10,440 in Old Fourth Ward; 432,427 in the city of AtlantaHouse styles:
Queen Anne, Italianate, Colonial Revival, Craftsman bungalow, and shotgun cottagesExpect to pay:
About $150,000 for a house that needs TLC; refurbished houses cost from $250,000 to $400,000
Located just a 15-minute walk east of downtown, O4W, as locals sometimes refer to it, was settled after the Civil War by African-American factory workers and working-class whites. It later became a hub of the Civil Rights movement, due in part to its most famous resident: Dr. Martin Luther King Jr. was born and raised here, and his birthplace and gravesite are a part of the Martin Luther King, Jr., National Historic Site. The neighborhood suffered when businesses and homes were demolished in the 1970s for a highway that was never built. But its fortunes are reversing quickly, thanks in large part to the Historic District Development Corporation, a grassroots community organization co-founded by Coretta Scott King, Dr. King's widow, that has spearheaded the preservation of important homes and buildings in the area.
One big recent boost was the 2011 opening of Historic Fourth Ward Park, a 17-acre oasis boasting fountains, picnic areas, and jogging paths that's a part of Atlanta's BeltLine project to connect its neighborhoods with parks and trails. Ponce City Market, another project in the works, will transform a former factory into a vibrant mix of retail, office, and residential spaces. Meanwhile, galleries, bars, and hot-spot restaurants—including local favorite P'cheen—have opened to serve the gentrified and multicultural mix of residents who are fixing up the area's mostly modest-size period homes. Get in on the action while you can.
Among the best for: Editors' Picks
, The South
, City Living
, Easy Commute
, Lots to Do
, American Heritage