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Market MapGeorgiaCarroll

Carroll County

GeorgiaPopulation: 120,060
59
/100
Hold
#360 of 1,000 counties
#47 in Georgia (159 counties)
Analysis by RentalCalcs Research·Independent data + algorithm-driven scoring
Updated May 11, 2026Sources: Zillow ZHVI, Zillow ZORI, US Census ACS, Tax Foundation

Market Snapshot

$288,080
Median Home Price
23% above national median
$1,690/mo
Median Rent
12% above national median
7.04%
Rent-to-Price Ratio
Top 23% nationally
-$412
Est. Monthly Cash Flow
With 20% down at 6.9% rate

Scenario comparison

Same $1,690/mo rent assumption, 20% down, 6.85% rate. What changes is the acquisition price.
ScenarioPurchase priceMonthly cash flowCap rateCash-on-cash
75% of median
value-add or distressed
$216,060-$34/mo6.1%-0.8%
Median
typical MLS deal
$288,080-$412/mo4.6%-7.5%
125% of median
newer / premium
$360,100-$789/mo3.7%-11.4%

Price History

Historical data from Zillow ZHVI/ZORI

Quick Investment Calculator

20%
5%50%100%

Purchase

Purchase Price$288,080
Down Payment (20%)$57,616
Loan Amount$230,464
Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$1,690
Monthly P&I-$1,510
Est. Expenses (35%)-$591
Net Cash Flow-$412/mo
4.6%
Cap Rate (all cash)
-7.5%
Cash-on-Cash Return
7.04%
Rent-to-Price Ratio
Negative leverage: At 6.85% rates, borrowing costs exceed the 4.6% cap rate. All-cash buyers may see better returns.

* Based on county median values. 35% expenses include taxes, insurance, maintenance, vacancy, and property management. Actual results vary by property.

Run Full AnalysisTry House Hack Strategy

Score Breakdown

Overall Investment Score
59/100
59
Cash Flow(30%)
70/100

Based on 7.04% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)
47/100

Based on -0.5% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)
50/100

Population data not available.

Affordability(20%)
65/100

Price-to-income ratio of 4.3x. Lower ratios indicate more affordable markets.

Scores are calculated using real Zillow home value and rent data, Census population data, and economic indicators. The weighted average produces the overall investment score. Markets with missing rent data use estimated values based on regional averages.

Investment Outlook

Strengths

  • +Above-average rent-to-price ratio (7.04%)
  • +Complete rent data available

Challenges

  • -Declining home values (-0.5% YoY)
  • -Negative cash flow at typical financing (-$412/mo)
  • -Negative leverage (cap rate 4.6% < mortgage rate 6.9%)

Economic Indicators

Population
120,060
Median Income
$66,895
vs $57,059 national est.
Unemployment Rate
—
Data pending
Price-to-Income
4.3x
Moderately affordable

Who this market fits

Best for
  • +All-cash buyers: removing debt service flips the cap rate to actual yield
  • +Value-add operators who can buy below median and force rent up
Skip if
  • −You need positive cash flow on day one at typical leverage
  • −You can't tolerate negative leverage (cap rate below mortgage rate today)
  • −You expect appreciation to carry the deal, but prices have declined year over year

Compare to Nearby Counties

CountyVerdict
DoughertyGA
60$121,479$8938.82%BuyView
BarrowGA
60$346,964$2,0407.06%BuyView
CurrentCarrollGA
59$288,080$1,6907.04%Hold
JacksonGA
59$399,130$2,1636.50%HoldView
BullochGA
59$281,362$1,5416.57%HoldView
WorthGA
58$167,497Est. pending—HoldView

The Bottom Line

HoldCarroll is a neutral market. Consider house hacking or targeting below-market deals.

Carroll County in Georgia scores 59/100, ranking #360 of 1,000 US counties (top 48%). At 20% down and current rates, a median-priced rental loses about $412/month; the 7.04% gross rent-to-price ratio doesn't survive debt service. The thesis here is appreciation, value-add, house hacking, or all-cash.

Monthly Cash Flow
$-412/mo
Cap Rate
4.6%
Cash-on-Cash
-7.5%

Related markets

Markets like Carroll with stronger cash flow

  • Dougherty County for cash-flow rentals
  • Barrow County for cash-flow rentals
  • Bulloch County for cash-flow rentals

Cheaper alternatives to Carroll

  • Dougherty County, lower entry price
  • Worth County, lower entry price
  • Bulloch County, lower entry price

Head-to-head comparisons

  • Carroll vs Jackson for rentals
  • Carroll vs Bulloch for rentals
  • Carroll vs Worth for rentals
All counties in Georgia →

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