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Warner Robins, GA Cap Rate: 5.36% — Rental Property Analysis

Warner Robins is a mid-range market in the South with a smaller market with 81,000 residents. At a 5.36% estimated cap rate, this is a moderate market where rents of $1,570/mo lag behind home prices. With a median home price of $250,000 and steady population growth supports long-term rental demand, Warner Robins offers opportunities for investors who source deals carefully.

Market data powered by Zillow Home Value Index (ZHVI) and Zillow Observed Rent Index (ZORI) · Updated Feb 2026

Moderate — source deals carefully
Based on $250,000 median price and $1,570/mo median rent
Est. Cap Rate
5.36%
1% Rule
0.63%
Fails
GRM
13.3x
Price / Income
4.8x

Market Data

Median Home Price$250,000
Median Monthly Rent$1,570
Property Tax Rate0.92%
Population81,000
Population Growth1% / yr
Median Household Income$52,400
Vacancy Rate6%
Annual Appreciation2.6%

2026 Market Update: Warner Robins

Warner Robins's 0.6% rent-to-price ratio is well below the 1% rule. At median prices of $250,000, the $1,570/mo rent produces only $1,117/mo in NOI. Investors here need to target below-median properties or pursue value-add strategies to make the numbers work.

At current rates, a 20% down conventional loan ($50K at 7%) would result in approximately $-213/mo cash flow — negative at median prices. Larger down payments, seller financing, or buying 15–25% below median are strategies to turn the numbers positive.

The 13.3x gross rent multiplier and 6% vacancy rate position Warner Robins as a value-oriented market. With annual appreciation at 2.6%, total returns (cash flow + equity growth) run approximately 8.0% before financing leverage.

Deal Modeling & Scenarios for Warner Robins

All figures below are computed from Warner Robins's real market medians. Use them as a baseline; override with property-specific numbers in the calculators.

Property Tax Bill in Real Dollars

Annual$2,300
Monthly$192
% of Gross Rent12.2%

At 0.92% effective rate on the $250,000 median price, the annual tax bill is $2,300 — that's near national average (-13% vs the national average of ~1.06%). Verify the actual assessed value before purchase; sale-triggered reassessments can push the bill higher than the seller's current statement.

5-Year Cap Rate Trajectory

If Warner Robins continues appreciating at 2.6%/yr while rents grow at a conservative 3%/yr, cap rate holds roughly steady as price growth outpaces rent. Year-by-year projection at the median:

YearEst. PriceEst. Rent/MoCap Rate
Today$250K$1,5705.4%
Year 1$257K$1,6175.4%
Year 2$263K$1,6665.4%
Year 3$270K$1,7165.4%
Year 4$277K$1,7675.4%
Year 5$284K$1,8205.5%

Three Financing Scenarios

Same median-priced Warner Robins property — different capital structures. All-cash maximizes cap rate. Leverage trades cash flow for higher cash-on-cash return when the spread between cap rate and borrowing cost is positive.

ScenarioCash InvestedMonthly Cash FlowAnnual CFCash-on-Cash
All cash$250K$1,117$13,4105.4%
20% down conventional @ 7%$58K$-213$-2,550-4.4%
25% down DSCR @ 8.5%$73K$-324$-3,893-5.4%

Three Price Tiers: Below, At, and Above the Median

Properties don't always trade at the median. Lower-priced units typically offer higher cap rates but harder operations; higher-priced properties tend to compress cap rates while attracting better tenants. All-cash assumptions below:

TierPriceRent/MoNOI/YrCap RateMonthly CF
Below median (~75% price)$188K$1,335$10,0215.3%$835
At median$250K$1,570$11,3954.6%$950
Above median (~125% price)$313K$1,805$12,7704.1%$1,064

Total Return Over a 5-Year Hold

Cap rate is just one piece. Real estate returns come from four sources: cash flow, appreciation, principal paydown, and tax benefits. Assuming 20% down conventional financing at 7% and a 5-year hold at Warner Robins's historical appreciation rate of 2.6%:

Cash Flow (5yr)$-12,752
Appreciation$34K
Principal Paydown$15K
Total Return$36K

On a $50K down payment, that's a 73.0% total ROI over 5 years (not annualized). Tax benefits from depreciation are additional and depend on your personal tax bracket.

Risk Flags Specific to Warner Robins

Automated checks against the underlying data — surface only the risks that actually apply to Warner Robins, not generic boilerplate:

Clean readNo major risk flags surface from the underlying data. That doesn't mean a specific property is risk-free — always check submarket conditions, school district, code-enforcement environment, and neighborhood-level data before underwriting.

Cap Rate Calculator — Warner Robins

Pre-filled with Warner Robins medians. Adjust to match a specific property.

Property Details
$
$
3–8% typical
%
Monthly Expenses
0.92% rate
$
$
8–10% of rent
$
8–12% of rent
$
Cap Rate
4.41%Low
Net Operating Income ÷ Purchase Price
NOI / Year
$11,014
net operating income
Gross Rent Multiplier
13.3x
Good (<15)
1% Rule
0.63%
✗ Fails
Monthly Cash Flow
$918
before debt service
Annual Breakdown
Gross Rental Income$18,840
Less Vacancy−$1,130
Effective Income$17,710
Less Operating Expenses−$6,696
Net Operating Income$11,014
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Cash-on-Cash Return — Warner Robins

Factor in financing to see your actual return on invested capital in Warner Robins.

$
$62,500
%
%
years
$
taxes + ins + maint + mgmt
$
$
Cash-on-Cash Return
-5.34%Weak
Annual Cash Flow ÷ Total Cash Invested
Total Cash Invested
$70,000
$62,500 down + $7,500 closing
Monthly Mortgage
$1,222
on $188K loan
Monthly Cash Flow
$-311
after all expenses
Annual Cash Flow
$-3,736
before taxes
Cash Flow Breakdown
Monthly Rent$1,570
Less Expenses−$659
Less Mortgage−$1,222
Monthly Cash Flow$-311

Is Warner Robins a Good Place to Invest in Rental Property?

Warner Robins, GA has a population of 81,000 and has been growing at 1% annually — roughly in line with national trends, meaning demand is stable but not exceptional. The median home price of $250,000 paired with median rents of $1,570/mo produces an estimated cap rate of 5.36%.

Property taxes at 0.92% fall within the national average range and shouldn't present unusual challenges. The vacancy rate of 6% is moderate and within normal parameters for a healthy rental market.

At a price-to-income ratio of 4.8x, homes cost about 4.8 times the local median income of $52,400. This moderate ratio indicates a balanced rent-vs-buy market. Home values have appreciated at roughly 2.6% annually. Steady appreciation means total returns will be primarily cash flow-driven — the more sustainable model for long-term wealth building.

Bottom line: Warner Robins presents moderate opportunities. Cap rates near 5.36% mean deals need careful sourcing — look for value-add rehabs or emerging neighborhoods where rents are climbing.

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