Real Estate Investing in Ellerslie, Georgia (31807)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 31807 (Ellerslie, GA)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High price-to-rent: Price-to-rent ratio 29.3 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Ellerslie, GA (31807)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 31807 Ellerslie
Not every below-median market is a bargain. Ellerslie's 31807 ZIP reflects signals that favor experienced operators who can absorb the risk $370K pricing implies.
Rent of $1,053/mo on a $370K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 31807 sits below the stated 0.0% once reality is priced in.
Nearby ZIPs in Ellerslie have seen price recovery that 31807 has not matched. Harris County data supports the view that the spread is structural rather than temporary.
Employment concentration in 31807 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The 31807 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Ellerslie:
Property Strategy for 31807
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $298,854 | $1,560 | 3.8% | +7.5% | $99,618 |
| 4BR | $380,124 | $1,840 | 3.5% | +6.7% | $95,031 |
Market Trends
Home Value History (with trend line)
📊 How Does 31807 Compare?
| Metric | 31807 | Ellerslie | Columbus, GA-AL | Georgia |
|---|---|---|---|---|
| Home Value | $369,874 | $369,874 | N/A | $329,538 |
| 5-Year CAGR | 5.3% | 5.3% | N/A | 7.8% |
| Avg Rent | $1,053 | $1,053 | N/A | - |
| Cap Rate | 2.2% | 2.2% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 31807 (Ellerslie, GA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $369,874 |
| Monthly Rent | $1,053 |
| Price-to-Rent | 29.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.4% |
| Cap Rate | 2.2% |
| 5-Year IRR | 7.5% |
📈 Home Appreciation
| 1-Year | +3.6% ▲ |
| 3-Year CAGR | +3.2% ▲ |
| 5-Year CAGR | +5.3% ▲ |
| 10-Year CAGR | +5.8% ▲ |
🏠 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 (2.2%). 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 31807
Population: 2,596
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 31807
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.
🎓 Nearby Colleges & Universities
Investor Insight: With 2,247 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Are landlord laws favorable in Ellerslie, GA?
Ellerslie, GA operates under GA law, which is landlord-friendly overall for landlords. Expect measured treatment in typical lease and eviction cases.
How does Ellerslie, GA rate as a rental market?
Ellerslie, GA scores 3.0/5 for investability. Home values sit at $370K and rents near $1,053/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
How expensive is real estate in Ellerslie, GA?
The median home value in Ellerslie, GA is roughly $370K. That puts it reasonable relative to the GA statewide average.
Are rents high in Ellerslie, GA?
Ellerslie, GA rentals go for roughly $1,053/mo a month. That puts gross yield in solid territory relative to $370K acquisition costs.
How strong is the working-renter base in Ellerslie, GA?
Tenant demand in Ellerslie, GA is solid. The local workforce $1,053/mo rents across most rental classes.
You know 31807 now. You don’t know where it ranks.
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How 31807 ranks in Columbus, GA-AL
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