26 Georgia cities ranked by estimated cap rate. The average cap rate across Georgia markets is 5.0%, with median home prices averaging $260K and rents averaging $1,489/mo. Vidalia leads with a 7.8% cap rate at a $165K median price. Property taxes average 0.93% across Georgia markets.
Georgia offers 26 investable rental markets tracked by CapRateCity. The state average cap rate of 5.0% is above the 3.81% national average, making Georgia an attractive state for cash flow investors. No cities pass the 1% rule at median prices, so value-add strategies are essential.
Prices and rents: Georgia home prices average $260K, which is 22% below the national average of $333K. Rents average $1,489/mo. The most affordable entry point is Albany at $160K, while Vidalia offers the highest cap rate at 7.8%.
Taxes and costs: Property taxes average 0.93% across Georgia, below the 1.08% national average — a meaningful cash flow advantage that adds roughly $390 per year to NOI on an average-priced property. Athens has the lowest rate at 0.9%.Vacancy averages 6.2%, in line with national norms.
Growth outlook: Population growth across Georgia averages 0.90% per year, led by Marietta at 1.5%. Home values are appreciating at 2.9% annually on average. Moderate growth provides a stable demand foundation.
Bottom line: Georgia offers moderate opportunities for rental investors. The best deals are in cities at the top of the ranking — use the calculators on each city page to model specific properties.