Georgia rankings

Best Cash-Flow Cities in Georgia

Ranked by the estimated unlevered capitalization rate (cap rate) at each market’s typical home value and typical rent. A higher cap rate means more income relative to price — a starting point for buy-and-hold rentals, not a verdict on any single property.

Top 50

The complete ranking

All 169 qualifying Georgia markets, highest first. A market near the bottom isn't a bad market — it's just the other end of this one number.

Best Cash-Flow Cities in Georgia — all 169 qualifying markets, highest first
Rank	Market	Estimated cap rate
1	Bonanza	6.3%
2	Rex	6.1%
3	Conley	5.9%
4	Centerville	5.7%
5	Albany	5.6%
6	Union City	5.6%
7	Columbus	5.4%
8	Ellenwood	5.3%
9	Waycross	5.3%
10	Thomasville	5.3%
11	Augusta	5.2%
12	Riverdale	5.2%
13	Forest Park	5.2%
14	Eatonton	5.2%
15	Fort Valley	5.2%
16	Ludowici	5.2%
17	Macon	5.1%
18	Hinesville	5.1%
19	Rockmart	5.1%
20	Locust Grove	4.9%
21	Flemington	4.9%
22	Hephzibah	4.8%
23	Hapeville	4.8%
24	Warner Robins	4.7%
25	East Point	4.7%
26	Guyton	4.7%
27	Clayton	4.7%
28	Ray City	4.7%
29	Lithonia	4.6%
30	Tifton	4.6%
31	Cordele	4.6%
32	Garden City	4.6%
33	Jonesboro	4.5%
34	Rossville	4.5%
35	Temple	4.5%
36	Auburn	4.5%
37	Dalton	4.4%
38	Fairburn	4.4%
39	Toccoa	4.4%
40	Gresham Park	4.4%
41	Hahira	4.4%
42	Valdosta	4.3%
43	Hampton	4.3%
44	Hiram	4.3%
45	Jackson	4.3%
46	Port Wentworth	4.3%
47	Springfield	4.3%
48	Decatur	4.2%
49	Douglasville	4.2%
50	Covington	4.2%
51	Jesup	4.2%
52	Perry	4.2%
53	Midway	4.2%
54	Brunswick	4.1%
55	Austell	4.1%
56	Calhoun	4.1%
57	Rincon	4.1%
58	Snellville	4.0%
59	Winder	4.0%
60	Martinez	4.0%
61	Villa Rica	4.0%
62	Bonaire	4.0%
63	Hiawassee	4.0%
64	Stone Mountain	3.9%
65	Dallas	3.9%
66	Byron	3.9%
67	Adairsville	3.9%
68	Harlem	3.9%
69	Loganville	3.8%
70	Lagrange	3.8%
71	Grovetown	3.8%
72	Jasper	3.8%
73	Conyers	3.7%
74	Rome	3.7%
75	Powder Springs	3.7%
76	Dacula	3.7%
77	Dublin	3.7%
78	Kingsland	3.7%
79	Sharpsburg	3.7%
80	Kathleen	3.7%
81	Glennville	3.7%
82	Savannah	3.6%
83	Lilburn	3.6%
84	Stockbridge	3.6%
85	Mableton	3.6%
86	Leesburg	3.6%
87	Lithia Springs	3.6%
88	Cleveland	3.6%
89	Chickamauga	3.6%
90	College Park	3.6%
91	Bethlehem	3.6%
92	McDonough	3.5%
93	Griffin	3.5%
94	Braselton	3.5%
95	Winston	3.5%
96	Richmond Hill	3.4%
97	Pendergrass	3.4%
98	Fayetteville	3.3%
99	Cartersville	3.3%
100	Ringgold	3.3%
101	Clarkston	3.3%
102	Saint Marys	3.3%
103	Tyrone	3.3%
104	Acworth	3.2%
105	Statesboro	3.2%
106	Bloomingdale	3.2%
107	Atlanta	3.1%
108	Carrollton	3.1%
109	Milledgeville	3.1%
110	Pooler	3.1%
111	Thomson	3.1%
112	Vidalia	3.1%
113	Doraville	3.1%
114	Oakwood	3.1%
115	Chattahoochee Hills	3.1%
116	Lawrenceville	3.0%
117	Social Circle	3.0%
118	Newnan	2.9%
119	Dawsonville	2.9%
120	Dahlonega	2.9%
121	Blairsville	2.9%
122	Athens	2.8%
123	Ellijay	2.8%
124	Senoia	2.8%
125	Fort Oglethorpe	2.8%
126	Allenhurst	2.8%
127	Woodstock	2.7%
128	Buford	2.7%
129	Grayson	2.7%
130	Hoschton	2.7%
131	Commerce	2.7%
132	Cornelia	2.7%
133	Holly Springs	2.7%
134	Winterville	2.7%
135	Evans	2.6%
136	Monroe	2.6%
137	Kennesaw	2.5%
138	Sugar Hill	2.5%
139	Saint Simons Island	2.5%
140	Bremen	2.5%
141	Madison	2.5%
142	Gainesville	2.4%
143	Norcross	2.4%
144	Tucker	2.4%
145	Greensboro	2.4%
146	Avondale Estates	2.4%
147	Peachtree City	2.3%
148	Flowery Branch	2.3%
149	Ball Ground	2.3%
150	Canton	2.2%
151	Jefferson	2.2%
152	Watkinsville	2.2%
153	Bogart	2.2%
154	Chamblee	2.1%
155	Cumming	2.0%
156	Duluth	1.9%
157	Johns Creek	1.9%
158	Blue Ridge	1.9%
159	Smyrna	1.8%
160	Vinings	1.8%
161	Marietta	1.7%
162	Suwanee	1.3%
163	Alpharetta	1.2%
164	Peachtree Corners	1.0%
165	Roswell	0.9%
166	Dunwoody	0.9%
167	Sandy Springs	0.7%
168	Brookhaven	0.7%
169	Milton	0.5%

How this ranking is built

Cap rate is annual Net Operating Income (NOI) divided by the typical home value, with no mortgage in the math. NOI starts from the typical rent, takes out an 8% vacancy allowance, then subtracts operating costs: management at 10% of rent, maintenance at 5% of rent, insurance at $3.50 per $1,000 of value a year, and property tax at 1.2% of value a year. Those assumptions are the same in every market, so this ranks markets against each other — it does not underwrite a specific house.

169 of 268 published Georgia markets qualify. A market needs at least 5 of the 8 market figures we track, plus a published typical home value and a published typical rent. Markets without those figures are left out rather than estimated.

Figures are for July 2026, and refresh monthly. These are market-level estimates — confirm any specific deal with a full Comparative Market Analysis (CMA).

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Market figures are estimates of typical conditions, updated monthly, from Zillow Research public data. Coverage varies by market — a market with no published figure for this ranking is left out rather than estimated.