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Waycross city, GA

ZIP 31503 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 31503

Median Home Value
$108,100
Median Rent
$633
Affordability Snapshot
$30,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$694/mo PITI).

14%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

2.0x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

14.2 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 31503 in Waycross city, GA, a household would need roughly $30,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $694. That sits below the local median household income ($55,042), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 15% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
67.8%+4% vs US avg
x
Vacancy Rate
15.3%+48% vs US avg
x
Broadband Access
74.3%-15% vs US avg
x
4+ Bedrooms
1.9%-87% vs US avg
x
Built Pre-1939
5.4%-58% vs US avg
x
Built Post-2014
0.5%-92% vs US avg
x
Rent Burden >30%
22.9%-54% vs US avg
x
Mortgage-Free
57.2%+50% vs US avg
x
$108,100
Home Value
$633
Rent
1984
Year Built
2012
Moved In

Residents have lived here since ~2012 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached58.5%
  • 1-unit attached0.5%
  • 2-9 units5.3%
  • 10+ units1.9%
  • Mobile home & other33.8%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$108,100
Median rent$633
Owner-occupied67.8%
Vacant15.3%
Price-to-income2.0x
Est. income to buy$30,000