Real Estate Investing in Pelham, Georgia (31779)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 31779 (Pelham, GA)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 13.3% of homes vacant — above national norms.
- Elevated poverty: 28.6% poverty rate — can affect rent collection.
- Lower household income: $38,571 median — tenant affordability is tighter.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Pelham, GA (31779)?
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Market Analysis: 31779 Pelham
ZIP 31779 in Pelham, GA carries a substantial set of headwinds. Home values near $148K and rents of $936/mo sit inside a market where underwriting has to be tight.
The 31779 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Nearby ZIPs in Pelham have seen price recovery that 31779 has not matched. Mitchell County data supports the view that the spread is structural rather than temporary.
A solid renter share of 36% in 31779 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Strategically, 31779 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 Pelham:
Market Trends
Home Value History (with trend line)
📊 How Does 31779 Compare?
| Metric | 31779 | Pelham | Georgia |
|---|---|---|---|
| Home Value | $148,439 | $148,439 | $329,538 |
| 5-Year CAGR | 6.9% | 6.9% | 7.8% |
| Avg Rent | $936 | $936 | - |
| Cap Rate | 4.9% | 4.9% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 31779 (Pelham, GA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $148,439 |
| Monthly Rent | $936 |
| Price-to-Rent | 13.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.6% |
| Cap Rate | 4.9% |
| 5-Year IRR | 11.8% |
📈 Home Appreciation
| 1-Year | +10.5% ▲ |
| 3-Year CAGR | +5.7% ▲ |
| 5-Year CAGR | +6.9% ▲ |
| 10-Year CAGR | +6.5% ▲ |
🏠 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 (4.9%). 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 31779
Population: 8,877
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 31779
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
Is the tenant base reliable in Pelham, GA?
Tenant quality in Pelham, GA ranks as solid. Landlords generally report predictable occupancy at market rents of $936/mo.
Does Pelham, GA make sense for an investment property?
Pelham, GA shows an investability rating of 3.0/5, with median home values near $148K and average rents around $936/mo. That combination puts it in the sturdy tier for investor interest.
What is the typical home price in Pelham, GA?
Median home price in Pelham, GA is near $148K, with a 5-year CAGR of 0.0%. Prices have been measured and supportive of buy-and-hold strategies.
Is Pelham, GA a friendly market for rental owners?
Rental owners in Pelham, GA deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
How viable is house hacking in Pelham, GA?
Pelham, GA offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $936/mo rent level.
You know 31779 now. You don’t know where it ranks.
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