Neighborhood Setting And Residential Profile
Mellwood is an established neighborhood situated in Fulton County in southwestern Atlanta, Georgia. The neighborhood is home to a compact population of 275 residents. Daily life in Mellwood features a dense urban atmosphere alongside access to a lot of parks. Housing in the community is predominantly renter-occupied, with 81 percent of households renting and 19 percent owning their residences. Real estate figures for Mellwood reflect a median home value of $353,100, paired with a median local rent of $1,035.
The Barge Senior Living Development
A prominent housing anchor in Mellwood is the assisted senior community known as The Barge, situated at 2440 Barge Road SW. The residential property encompasses 129 one-bedroom units, with each layout measuring approximately 650 square feet. Designed specifically for individuals aged 55 and older or disabled residents, the complex was acquired from the City of Atlanta for approximately $6. 8 million. Goode Van Slyke Architecture designed the comprehensive $22 million rehabilitation plan for this Barge Road address. Project planners established an estimated 18-month construction timeline scheduled to reach completion in 2023.
Community Affordability And Local Economics
Economic metrics in Mellwood include a median household income of $41,176 among local residents. Housing affordability within the neighborhood was reinforced when the Invest Atlanta Board approved an $8 million tax-exempt loan and a $3 million tax-exempt bond for The Barge. Units at the 2440 Barge Road development are restricted to an affordable threshold set at 60 percent of the area median income. Tenant pricing at the complex was structured around an expected rent of $930 per month. Through Atlanta Housing's Rental Assistance Demonstration program vouchers, residents at the property pay no more than 30 percent of their income toward rent.