31023 ZIP Code Real Estate Market Data — Eastman, Georgia
A live read on the 31023 ZIP code for flip, ground-up, and rental investors: home values, rents, days on market, price cuts, and an estimated return — with a calculator prefilled to local numbers.
Market data as of April 2026.
What the numbers say in 31023
The typical home in 31023 is worth $152,780, up 7.7% over the past year. About 17.0% of listings take a price cut.
Fix-and-flip conditions in 31023
Flips live and die on resale speed and price softness. In 31023, about 17.0% of listings take a price cut. Start from a defensible After-Repair Value (ARV), then work backward to your Maximum Allowable Offer (MAO).
New-construction economics in 31023
Ground-up works when the finished home sells for meaningfully more than land plus build. 31023's typical home value of $152,780 anchors the resale you're building toward. Add land, construction cost per square foot, soft costs, and holding costs to see if the spread clears your margin.
Rental returns in 31023
At 31023's median value and rent, the unlevered capitalization rate (cap rate) is about not estimable yet. Cap rate ignores financing; the calculator below starts from 31023's medians so you can adjust to a real deal.
The deal
Purchase price and the monthly rent the property would command in today's market.
Operating costs
Annual property tax rate, monthly insurance, and the operating reserves you set against rent.
Enter a purchase price and monthly rent to see your cap rate.
Monthly operating-expense breakdown
Every operating cost that flows into Net Operating Income (NOI). Mortgage principal and interest are deliberately excluded — cap rate is unlevered.
This is an estimate from the numbers you entered. A real cap rate is anchored by current leased comparables, the actual assessed property tax, and a quoted insurance premium — not typed assumptions. Always confirm with a full Comparative Market Analysis (CMA) before making an offer.
Skip the manual rent comp hunt
Fundry pulls leased comparables and assessed tax for any Georgia address and runs Net Operating Income, cap rate, and Cash-on-Cash return for you — flip, ground-up, or rental. Free.
Run a real CMA freeHow to read these 31023 numbers
- Typical home value is the value of a mid-tier home — a steadier signal than a single month's sales.
- Days to pending is how fast homes go under contract. Fewer days favors sellers; more days gives a flipper room to negotiate.
- Listings with a price cut flags softening — more cuts can mean more motivated sellers.
- Capitalization rate (cap rate) is annual Net Operating Income (NOI) divided by price — an unlevered yardstick for rentals. A full Comparative Market Analysis (CMA) refines it with real comparable rents.
31023 real estate FAQ
What is the typical home value in 31023?+
The typical home in 31023 is worth about $152,780, up 7.7% over the past year. This reflects mid-tier homes and updates monthly.
Is 31023 a good place to invest in real estate?+
It depends on your strategy. 31023's value, rent, days on market, and price-cut data above show the conditions for flip, ground-up, and rental approaches. Use the free calculators to underwrite a specific deal before deciding — the numbers here are a starting point, not a verdict.
Figures are estimates of typical market conditions and update monthly. For official U.S. home-price data, see the Federal Housing Finance Agency House Price Index.
Run the numbers on a real 31023 address
Search any 31023 address. Fundry pulls matched comparable sales and builds the full deal — flip, ground-up, or rental. Free.
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