In an arc that stretches from Cartersville to McDonough to Winder, dozens of metro Atlanta neighborhoods are drowning. There’s not another metro area in the United States with as many concentrated pockets of mortgage holders who are underwater on their loans. No place else comes close.
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How we got the story
Arielle Kass, who covers housing for the AJC, noticed on a Zillow map of negative home equity that many Atlanta-area ZIP codes were among the worst 1 percent, 5 percent and 10 percent in the U.S. She got the full list of the worst 1 percent from Zillow, and discovered that Georgia had more ZIP codes on that list than any other state. She then did a full analysis of the Georgia data, spoke to housing experts, and interviewed residents of Riverdale, which had a higher percentage of underwater homes than any other area in the state.