Updated 2026 · Based on median market data for Milledgeville, GA
The median monthly rent in Milledgeville, GA is $1,210, translating to $14,520 in annual gross rental income per unit. The rent-to-price ratio is 0.54% — well below the 1% rule, making pure cash flow investing challenging at median prices.
Renters in Milledgeville spend approximately 29% of the local median household income ($49,350) on rent. This is within the healthy 25-30% range, indicating rent is affordable relative to local incomes. There may be room for moderate rent increases, especially for updated or well-located units.
The vacancy rate in Milledgeville is 6.2%. This is a healthy vacancy rate that indicates balanced supply and demand. You should be able to find quality tenants without extended vacancies, though expect normal turnover periods of 2-4 weeks between tenants. Population growth of 0.9% annually provides stable demand.
Milledgeville's GRM (price divided by annual rent) is 15.5x. A GRM between 12-16x is moderate and typical of balanced markets. Deals can work but you need to keep expenses controlled. For comparison, the national average GRM for investment-grade rentals is approximately 13-15x.
At the median rent of $1,210/mo, a single-family rental in Milledgeville generates approximately $14,520 in gross annual income. After accounting for 6.2% vacancy ($900 lost), property taxes of $2,093, insurance (~$900), and maintenance (~$900), the estimated NOI is $9,727 per year, or $811/mo.
Milledgeville vs Georgia state average and national average across key investment metrics. Milledgeville beats the national average but trails the Georgia average on cap rate.