ZIP Code Market Report
31503 — Waycross, GA
Data through February 2026 · Updated monthly
Avg Home Value
$152,299
▼ 2.0% year-over-year
Month-over-Month
-0.2%
▼ 0.2%
Single Family
$149,319
Condo / Co-op
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The average home value in the 31503 ZIP code (Waycross, Georgia) is $152,299 as of February 2026. Home prices are declining, down 2.0% compared to last year.
A 3-bedroom home in 31503 is valued at $182,505.
The market in 31503 has a $210,079 spread between bottom-tier homes at $58,267 and top-tier homes at $268,346. Bottom-tier properties represent the primary opportunity range for real estate investors using the 70% rule, fix-and-flip, or BRRRR strategies.
Looking ahead, Zillow's forecast model projects home values in the 31503 ZIP code will increase 0.0% over the next 12 months. This modest projected change should be factored into any investment analysis for properties in this area.
This report is part of the Ware County market area in Georgia. For a broader view of the housing market including rent data, market activity, and affordability analysis, see the full Ware County report.
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Market Snapshot
31503 Housing Market at a Glance
Key metrics for the last 3 months with trend direction.
| Metric | Dec 2025 | Jan 2026 | Feb 2026 | 3-Mo Change |
|---|---|---|---|---|
| Avg Home Value | $153,020 | $152,663 | $152,299 | ▼ 0.5% |
| Single Family Value | $146,896 | $148,124 | $149,319 | ▲ 1.6% |
Home Values
31503 Home Value Trend
Historical home values for ZIP code 31503. Switch between All Homes, Single Family, Bottom Tier, and Top Tier.
Source: Zillow Research ZHVI / ZORI · Updated monthly
By Bedroom
What Homes Cost in 31503
Median home values by bedroom count in this ZIP code.
| Bedrooms | Median Value |
|---|---|
| 2 Bedrooms | $64,284 |
| 3 Bedrooms | $182,505 |
| 4 Bedrooms | $255,495 |
Property Types
Home Values by Property Type in 31503
How different property types compare in this ZIP code.
All Homes
$152,299
Single Family
$149,319
Bottom Tier
$58,267
Top Tier
$268,346
Forecast
12-Month Home Value Forecast for 31503
Zillow projects home values in 31503 will increase 0.0% over the next year.
Current Value
$152,299
Projected Change
0.0%
▲ 0.0%
Projected Value
--
Source: Zillow Home Value Forecast (ZHVF). Forecasts are not guarantees.
Data Sources and Methodology
Home value data for ZIP code 31503 comes from the Zillow Home Value Index (ZHVI), updated monthly. ZHVI measures the typical home value using Zillow's automated valuation model, smoothed and seasonally adjusted.
This report was last updated February 2026. Data is refreshed on the 17th of each month.
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