Waycross, GA—31501
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Waycross, GA
Home Price Trends — Waycross, GA
As of Oct '25, the median home price in Waycross, GA is $134,000, with a year-over-year change of -5.6%. This indicates that home prices in Waycross, GA are decreasing. According to Zillow, the 1-year price projection is 2.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $134,000 | -5.6% |
| Single Family | $134,000 | -5.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $65,000 | -13.3% |
3 Bed | $152,000 | -0.7% |
4 Bed | $226,000 | 0.4% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Waycross, GA
As of July '25, Rentcast reports the average rent in Waycross, GA is $1,180, with a year-over-year rent change of 27.7%. Per bedroom, the median rent as of July '25 in Waycross, GA is 1-bedrooms: $959, 2-bedrooms: $1,120, 3-bedrooms: $1,500. The most common rental property sizes in Waycross, GA are 2-bedroom and 3-bedroom, accounting for 46.5% and 28.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $959 | $1,180 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $959 | $959 |
| 2 Bed Rent | $650 | $1,120 |
| 3 Bed Rent | $1,500 | $1,500 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Waycross, GA
As of Oct '25, Realtor.com reports that the median days on market for a home in Waycross, GA is 69. This is a decrease of -2.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 40.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $195,000 | 5.0% |
Listing Count | 75 | 6.0% |
| Listings as % of Homes | 1.0% | 6.0% |
Days on Market | 69 | -2.0% |
Demographics — Waycross, GA
As of the latest ACS Survey released in 2023, Waycross, GA has a population of 13,000, which has decreased by -12.9% over the past 5 years. Waycross, GA is a popular place for families, as children make up 26.3% of the population. The area has a poorly educated workforce, with 17.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 13,000 | -12.9% |
% Under 18 | 26.3% | 30.2% |
% Seniors | 19.3% | 6.6% |
% WFH | 3.3% | 32.0% |
% w/ College Degree | 17.8% | 21.1% |
As of the latest ACS Survey released in 2023, Waycross, GA is a predominantly white area, with 49.4% of the population identifying as white. The white population has grown by 8.3% in the last 5 years. The second most common race or ethnicity in Waycross, GA is black, making up 45.3% of the population. Foreign-born residents account for 1.5% of the population in Waycross, GA, and this percentage has decreased by 11.8% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 49.4% | 8.3% |
% Black | 45.3% | -9.4% |
% Hispanic | 2.1% | 110.0% |
% Asian | 0.1% | -88.9% |
% Foreign Born | 1.5% | -11.8% |
Mortgage and Risk — Waycross, GA
According to HUD data as of 2023, there were 203 mortgage originations in Waycross, GA, of which 48.0% of loans were conventional mortgages. The average loan-to-value was 75.0%, with 48.0% above 90% LTV (very high). This implies large mortgage risk in Waycross, GA. Investor activity is low, as 4.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 203 |
% Conventional Loans | 48.0% |
% Government Loans | 52.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Waycross, GA
Waycross, GA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 490 |
Total Units Section 8 | 200 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 76.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$239 | $959 | $720 |
| 2 Bedroom | $290 | $650 | $940 |
| 3 Bedroom | -$370 | $1,500 | $1,130 |
| 4 Bedroom | N/A | N/A | $1,460 |
Affordability — Waycross, GA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $134,000 |
| Median Household Income | $37,200 |