Updated 2026 · Based on median market data for Waycross, GA
The median monthly rent in Waycross, GA is $1,190, translating to $14,280 in annual gross rental income per unit. The rent-to-price ratio is 0.72% — below the 1% rule but within a range where deals can work with good financing.
Renters in Waycross 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 Waycross 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.
Waycross's GRM (price divided by annual rent) is 11.6x. A GRM under 12x is excellent — it means you're paying less than 12 years of gross rent for the property, suggesting strong income relative to price. For comparison, the national average GRM for investment-grade rentals is approximately 13-15x.
At the median rent of $1,190/mo, a single-family rental in Waycross generates approximately $14,280 in gross annual income. After accounting for 6.2% vacancy ($885 lost), property taxes of $1,535, insurance (~$660), and maintenance (~$660), the estimated NOI is $10,540 per year, or $878/mo.
Waycross vs Georgia state average and national average across key investment metrics. Waycross outperforms both benchmarks on cap rate.