Real Estate Investing in Parrott, Georgia (39877)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 39877 (Parrott, 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: 34.1% of homes vacant — above national norms.
• 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 Parrott, GA (39877)?
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Market Analysis: 39877 Parrott
Stepping back, ZIP 39877 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $150K median. It rewards specialists, not generalists.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 39877 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Nearby ZIPs in Parrott have seen price recovery that 39877 has not matched. Terrell County data supports the view that the spread is structural rather than temporary.
The demographic picture in 39877 includes headwinds that any investor should price in. Income distribution skews lower than Parrott averages, and tenant stability requires active management.
Experienced landlords with local relationships tend to find 39877 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Parrott:
Market Trends
Home Value History (with trend line)
📊 How Does 39877 Compare?
| Metric | 39877 | Parrott | Albany, GA | Georgia |
|---|---|---|---|---|
| Home Value | $149,865 | $149,865 | N/A | $329,538 |
| 5-Year CAGR | 2.9% | 2.9% | N/A | 7.8% |
| Avg Rent | $945 | $945 | N/A | - |
| 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 39877 (Parrott, GA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $149,865 |
| Monthly Rent | $945 |
| Price-to-Rent | 13.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.6% |
| Cap Rate | 4.9% |
| 5-Year IRR | 7.8% |
📈 Home Appreciation
| 1-Year | +0.4% ▲ |
| 3-Year CAGR | +0.5% ▲ |
| 5-Year CAGR | +2.9% ▲ |
| 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 (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 39877
Population: 362
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
Frequently Asked Questions
Do rentals sit vacant long in Parrott, GA?
Rental vacancy in Parrott, GA is elevated. Investors should budget normal turnover but not chronic empty units.
Are renters plentiful in Parrott, GA?
Parrott, GA draws a measured base of working renters. Demand at the $945/mo rent level is reasonable for standard single-family and small multi rentals.
What strategy should investors use in Parrott, GA?
Investors usually favor careful cash-flow rentals with hands-on management in Parrott, GA. With home values at $150K and rents near $945/mo, other strategies can work but produce consistent rather than outsized returns.
Is Parrott, GA a friendly market for rental owners?
For rental operators, Parrott, GA rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
Where do rents currently stand in Parrott, GA?
The typical rental in Parrott, GA commands about $945/mo monthly. That rent profile measured cash flow against the $150K purchase basis.
You know 39877 now. You don’t know where it ranks.
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How 39877 ranks in Albany, GA
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