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St. Marys vs Statesboro for Rental Property Investing

Side-by-side comparison of St. Marys, GA and Statesboro, GA — cap rates, rent, prices, and investment metrics.

Statesboro wins 3–0 across key metrics
Statesboro leads on cash flow (4.46% vs 3.81% cap rate) · St. Marys leads on population growth
Metric
St. Marys, GA
Statesboro, GA
Est. Cap Rate
3.81%
4.46%
Median Home Price
$305,000
$280,000
Median Monthly Rent
$1,500
$1,540
1% Rule
0.49%
0.55%
GRM
16.9x
15.2x
Price / Income
6.2x
5.7x
Property Tax Rate
0.93%
0.93%
Vacancy Rate
6.2%
6.2%
Population Growth
0.9% / yr
0.9% / yr
Annual Appreciation
2.9%
2.9%
Population
50,000
50,000
Median Income
$49,350
$49,350

St. Marys vs Statesboro: Which Is Better for Investors?

Cash flow: Statesboro has the edge with an estimated cap rate of 4.46% compared to St. Marys's 3.81%. Neither city passes the 1% rule outright, so deal sourcing and value-add strategies become more important. Median home prices are $305,000 in St. Marys vs $280,000 in Statesboro, while rents come in at $1,500/mo and $1,540/mo respectively. For context, the national average cap rate is 3.81% and average price is $333K.

Growth & appreciation: St. Marys is growing faster at 0.9% annually vs Statesboro's 0.9%. St. Marys leads on home value appreciation at 2.9% per year.

Costs & risk: Property taxes are 0.93% in St. Marys vs 0.93% in Statesboro. Vacancy rates of 6.2% and 6.2% are mixed — Statesboro has the tighter rental market.

Entry point: Statesboro offers a lower entry at $280K vs St. Marys's $305K — a difference of $25K. With a 20% down payment, that's $56K vs $61K. Statesboro combines the lower price with a higher cap rate — a compelling combination.

Bottom line: Statesboro edges out St. Marys on most key metrics. While cap rates are moderate at 4.46%, Statesboro's overall profile is stronger. Use our free calculators to model specific deals in St. Marys or Statesboro.

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St. Marys, GA
3.81% cap rate · $305,000 median · $1,500/mo
Full analysis →
Statesboro, GA
4.46% cap rate · $280,000 median · $1,540/mo
Full analysis →

Frequently Asked Questions

Is St. Marys or Statesboro better for rental investing?
Statesboro wins 3–0 across our 7 key metrics. Statesboro's 4.46% cap rate and $280K median price give it the edge overall.
What is the cap rate difference between St. Marys and Statesboro?
St. Marys has a 3.81% cap rate vs Statesboro's 4.46% — a difference of 0.66 percentage points. This is a relatively small difference — other factors like growth, taxes, and local market conditions may matter more. For context, the national average is 3.81%.
Which city has lower property taxes?
Statesboro has lower property taxes at 0.93% vs 0.93%. On a $293K property, that's a difference of approximately $233/year in tax expense — money that goes directly to (or from) your cash flow.
Which city is growing faster?
St. Marys is growing at 0.9% annually vs Statesboro's 0.9%. Moderate growth provides stable demand. St. Marys's appreciation rate of 2.9% also leads on home value growth.

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