rankings.
When considering properties in Penelope, the low crime rate is also a draw for many potential residents. Penelope has a low number of violent and property crimes, with most incidents in these categories falling well below the national averages. Compared to the surrounding areas, such as Mozley Park, Florida Heights and West Lake, Penelope is one of the safest neighborhoods west of Atlanta.
In addition to cheap housing, great transit options and a low crime rate, Penelope has several different recreational activities available. In terms of parks, residents can take advantage of the following options:
- The neighborhood is connected to Mozley Park via the Lionel Hampton Trail, which starts by the MARTA West Lake Station train stop.
- Anderson Park, which has a recreation center, is a great outdoor space found on the northern border of the neighborhood.
- Shirley Place Park is found just a few blocks northwest of Penelope Neighbors.
Although all these parks are easy for residents to walk to, the Penelope neighborhood itself is not very walkable, as its walk score is just 37 points out of 100. However, these parks provide plenty of options for residents who want to get exercise outside.
Those who own and rent homes in Penelope have several options for dining in and near the neighborhood. Two of the most popular establishments are Jamal’s Buffalo Wings and Unity. Both of these restaurants are just south of Interstate 20, which composes the southern border of the neighborhood. Just a short drive to the west, residents can also find more chains and independent restaurants such as:
- Famous Fish of Atlanta
- American Deli
- Hong Kong City
- Burger King
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