Real Estate Investing in Alapaha, Georgia (31622)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 31622 (Alapaha, GA)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- High vacancy: 19.0% of homes vacant — above national norms.
- Elevated poverty: 23.7% 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 Alapaha, GA (31622)?
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Market Analysis: 31622 Alapaha
This part of Berrien County is not an easy win. The 31622 ZIP comes in at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Distressed markets are won on execution, not on spreadsheets. ZIP 31622 registers the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Statewide comparisons place 31622 among GA's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Who lives in 31622 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
The right play in 31622 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Alapaha:
Market Trends
Home Value History (with trend line)
📊 How Does 31622 Compare?
| Metric | 31622 | Alapaha | Georgia |
|---|---|---|---|
| Home Value | $186,096 | $186,096 | $329,538 |
| 5-Year CAGR | N/A | N/A | 7.8% |
| Avg Rent | $882 | $882 | - |
| Cap Rate | 3.7% | 3.7% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 31622 (Alapaha, GA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $186,096 |
| Monthly Rent | $882 |
| Price-to-Rent | 17.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.7% |
| Cap Rate | 3.7% |
| 5-Year IRR | 4.6% |
📈 Home Appreciation
| 1-Year | +0.9% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
| 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 (3.7%). 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 31622
Population: 1,847
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
Frequently Asked Questions
How much does a house cost in Alapaha, GA?
Homes in Alapaha, GA typically sell near $186K. Prices have moved at a 0.0% 5-year CAGR, which consistent long-term demand.
Is the tenant base reliable in Alapaha, GA?
Tenant demand in Alapaha, GA is solid. The local workforce $882/mo rents across most rental classes.
What real estate strategy is ideal for Alapaha, GA?
For Alapaha, GA, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
Is Alapaha, GA a good place for real estate investing?
Alapaha, GA registers an investability rating of 2.0/5, with median home values near $186K and average rents around $882/mo. That combination puts it in the robust tier for investor interest.
Is GA a landlord-friendly state?
The landlord environment in Alapaha, GA is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
You know 31622 now. You don’t know where it ranks.
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