Last updated: October 2024
The US state of Georgia, known for its rich history and diverse landscapes, offers excellent opportunities for short-term rental investors. From vibrant cities to charming small towns, these markets provide strong investment potential.
Our latest tool, Chalet Intel, provides comprehensive insights and strategies tailored to investors at all experience levels. It includes a calculator, regulation overview, and much more for each market discussed. Links will be provided for each market, allowing you to conduct a more detailed analysis on your own.
1. Savannah, Georgia
Savannah, GA, boasts historic districts, beautiful parks, and a vibrant arts scene. Highlights include Forsyth Park, River Street, and numerous historic homes and museums.
Savannah has seen a notable increase in home values by 10.50%, with the average price reaching $307,925. With an ADR of $216.00 and an occupancy rate of 67%, the annual revenue is $57,045 from 3,217 active rentals. The gross yield is 15.44%, and the cap rate is 9.26%.
To delve deeper into Savannah’s investment potential, check out Chalet Intel.
2. Atlanta, Georgia
Atlanta, GA, known for its thriving business district and rich cultural heritage, is a top destination for both business and leisure travelers.
Atlanta has seen a moderate increase in home values, with the average price now at $400,000. The market thrives with an ADR of $225.00 and an occupancy rate of 60%, translating to an annual revenue of $50,000 from 3,000 active rentals. The gross yield here is 8.50%, with a cap rate of 5.50%.
Discover more about investing in Atlanta through Chalet Intel.
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3. Augusta, Georgia
Augusta, GA, famous for hosting the Masters Golf Tournament, offers a mix of southern charm and sporting excitement.
Augusta has seen a stable increase in home values, with the average price now at $250,000. The market shows promise with an ADR of $200.00 and an occupancy rate of 60%, generating annual revenues of $44,000 from 2,000 active rentals. The gross yield stands at 7.70%, with a cap rate of 4.50%.
For more insights into Augusta as a rental market, explore Chalet Intel.
4. Athens, Georgia
Athens, GA, home to the University of Georgia, offers a vibrant college town atmosphere with a rich music and arts scene.
Athens has seen a stable increase in home values, with the average price now at $275,000. The market shows promise with an ADR of $180.00 and an occupancy rate of 60%, generating annual revenues of $39,420 from 1,800 active rentals. The gross yield stands at 7.00%, with a cap rate of 4.00%.
To delve deeper into Athens’ investment potential, check out Chalet Intel.
5. Columbus, Georgia
Columbus, GA, known for its vibrant downtown and historical significance, offers a mix of outdoor activities and cultural attractions.
Columbus has seen a modest increase in home values, with the average price now at $225,000. The market shows promise with an ADR of $150.00 and an occupancy rate of 60%, generating annual revenues of $35,640 from 1,200 active rentals. The gross yield stands at 6.90%, with a cap rate of 3.50%.
Discover more about investing in Columbus through Chalet Intel.
6. Macon, Georgia
Macon, GA, known for its rich musical heritage and historical architecture, is a charming destination for visitors seeking a taste of southern culture.
Macon has seen a stable increase in home values, with the average price now at $200,000. The market shows promise with an ADR of $135.00 and an occupancy rate of 60%, generating annual revenues of $32,760 from 1,000 active rentals. The gross yield stands at 6.80%, with a cap rate of 3.40%.
For more comprehensive insights into Macon as a rental market, explore Chalet Intel.
Each of these markets in Georgia offers unique opportunities for short-term rental investors, combining strong financial metrics with appealing tourist attractions. For a comprehensive overview, including detailed analyses, calculators, and regulation insights, make sure to explore our latest tool, Chalet Intel.
