Real Estate Investing in Nashville, Georgia (31639)

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

Berrien County • Population: 10,635 • Data updated: September 2026

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Should you buy in 31639 (Nashville, GA)? Our answer, based on the numbers below.

🏠 For Homebuyers
MIXED
Grade C (60/100)

Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.

📈 For Investors
MIXED
3.0 / 5 (47/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
1 flag
  • High vacancy: 17.8% 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 Nashville, GA (31639)?

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3.0/ 5

Investability

Overall investment appeal

3.0/ 5

Appreciation

Long-term value growth

3.0/ 5

Cashflow ROI

Rental yield potential

Avg Home Value $191,485
Avg Monthly Rent $936
1% Rule ✗ Does Not Meet
Median Income $50,833
% Renters 30.6%

Market Analysis: 31639 Nashville

This part of Berrien County is not an easy win. The 31639 ZIP clocks in at softness in key indicators, and the playbook that works in cleaner markets often stalls here.

On the rental side, the numbers look inviting — $191K purchase price, 0.0% nominal cap — the work to hit that pro forma in 31639 is substantial and deserves full respect.

The gap between 31639 and stronger Nashville ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.

The demographic picture in 31639 includes headwinds that any investor should price in. Income distribution skews lower than Nashville averages, and tenant stability requires active management.

New investors are better served looking at Nashville's stable or hybrid ZIPs before stepping into 31639. The learning curve here is expensive when the lesson is wrong.

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 Nashville:

B Good
Buy Confidence Score: 71/100
Affordability
15/25
Appreciation
22/25
Stability
11/20
Timing
8/15
Rental backup
15/15
Affordability
Moderate
Homes cost 3.8× the median income
Value Trend
Stable (+2.8%)
How home values changed in the past year
Rental Backup
Strong
Could rent for $936/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 31639

Which property type performs best in this market?

Best for Cash Flow
3BR
5.0% cap rate
Best for Appreciation
3BR
+10.7% 5yr CAGR
Best Overall Value
3BR
$66,405/bedroom
📊 Compare All Property Types →
Type Median Value Est. Rent Cap Rate 5yr CAGR $/Bedroom
3BR $199,216 $1,380 5.0% +10.7% $66,405
4BR $304,292 $1,640 3.9% +9.8% $76,073

Market Trends

Home Value History (with trend line)

$204K$180K$156K$131K$107K$83KJun 2006Jul 2016Jul 2026

📊 How Does 31639 Compare?

Metric 31639 Nashville Georgia
Home Value $191,485 $191,485 $329,538
5-Year CAGR 5.3% 5.3% 7.8%
Avg Rent $936 $936 -
Cap Rate 3.8% 3.8% -
💡 Why Invest in 31639? Click to expand

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

📊 See where this ZIP ranks in our Best-of lists →
A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Landlord Ground Truth

Real numbers from people who own or manage rentals in ZIP 31639 (Nashville, GA). Anonymous, moderated, never written by AI.

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Investability
Good
Cap Rate
3.8%
Low
5yr Growth
+5.3%
Moderate

📊 Market Snapshot

Home Value $191,485
Monthly Rent $936
Price-to-Rent 17.1:1
1% Rule ✗ Fails

💰 Return Metrics

Gross Yield 5.9%
Cap Rate 3.8%
5-Year IRR 9.1%

📈 Home Appreciation

1-Year +2.8% ▲
3-Year CAGR +3.5% ▲
5-Year CAGR +5.3% ▲
10-Year CAGR +6.2% ▲

🏠 Rent Trends

1-Year N/A
3-Year CAGR N/A
5-Year CAGR N/A
Negative Leverage — IRR / Tax Play Cap Rate: 3.8%  |  30yr Rate: 6.8%
Leverage reduces cash returns at current rates.

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.

Vacancy
17.8%
Elevated risk
Landlord Climate
5.0/5
Friendly
Value Trend (5yr)
+5.3%
Stable
Eviction process: Fast Rent control: Favorable

Demographics in 31639

Population: 10,635

💰 Median Household Income
$50,833
This area
$50,833
State
$64,001
USA
$74,580
🏠 Renter Occupied
30.6%
This area
30.6%
State
29.9%
USA
34.0%
💼 Unemployment Rate
3.0%
This area
3.0%
State
-18.6%
USA
3.7%
🎓 College Educated
15.3%
This area
15.3%
State
-3.0%
USA
33.7%
👤 Median Age
40.0 years
This area
40.0 years
State
10.1 years
USA
38.9 years
🏚️ Vacancy Rate
17.8%
This area
17.8%
State
15.5%
USA
10.5%
👥 Population by Ethnicity
White 78.5%
Black/African American 12.7%
Other/Mixed 6.9%
Hispanic/Latino 3.8%
Asian 1.9%
👶 Under 18
22.1%
This area
22.1%
USA
22.0%
👴 65 and Over
20.2%
This area
20.2%
USA
17.3%
📊 Poverty Rate
15.4%
This area
15.4%
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 31639

B Avg School Grade
5 Schools
21.7:1 Avg Class Size
$13,967 Avg Per Pupil

Schools in This ZIP Code

B+ Above Average

Berrien Middle School

📚 06 – 08 Middle
👥
691 Students
👨‍🏫
13.8:1 Class Size
💰
$13,967 Per Student
B+ Above Average

Berrien Primary School

📚 Pre-K – 02 Elementary
👥
815 Students
👨‍🏫
14.9:1 Class Size
💰
$13,967 Per Student
B Good

Berrien Elementary School

📚 03 – 05 Elementary
👥
667 Students
👨‍🏫
15.6:1 Class Size
💰
$13,967 Per Student
B Good

Berrien High School

📚 09 – 12 High School
👥
856 Students
👨‍🏫
15.0:1 Class Size
💰
$13,967 Per Student
D Needs Improvement

Berrien Academy Performance Learning Center

📚 09 – 12 High School Charter
👥
69 Students
👨‍🏫
49.3:1 Class Size
💰
$13,967 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

What is the typical vacancy rate in Nashville, GA?

Occupancy in Nashville, GA runs even-keeled with elevated vacancy. Well-priced units at $936/mo lease on reasonable timelines.

Are renters plentiful in Nashville, GA?

Working renters make up the core of the Nashville, GA tenant base. The pool is reasonable for investors targeting long-term holds.

What do landlords charge for rent in Nashville, GA?

Expect rents around $936/mo per month in Nashville, GA. With home values at $191K, the yield math works out to reasonable levels for rental investors.

Is house hacking profitable in Nashville, GA?

House hacking works a challenging in Nashville, GA. Rents of $936/mo against $191K acquisition make the strategy solid for owner-occupants.

What strategy should investors use in Nashville, GA?

Investors usually favor careful cash-flow rentals with hands-on management in Nashville, GA. With home values at $191K and rents near $936/mo, other strategies can work but produce stable rather than outsized returns.

You know 31639 now. You don’t know where it ranks.

This page stays free — all of it. What one page can’t tell you is how 31639 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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