Real Estate Investing in Vienna, Georgia (31092)

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

Dooly County • Population: 4,899 • Data updated: September 2026

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Should you buy in 31092 (Vienna, GA)? Our answer, based on the numbers below.

🏠 For Homebuyers
GOOD FIT
Grade B (72/100)

Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.

📈 For Investors
MIXED
3.0 / 5 (52/100)

A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.

⚠️ Risks to Know
2 flags
  • High vacancy: 23.8% of homes vacant — above national norms.
  • Elevated poverty: 25.6% 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 Vienna, GA (31092)?

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3.0/ 5

Investability

Overall investment appeal

2.0/ 5

Appreciation

Long-term value growth

4.0/ 5

Cashflow ROI

Rental yield potential

Avg Home Value $142,048
Avg Monthly Rent $927
1% Rule ✗ Does Not Meet
Median Income $52,665
% Renters 38.6%

Market Analysis: 31092 Vienna

ZIP 31092 inside Dooly County looks affordable on the surface — median value of $142K — but the discount exists for reasons that a careful buyer should understand before committing.

For an experienced owner, 31092 can be a a solid fit for hunting ground — but the discount at $142K reflects genuine risk that outside investors often underestimate.

ZIP 31092's metrics run below Dooly County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.

Resident income in 31092 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.

Experienced landlords with local relationships tend to find 31092 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.

Explore the Data — Click a Tab Below
🏦 Current 30-yr Fixed Mortgage Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS

Here's what matters if you're considering buying a home in Vienna:

C+ Average
Buy Confidence Score: 68/100
Affordability
20/25
Appreciation
18/25
Stability
7/20
Timing
8/15
Rental backup
15/15
Affordability
Affordable
Homes cost 2.7× the median income
Value Trend
Rising (+8.8%)
How home values changed in the past year
Rental Backup
Strong
Could rent for $927/mo if you need to move
Market Conditions
BALANCED
Even conditions for buyers and sellers
Bottom Line: Mixed signals in this market. Research specific properties carefully and be prepared to negotiate.
🏠

Property Strategy for 31092

Which property type performs best in this market?

Best for Cash Flow
2BR
6.7% cap rate
Best for Appreciation
2BR
+9.6% 5yr CAGR
Best Overall Value
2BR
$55,110/bedroom
📊 Compare All Property Types →
Type Median Value Est. Rent Cap Rate 5yr CAGR $/Bedroom
2BR $110,221 $1,030 6.7% +9.6% $55,110
3BR $179,292 $1,350 5.4% +8.8% $59,764

Market Trends

Home Value History (with trend line)

$148K$132K$116K$99K$83K$67KJul 2006Jul 2016Jul 2026

📊 How Does 31092 Compare?

Metric 31092 Vienna Georgia
Home Value $142,048 $142,048 $329,538
5-Year CAGR 4.2% 4.2% 7.8%
Avg Rent $927 $927 -
Cap Rate 5.1% 5.1% -
💡 Why Invest in 31092? Click to expand

With a 3/5 investability rating, this ZIP shows solid fundamentals for buy-and-hold investors.

A healthy rental market with 39% renter-occupied households ensures tenant availability.

📊 See where this ZIP ranks in our Best-of lists →
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Landlord Ground Truth

Real numbers from people who own or manage rentals in ZIP 31092 (Vienna, GA). Anonymous, moderated, never written by AI.

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Investability
Good
Cap Rate
5.1%
Fair
5yr Growth
+4.2%
Moderate

📊 Market Snapshot

Home Value $142,048
Monthly Rent $927
Price-to-Rent 12.8:1
1% Rule ✗ Fails

💰 Return Metrics

Gross Yield 7.8%
Cap Rate 5.1%
5-Year IRR 9.3%

📈 Home Appreciation

1-Year +8.8% ▲
3-Year CAGR +2.7% ▲
5-Year CAGR +4.2% ▲
10-Year CAGR +5.0% ▲

🏠 Rent Trends

1-Year N/A
3-Year CAGR N/A
5-Year CAGR N/A
Negative Leverage — IRR / Tax Play Cap Rate: 5.1%  |  30yr Rate: 6.8%
Leverage reduces cash returns at current rates.

The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (5.1%). 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.

Vacancy
23.8%
Elevated risk
Landlord Climate
5.0/5
Friendly
Value Trend (5yr)
+4.2%
Stable
Eviction process: Fast Rent control: Favorable

Demographics in 31092

Population: 4,899

💰 Median Household Income
$52,665
This area
$52,665
State
$64,001
USA
$74,580
🏠 Renter Occupied
38.6%
This area
38.6%
State
29.9%
USA
34.0%
💼 Unemployment Rate
5.0%
This area
5.0%
State
-18.6%
USA
3.7%
🎓 College Educated
16.9%
This area
16.9%
State
-3.0%
USA
33.7%
👤 Median Age
41.4 years
This area
41.4 years
State
10.1 years
USA
38.9 years
🏚️ Vacancy Rate
23.8%
This area
23.8%
State
15.5%
USA
10.5%
👥 Population by Ethnicity
Black/African American 55.2%
White 39.6%
Other/Mixed 5.3%
Hispanic/Latino 5.1%
👶 Under 18
22.6%
This area
22.6%
USA
22.0%
👴 65 and Over
24.7%
This area
24.7%
USA
17.3%
📊 Poverty Rate
25.6%
This area
25.6%
USA
11.5%

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 31092

A Avg School Grade
2 Schools
14.4:1 Avg Class Size
$17,798 Avg Per Pupil

Schools in This ZIP Code

A+ Excellent

Dooly County High School

📚 09 – 12 High School
👥
347 Students
👨‍🏫
13.9:1 Class Size
💰
$17,798 Per Student
B+ Above Average

Dooly County Prep Academy

📚 05 – 12 High School
👥
6 Students
👨‍🏫
15.0:1 Class Size
💰
$17,798 Per Student
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

Is housing expensive in Vienna, GA?

Typical homes in Vienna, GA go for around $142K. The 5-year CAGR of 0.0% reliable price movement.

How qualified is the tenant pool in Vienna, GA?

Vienna, GA draws a predictable base of working renters. Demand at the $927/mo rent level is reasonable for standard single-family and small multi rentals.

What type of investing works in Vienna, GA?

In Vienna, GA the significant play is typically careful cash-flow rentals with hands-on management. The combination of $142K prices and $927/mo rents suits that approach.

Does house hacking make sense in Vienna, GA?

The a challenging house-hack environment in Vienna, GA reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.

How much rent can I charge in Vienna, GA?

Rental rates in Vienna, GA average $927/mo. Tenant demand and $142K home values make the yield look reasonable by investor standards.

You know 31092 now. You don’t know where it ranks.

This page stays free — all of it. What one page can’t tell you is how 31092 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.

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