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 178 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 178 qualifying markets, highest first
Rank	Market	Estimated cap rate
1	Manchester	7.0%
2	Bonanza	6.4%
3	Rex	6.2%
4	Union City	5.9%
5	Conley	5.7%
6	Centerville	5.7%
7	Moultrie	5.6%
8	Forest Park	5.5%
9	Columbus	5.4%
10	Albany	5.3%
11	Riverdale	5.3%
12	Bainbridge	5.3%
13	Hapeville	5.3%
14	Hinesville	5.2%
15	Ellenwood	5.2%
16	Waycross	5.2%
17	Augusta	5.1%
18	Thomasville	5.1%
19	Fairview	5.1%
20	Macon	5.0%
21	Americus	5.0%
22	Hephzibah	4.9%
23	Locust Grove	4.9%
24	Flemington	4.9%
25	Lithonia	4.8%
26	Rockmart	4.8%
27	Temple	4.8%
28	Jonesboro	4.7%
29	Tifton	4.7%
30	Fort Valley	4.7%
31	Ludowici	4.7%
32	Ray City	4.7%
33	Warner Robins	4.6%
34	Cordele	4.6%
35	Garden City	4.6%
36	Hampton	4.5%
37	East Point	4.5%
38	Guyton	4.5%
39	Adairsville	4.5%
40	Douglasville	4.4%
41	Hiram	4.4%
42	Toccoa	4.4%
43	Perry	4.4%
44	Rossville	4.4%
45	Springfield	4.4%
46	Decatur	4.3%
47	Covington	4.3%
48	Jackson	4.3%
49	Glennville	4.3%
50	Stone Mountain	4.2%
51	Loganville	4.2%
52	Auburn	4.2%
53	Midway	4.2%
54	Valdosta	4.1%
55	Dallas	4.1%
56	Snellville	4.1%
57	Dalton	4.1%
58	Brunswick	4.1%
59	Winder	4.1%
60	Fairburn	4.1%
61	Dublin	4.1%
62	Bonaire	4.1%
63	Port Wentworth	4.1%
64	Hiawassee	4.1%
65	Milledgeville	4.0%
66	Eastman	4.0%
67	Gresham Park	4.0%
68	Calhoun	3.9%
69	Martinez	3.9%
70	Villa Rica	3.9%
71	Rincon	3.9%
72	Harlem	3.9%
73	Stockbridge	3.8%
74	Powder Springs	3.8%
75	Grovetown	3.8%
76	Jesup	3.8%
77	Kingsland	3.8%
78	Hartwell	3.8%
79	Lagrange	3.7%
80	Dacula	3.7%
81	Austell	3.7%
82	Ringgold	3.7%
83	Lithia Springs	3.7%
84	Cleveland	3.7%
85	Byron	3.7%
86	Eatonton	3.7%
87	Chickamauga	3.7%
88	Bloomingdale	3.7%
89	McDonough	3.6%
90	Conyers	3.6%
91	Rome	3.6%
92	Lilburn	3.6%
93	Griffin	3.6%
94	Leesburg	3.6%
95	Bethlehem	3.6%
96	Winston	3.6%
97	Mableton	3.5%
98	Sharpsburg	3.5%
99	Braselton	3.5%
100	Clayton	3.5%
101	Pendergrass	3.5%
102	Hahira	3.5%
103	Savannah	3.4%
104	Cartersville	3.4%
105	Pooler	3.4%
106	Jasper	3.4%
107	Kathleen	3.4%
108	Vidalia	3.4%
109	Cornelia	3.4%
110	Tyrone	3.4%
111	Athens	3.3%
112	Statesboro	3.3%
113	Carrollton	3.3%
114	Richmond Hill	3.3%
115	Clarkston	3.3%
116	College Park	3.3%
117	Fort Oglethorpe	3.3%
118	Atlanta	3.2%
119	Acworth	3.2%
120	Fayetteville	3.2%
121	Thomson	3.2%
122	Oakwood	3.2%
123	Chattahoochee Hills	3.2%
124	Lawrenceville	3.1%
125	Saint Marys	3.1%
126	Social Circle	3.1%
127	Blairsville	3.0%
128	Doraville	3.0%
129	Winterville	3.0%
130	Newnan	2.9%
131	Dawsonville	2.9%
132	Commerce	2.9%
133	Senoia	2.9%
134	Kennesaw	2.8%
135	Monroe	2.8%
136	Hoschton	2.8%
137	Bremen	2.8%
138	Woodstock	2.7%
139	Buford	2.7%
140	Sugar Hill	2.7%
141	Jefferson	2.7%
142	Gainesville	2.6%
143	Norcross	2.6%
144	Evans	2.6%
145	Grayson	2.6%
146	Saint Simons Island	2.6%
147	Madison	2.6%
148	Holly Springs	2.6%
149	Allenhurst	2.6%
150	Flowery Branch	2.5%
151	Avondale Estates	2.5%
152	Tucker	2.4%
153	Chatsworth	2.4%
154	Dahlonega	2.4%
155	Ball Ground	2.4%
156	Midland	2.4%
157	Peachtree City	2.3%
158	Watkinsville	2.3%
159	Chamblee	2.2%
160	Bogart	2.2%
161	Greensboro	2.2%
162	Blue Ridge	2.1%
163	Duluth	2.0%
164	Cumming	1.9%
165	Canton	1.9%
166	Smyrna	1.9%
167	Ellijay	1.9%
168	Vinings	1.9%
169	Marietta	1.8%
170	Johns Creek	1.8%
171	Suwanee	1.5%
172	Alpharetta	1.2%
173	Roswell	0.9%
174	Dunwoody	0.9%
175	Peachtree Corners	0.9%
176	Milton	0.8%
177	Sandy Springs	0.7%
178	Brookhaven	0.7%

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.

178 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 September 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.