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Athens vs Warner Robins for Rental Property Investing

Side-by-side comparison of Athens, GA and Warner Robins, GA — cap rates, rent, prices, and investment metrics.

Athens wins 4–3 across key metrics
Warner Robins leads on cash flow (5.36% vs 3.73% cap rate) · Athens leads on population growth
Metric
Athens, GA
Warner Robins, GA
Est. Cap Rate
3.73%
5.36%
Median Home Price
$360,000
$250,000
Median Monthly Rent
$1,730
$1,570
1% Rule
0.48%
0.63%
GRM
17.3x
13.3x
Price / Income
9.4x
4.8x
Property Tax Rate
0.9%
0.92%
Vacancy Rate
5.8%
6%
Population Growth
1.2% / yr
1% / yr
Annual Appreciation
3.2%
2.6%
Population
128,000
81,000
Median Income
$38,200
$52,400

Athens vs Warner Robins: Which Is Better for Investors?

Cash flow: Warner Robins has the edge with an estimated cap rate of 5.36% compared to Athens's 3.73%. Neither city passes the 1% rule outright, so deal sourcing and value-add strategies become more important. Median home prices are $360,000 in Athens vs $250,000 in Warner Robins, while rents come in at $1,730/mo and $1,570/mo respectively. For context, the national average cap rate is 3.81% and average price is $333K.

Growth & appreciation: Athens is growing faster at 1.2% annually vs Warner Robins's 1%. Athens leads on home value appreciation at 3.2% per year.

Costs & risk: Property taxes are 0.9% in Athens vs 0.92% in Warner Robins. Vacancy rates of 5.8% and 6% are mixed — Athens has the tighter rental market.

Entry point: Warner Robins offers a lower entry at $250K vs Athens's $360K — a difference of $110K. With a 20% down payment, that's $50K vs $72K. Warner Robins combines the lower price with a higher cap rate — a compelling combination.

Bottom line: Athens edges out Warner Robins on most key metrics. While cap rates are moderate at 3.73%, Athens's overall profile is stronger. Use our free calculators to model specific deals in Athens or Warner Robins.

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Athens, GA
3.73% cap rate · $360,000 median · $1,730/mo
Full analysis →
Warner Robins, GA
5.36% cap rate · $250,000 median · $1,570/mo
Full analysis →

Frequently Asked Questions

Is Athens or Warner Robins better for rental investing?
Athens wins 4–3 across our 7 key metrics (cap rate, 1% rule, GRM, taxes, vacancy, growth, appreciation). Athens's 3.73% cap rate and $360K median price edge out Warner Robins's 5.36% at $250K.
What is the cap rate difference between Athens and Warner Robins?
Athens has a 3.73% cap rate vs Warner Robins's 5.36% — a difference of 1.63 percentage points. This is a significant gap that meaningfully impacts cash flow. For context, the national average is 3.81%.
Which city has lower property taxes?
Athens has lower property taxes at 0.9% vs 0.92%. On a $305K property, that's a difference of approximately $940/year in tax expense — money that goes directly to (or from) your cash flow.
Which city is growing faster?
Athens is growing at 1.2% annually vs Warner Robins's 1%. Moderate growth provides stable demand. Athens's appreciation rate of 3.2% also leads on home value growth.

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