Best places to buy rental properties in Georgia

January 14, 2022
● Written by
Teddy

Georgia

Investing in Georgia

If you're looking for a place to invest in rental properties, Georgia is a great option. Here are a few reasons why: 1. The state's economy is booming, thanks to a thriving film industry and a growing number of tech startups. 2. The cost of living is relatively low, which means your rental properties will be more affordable for tenants. 3. Georgia has a relatively low unemployment rate (under 3%).

The Nophin team crunched the numbers and found the five best places to invest in state Georgia properties.

Statewide vacancy rates

GA Rental Vacancy Rate via Federal Reserve Bank of St. Louis

Atlanta, GA

Atlanta is the state's capital and largest city, known for its booming economy and vibrant culture. The city is also home to film studios including Turner Entertainment and Tyler Perry.

  • Population: 498,715
  • Median household income: $64,179
  • Median 1-bedroom monthly rent: $1,759
  • Median listing home price: $432,500

Savannah, GA

Savannah is the oldest city in the state of Georgia with a rich history. It's known for its historical role during the American Civil War and Revolutionary War.

  • Population: 147,780
  • Median household income: $46,149
  • Median 1-bedroom monthly rent: $1,437
  • Median listing home price: $330,000

Athens, GA

Athens, named after Athens, Greece, is a college town home to the University of Georgia.

  • Population: 25,406
  • Median household income: $37,377
  • Median 1-bedroom monthly rent: $1,000
  • Median listing home price: $339,900

Augusta, GA

Nestled on the southeastern border of Georgia, Augusta is the third largest Georgian city that's best known for golf. Each April, visitors visit Augusta to watch The Masters golf tournament.

  • Population: 140,467
  • Median household income: $40,498
  • Median 1-bedroom monthly rent: $950
  • Median listing home price: $210,000

Macon, GA

Macon, centrally located in the "Heart of Georgia", is a city well known for its lively music scene and architecture.

  • Population: 12,082
  • Median household income: $24,623
  • Median 1-bedroom monthly rent: $965
  • Median listing home price: $195,000

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With FDIC-insured bank accounts and cards that seamlessly integrate with easy-to-use software, Nophin helps landlords increase returns and automate rental property finances. Check out what we offer on the Nophin homepage!

Methodology

To help us determine the five best cities in all states, the Nophin team used data from several sources including the 2020 United States Census, the Department of Housing & Urban Development, Federal Reserve Economic Data (FRED), the National Association of REALTORS®, Zumper, internal data, and other reputable sources.

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Please note: Nothing above should be construed as legal, investment, tax, nor financial advice. This content is for informational purposes only. Consult a lawyer and/or an accountant if the above is right for your personal situation.

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