Updated 2026 · Based on median market data for Waycross, GA
Waycross sits in the South with a population of 50,000 growing at 0.9% annually. The median home costs $165,000 while rents average $1,190/mo, producing an estimated cap rate of 6.39%. This puts Waycross in the upper tier of investable US markets.
Waycross is ideal for cash flow investors, BRRRR practitioners, and anyone building a portfolio of affordable, income-producing rentals. The low price point ($165,000) means you can get started with a $33,000 down payment, and the 6.39% cap rate should produce positive cash flow even with conservative financing.
Target properties priced 15-25% below the $165,000 median — around $132,000 or less. At this price point with $1,190/mo rents, your cap rate improves to roughly 8.4%. Factor in 0.93% property taxes ($1,535/yr), budget 5% of gross rent for maintenance, and underwrite to a 6.2% vacancy rate. On a 20% down conventional loan at 7%, monthly PITI will run approximately $1,106.
Every deal should be evaluated individually using our calculator tools. Median data provides a starting point; actual returns depend on the specific property, financing, and your management approach.
Run the numbers on a specific Waycross property using our cap rate calculator (pre-filled with Waycross data). Compare Waycross against similar markets in the South region. If you're considering a value-add approach, try our BRRRR calculator to model a rehab scenario.
Waycross vs Georgia state average and national average across key investment metrics. Waycross outperforms both benchmarks on cap rate.