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Valdosta vs Waycross for Rental Property Investing

Side-by-side comparison of Valdosta, GA and Waycross, GA — cap rates, rent, prices, and investment metrics.

Waycross wins 3–0 across key metrics
Waycross leads on cash flow (6.39% vs 5.33% cap rate) · Valdosta leads on population growth
Metric
Valdosta, GA
Waycross, GA
Est. Cap Rate
5.33%
6.39%
Median Home Price
$220,000
$165,000
Median Monthly Rent
$1,380
$1,190
1% Rule
0.63%
0.72%
GRM
13.3x
11.6x
Price / Income
4.5x
3.3x
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

Valdosta vs Waycross: Which Is Better for Investors?

Cash flow: Waycross has the edge with an estimated cap rate of 6.39% compared to Valdosta's 5.33%. Neither city passes the 1% rule outright, so deal sourcing and value-add strategies become more important. Median home prices are $220,000 in Valdosta vs $165,000 in Waycross, while rents come in at $1,380/mo and $1,190/mo respectively. For context, the national average cap rate is 3.81% and average price is $333K.

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

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

Entry point: Waycross offers a lower entry at $165K vs Valdosta's $220K — a difference of $55K. With a 20% down payment, that's $33K vs $44K. Waycross combines the lower price with a higher cap rate — a compelling combination.

Bottom line: Waycross edges out Valdosta on most key metrics. With a 6.39% cap rate, it offers solid cash flow potential. Use our free calculators to model specific deals in Valdosta or Waycross.

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Valdosta, GA
5.33% cap rate · $220,000 median · $1,380/mo
Full analysis →
Waycross, GA
6.39% cap rate · $165,000 median · $1,190/mo
Full analysis →

Frequently Asked Questions

Is Valdosta or Waycross better for rental investing?
Waycross wins 3–0 across our 7 key metrics. Waycross's 6.39% cap rate and $165K median price give it the edge overall.
What is the cap rate difference between Valdosta and Waycross?
Valdosta has a 5.33% cap rate vs Waycross's 6.39% — a difference of 1.06 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?
Waycross has lower property taxes at 0.93% vs 0.93%. On a $193K property, that's a difference of approximately $512/year in tax expense — money that goes directly to (or from) your cash flow.
Which city is growing faster?
Valdosta is growing at 0.9% annually vs Waycross's 0.9%. Moderate growth provides stable demand. Valdosta's appreciation rate of 2.9% also leads on home value growth.

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