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Macon, GA

Rental Property Investment Guide: Macon, GA

Updated 2026 · Based on median market data for Macon, GA

Cap Rate
5.26%
Median Price
$155K
Rent/Mo
$980
1% Rule
0.63%
Fails

Market Snapshot

Macon sits in the South with a population of 157,300 growing at 0.2% annually. The median home costs $155,000 while rents average $980/mo, producing an estimated cap rate of 5.26%. This is a moderate market that rewards careful deal sourcing.

Who Should Invest Here

Macon works best for experienced investors with a clear strategy — Section 8, student housing, or deep value-add rehabs. The 5.26% cap rate at median prices is tight, so success depends on buying below market, forcing appreciation through renovation, or accessing above-market rent streams through niche tenant bases.

Deal Criteria for Macon

Target properties priced 15-25% below the $155,000 median — around $124,000 or less. At this price point with $980/mo rents, your cap rate improves to roughly 7.0%. Factor in 0.96% property taxes ($1,488/yr), budget 5% of gross rent for maintenance, and underwrite to a 7.5% vacancy rate. On a 20% down conventional loan at 7%, monthly PITI will run approximately $1,049.

Risks and Considerations

The 7.5% vacancy rate is above the national average, so budget conservatively and screen tenants carefully. Every deal should be evaluated individually using our calculator tools. Median data provides a starting point; actual returns depend on the specific property, financing, and your management approach.

Next Steps

Run the numbers on a specific Macon property using our cap rate calculator (pre-filled with Macon data). Compare Macon against similar markets in the South region. If you're considering a value-add approach, try our BRRRR calculator to model a rehab scenario.

Full Macon Analysis →Cap Rate CalculatorBRRRR Calculator

More Macon Guides

Rent AnalysisProperty Tax GuideCost of Living & AffordabilityAppreciation & Growth ForecastNeighborhood Investment Guide

Similar Markets in the South

Fort Smith, AR$155K · $920/mo
5.2%
Tuscaloosa, AL$195K · $1,120/mo
5.2%
Jackson, TN$185K · $1,080/mo
5.2%
Columbus, GA$175K · $1,080/mo
5.2%
Jonesboro, AR$175K · $1,020/mo
5.1%
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