Real Estate Investing in Blakely, Georgia (39823)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 39823 (Blakely, GA)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 15.3% 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 Blakely, GA (39823)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 39823 Blakely
ZIP 39823 in Blakely, GA carries a solid set of headwinds. Home values near $129K and rents of $900/mo sit inside a market where underwriting has to be tight.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 39823 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Within GA, ZIP 39823 trails on several market indicators that neighboring Early County submarkets outperform. The gap is real and healthy enough to shape underwriting.
Who lives in 39823 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Distressed ZIPs reward experience. robust returns are possible in 39823, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Blakely:
Property Strategy for 39823
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $117,895 | $1,000 | 6.1% | +8.2% | $58,947 |
| 3BR | $169,813 | $1,270 | 5.4% | +7.8% | $56,604 |
| 4BR | $248,053 | $1,380 | 4.0% | +7.3% | $62,013 |
Market Trends
Home Value History (with trend line)
📊 How Does 39823 Compare?
| Metric | 39823 | Blakely | Georgia |
|---|---|---|---|
| Home Value | $129,469 | $129,469 | $329,538 |
| 5-Year CAGR | 3.2% | 3.2% | 7.8% |
| Avg Rent | $900 | $900 | - |
| Cap Rate | 5.4% | 5.4% | - |
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 39823 (Blakely, GA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $129,469 |
| Monthly Rent | $900 |
| Price-to-Rent | 12.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.3% |
| Cap Rate | 5.4% |
| 5-Year IRR | 8.6% |
📈 Home Appreciation
| 1-Year | +5.3% ▲ |
| 3-Year CAGR | +0.2% ▲ |
| 5-Year CAGR | +3.2% ▲ |
| 10-Year CAGR | +4.8% ▲ |
🏠 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 (5.4%). 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 39823
Population: 8,635
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 39823
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 price range are homes in Blakely, GA?
Expect median prices around $129K in Blakely, GA. The market has run at a 0.0% 5-year CAGR, so entry costs have been predictable.
Are renters plentiful in Blakely, GA?
The renter base in Blakely, GA is reasonable for the $900/mo price point. Screening well and pricing to market typically yields measured tenants.
How does Blakely, GA stack up for property investment?
Blakely, GA scores 3.0/5 for investability. Home values sit at $129K and rents near $900/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
Can I live-in-and-rent in Blakely, GA?
House hacking in Blakely, GA is reasonable to execute. Prices around $129K and rents of $900/mo solid owner-occupant economics.
What is the smart move for investors in Blakely, GA?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Blakely, GA. The numbers - $129K homes against $900/mo rents - support that play.
You know 39823 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 39823 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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Community Ratings
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