Real Estate Investing in Eastman, Georgia (31023)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 31023 (Eastman, GA)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 20.6% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Eastman, GA (31023)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 31023 Eastman
ZIP 31023 inside Dodge County looks affordable on the surface — median value of $158K — but the discount exists for reasons that a careful buyer should understand before committing.
For an experienced owner, 31023 can be a a strong candidate for hunting ground — but the discount at $158K reflects genuine risk that outside investors often underestimate.
ZIP 31023's metrics run below Dodge County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
A solid renter share of 35% in 31023 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Experienced landlords with local relationships tend to find 31023 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Eastman:
Property Strategy for 31023
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $118,327 | $990 | 6.0% | +3.7% | $59,164 |
| 3BR | $182,691 | $1,190 | 4.7% | +7.6% | $60,897 |
| 4BR | $262,652 | $1,310 | 3.6% | +8.3% | $65,663 |
Market Trends
Home Value History (with trend line)
📊 How Does 31023 Compare?
| Metric | 31023 | Eastman | Georgia |
|---|---|---|---|
| Home Value | $157,860 | $157,860 | $329,538 |
| 5-Year CAGR | 3.5% | 3.5% | 7.8% |
| Avg Rent | $891 | $891 | - |
| Cap Rate | 4.4% | 4.4% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 31023 (Eastman, GA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $157,860 |
| Monthly Rent | $891 |
| Price-to-Rent | 14.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.8% |
| Cap Rate | 4.4% |
| 5-Year IRR | 7.9% |
📈 Home Appreciation
| 1-Year | +14.5% ▲ |
| 3-Year CAGR | +2.3% ▲ |
| 5-Year CAGR | +3.5% ▲ |
| 10-Year CAGR | +5.8% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.4%). 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 31023
Population: 14,257
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 31023
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.
Frequently Asked Questions
Should investors worry about vacancy in Eastman, GA?
Vacancy in Eastman, GA is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $891/mo.
What are home prices like in Eastman, GA?
The median home value in Eastman, GA is roughly $158K. That puts it reasonable relative to the GA statewide average.
What monthly rent should investors expect in Eastman, GA?
Average rent in Eastman, GA is approximately $891/mo per month. Against $158K home values that yields a reasonable rent-to-price ratio.
How strict are landlord regulations in Eastman, GA?
Eastman, GA operates under GA law, which is landlord-friendly overall for landlords. Expect predictable treatment in typical lease and eviction cases.
Should investors consider Eastman, GA?
The 3.0/5 investability rating in Eastman, GA reflects its $158K prices and $891/mo rents. Investors generally consider it a solid option within GA.
You know 31023 now. You don’t know where it ranks.
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