Real Estate Investing in Harrison, Georgia (31035)
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Should you buy in 31035 (Harrison, 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: 23.5% of homes vacant — above national norms.
- Elevated poverty: 24.5% poverty rate — can affect rent collection.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Harrison, GA (31035)?
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Market Analysis: 31035 Harrison
The 31035 ZIP covers a section of Harrison that demands careful diligence. Prices near $151K look accessible, but the work to make a deal cash flow is real.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 31035 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Nearby ZIPs in Harrison have seen price recovery that 31035 has not matched. Washington data supports the view that the spread is structural rather than temporary.
Who lives in 31035 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Strategically, 31035 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Harrison:
Market Trends
Home Value History (with trend line)
📊 How Does 31035 Compare?
| Metric | 31035 | Harrison | Georgia |
|---|---|---|---|
| Home Value | $150,955 | $150,955 | $329,538 |
| 5-Year CAGR | 1.8% | 1.8% | 7.8% |
| Avg Rent | $918 | $918 | - |
| Cap Rate | 4.7% | 4.7% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 31035 (Harrison, GA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $150,955 |
| Monthly Rent | $918 |
| Price-to-Rent | 13.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.3% |
| Cap Rate | 4.7% |
| 5-Year IRR | 6.5% |
📈 Home Appreciation
| 1-Year | +11.9% ▲ |
| 3-Year CAGR | +0.7% ▲ |
| 5-Year CAGR | +1.8% ▲ |
| 10-Year CAGR | N/A |
🏠 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 (4.7%). 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 31035
Population: 1,150
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
🎓 Nearby Colleges & Universities
Investor Insight: With 1,085 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Are rents high in Harrison, GA?
Rents in Harrison, GA run near $918/mo. Compared with median home prices of $151K that produces solid gross yields for typical rentals.
How deep is the rental pool in Harrison, GA?
Expect a solid tenant pool in Harrison, GA. The rental market absorbs $918/mo rents without meaningful friction.
Which real estate strategy fits Harrison, GA?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Harrison, GA. The numbers - $151K homes against $918/mo rents - support that play.
Is GA a landlord-friendly state?
The landlord environment in Harrison, GA is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
What is the rental occupancy rate in Harrison, GA?
Occupancy in Harrison, GA runs even-keeled with elevated vacancy. Well-priced units at $918/mo lease on reasonable timelines.
You know 31035 now. You don’t know where it ranks.
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