Real Estate Investing in Carrollton, Georgia (30117)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 30117 (Carrollton, GA)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 8.6% vacancy may signal weakening demand.
- Elevated poverty: 21.6% poverty rate — can affect rent collection.
What’s happening in Carrollton, GA (30117)?
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Market Analysis: 30117 Carrollton
The 30117 ZIP covers a section of Carrollton that demands careful diligence. Prices near $286K look accessible, but the work to make a deal cash flow is real.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $286K asset, 30117 is the wrong submarket. If the plan prices in friction, the yield can still work.
Within GA, ZIP 30117 trails on several market indicators that neighboring Carroll County submarkets outperform. The gap is real and durable enough to shape underwriting.
Demographically, 30117 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
leans the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Carrollton:
Property Strategy for 30117
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $182,634 | $1,180 | 4.7% | +8.9% | $182,634 |
| 2BR | $196,658 | $1,290 | 4.7% | +9.0% | $98,329 |
| 3BR | $264,906 | $1,550 | 4.2% | +8.8% | $88,302 |
| 4BR | $379,443 | $1,850 | 3.5% | +7.7% | $94,861 |
| 5BR | $479,268 | — | — | +7.8% | $95,854 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 30117 Compare?
| Metric | 30117 | Carrollton | Atlanta-Sandy Springs-Alpharetta, GA | Georgia |
|---|---|---|---|---|
| Home Value | $286,033 | $192,977 | N/A | $329,538 |
| 5-Year CAGR | 5.5% | 5.5% | N/A | 7.8% |
| Avg Rent | $1,386 | $1,596 | N/A | - |
| Cap Rate | 3.8% | 4.3% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 30117 (Carrollton, GA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $286,033 |
| Monthly Rent | $1,386 |
| Price-to-Rent | 17.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.8% |
| Cap Rate | 3.8% |
| 5-Year IRR | 9.2% |
📈 Home Appreciation
| 1-Year | +2.8% ▲ |
| 3-Year CAGR | +2.6% ▲ |
| 5-Year CAGR | +5.5% ▲ |
| 10-Year CAGR | +8.5% ▲ |
🏠 Rent Trends
| 1-Year | -1.2% ▼ |
| 3-Year CAGR | +2.4% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.8%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 30117
Population: 38,896
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 30117
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 3,478 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Carrollton, GA a good place for real estate investing?
Yes - Carrollton, GA a 3.0/5 investability score. With $286K home prices against $1,386/mo monthly rent, the market delivers a reasonable entry point for new investors.
What is the typical renter like in Carrollton, GA?
Carrollton, GA offers a consistent renter base at the $1,386/mo rent level. Tenant turnover is reasonable for well-managed properties.
What monthly rent should investors expect in Carrollton, GA?
Rental rates in Carrollton, GA average $1,386/mo. Tenant demand and $286K home values make the yield look reasonable by investor standards.
Is Carrollton, GA good for house hacking?
The house hack math a challenging in Carrollton, GA. Owner-occupant buyers benefit from the $1,386/mo rents and $286K home values.
What are vacancy rates like in Carrollton, GA?
Carrollton, GA sees elevated vacancy, which is reasonable relative to the broader GA rental market.
You know 30117 now. You don’t know where it ranks.
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How 30117 ranks in Atlanta-Sandy Springs-Alpharetta, GA
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