Real Estate Investing in Statenville, Georgia (31648)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 31648 (Statenville, GA)? Our answer, based on the numbers below.
Mixed — values have been flat. OK for long-horizon buyers, less attractive if you may need to sell soon.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 19.3% of homes vacant — above national norms.
- Declining values: -3.8% 5-year CAGR — values have moved lower.
- Lower household income: $39,333 median — tenant affordability is tighter.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Statenville, GA (31648)?
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Market Analysis: 31648 Statenville
The 31648 ZIP sits at an resilient value-add profile — below-median pricing at $87K, a renter base of 28%, and room for operational improvement.
ZIP 31648 favors investors with a contractor on speed dial. In practical terms, the turnkey yield looks ordinary, a renovated unit pulls stronger rent than the unrenovated $1,161/mo average.
Relative to GA, 31648 reads as a working-capital ZIP — prices below average, renter share elevated at 28%, and room for operator-led upside.
Put differently, incomes in 31648 sit below the county median, the tenant pool is deep and the demand for upgraded rental stock consistently outruns supply.
Experienced operators with contractor networks find 31648 a solid fit for. First-time flippers often underestimate scope, budget, and timeline, which is how deals here turn sour.
Here's what matters if you're considering buying a home in Statenville:
Market Trends
Home Value History (with trend line)
📊 How Does 31648 Compare?
| Metric | 31648 | Statenville | Georgia |
|---|---|---|---|
| Home Value | $86,607 | $86,607 | $329,538 |
| 5-Year CAGR | N/A | N/A | 7.8% |
| Avg Rent | $1,161 | $1,161 | - |
| Cap Rate | 10.5% | 10.5% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 31648 (Statenville, GA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $86,607 |
| Monthly Rent | $1,161 |
| Price-to-Rent | 6.2:1 |
| 1% Rule | ✓ Passes |
💰 Return Metrics
| Gross Yield | 16.1% |
| Cap Rate | 10.5% |
| 5-Year IRR | 6.7% |
📈 Home Appreciation
| 1-Year | +6.2% ▲ |
| 3-Year CAGR | -6.0% ▼ |
| 5-Year CAGR | -3.8% ▼ |
| 10-Year CAGR | N/A |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The estimated cap rate (10.5%) exceeds the current 30-yr mortgage rate (6.8%). When borrowing costs less than a property yields, leverage can increase your cash-on-cash return above the cap rate.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 31648
Population: 840
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 31648
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
What strategy should investors use in Statenville, GA?
For Statenville, GA, value-add and BRRRR deals is the standard investor playbook. The market structure makes it a reasonable default approach.
Where do home prices stand in Statenville, GA?
In Statenville, GA the median home value sits at $87K. Against the broader GA market, that reads as reasonable for most investors.
How strong is Statenville, GA for real estate investors?
Yes - Statenville, GA a 4.0/5 investability score. With $87K home prices against $1,161/mo monthly rent, the market delivers a reasonable entry point for new investors.
Is it possible to hit the 1% rule in Statenville, GA?
With rents of $1,161/mo on $87K homes, Statenville, GA close to the 1% rule for most properties. The actual rent-to-price ratio is 1.34%.
What do rentals go for in Statenville, GA?
Expect rents around $1,161/mo per month in Statenville, GA. With home values at $87K, the yield math works out to reasonable levels for rental investors.
You know 31648 now. You don’t know where it ranks.
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