Property details·Waycross, Ware County, Georgia·037B-01-021
5036 Cate Drive
Waycross, GA 31503
Ware County
037B-01-021
31.276444, -82.443111
| Category | Amount | Year |
|---|---|---|
| Tax value | $355.47 | 2026 |
| Market value | $46,608 | 2024 |
| Assessed value | $18,643 | 2026 |
| Building value | $32,893 | — |
| Land value | $13,715 | — |
Values reflect public tax roll data as of the year shown.
County context
Waycross, the seat of Ware County, sits at the edge of the Okefenokee Swamp in southeast Georgia — a railroad town that once hummed with the activity of the Atlantic Coast Line and later became a regional hub for timber, agriculture, and healthcare. Today, the county's housing data reflects the economic realities of a small Southern city navigating deindustrialization, persistent poverty, and a surprisingly active real estate market that's drawing outside attention.
| Stat | Value | Context |
|---|---|---|
| Median Home Price | $149,000 | Less than half the national median of $320,000 |
| Child Poverty Rate | 34.7% | Nearly 1 in 3 children lives in poverty |
| Rent Burden Rate | 46.9% | Way above the 30% threshold considered sustainable |
| YoY Price Change | +7.1% | Outpacing Georgia's broader market momentum |
At first glance, Ware County looks like a buyer's paradise. A median home price of $149,000 — less than half the national benchmark — and a price-per-square-foot of just $97 would turn heads in Atlanta or Savannah. Homeownership at 61.5% holds reasonably well given the economic context. But the affordability picture fractures quickly when you look at incomes. A median household income of $44,833 against a poverty rate of 22.8% means that for a significant portion of residents, even these modest prices remain out of reach.
Renters are the ones bearing the sharpest burden. Nearly half of renter households spend more than 30% of their income on housing — and almost a quarter are severely rent-burdened, dedicating more than half their paycheck to keeping a roof overhead. In a county where median rent is just $786, that's less a story of high rents and more a story of chronically low wages.
The 7.1% year-over-year price appreciation stands out. With only 211 sales recorded in the past twelve months and a vacancy rate sitting at 19.2%, this isn't a high-volume, high-liquidity market. That kind of price appreciation in a thin market often signals outside investors or retirees drawn by rock-bottom entry prices — a pattern visible across rural Georgia as remote work and cost-of-living pressures push buyers out of coastal metros. The spread between the 10th percentile price ($38,782) and the 90th ($332,200) is enormous, reflecting a bifurcated market of distressed properties and renovated or rural-estate listings catering to entirely different buyers.
The housing stock itself tells a story: a median build year of 1967 means much of the county's inventory is aging and potentially maintenance-intensive, a factor that compounds affordability challenges for lower-income homeowners.
With only 10.3% of residents holding a bachelor's degree — compared to roughly 35% nationally — and nearly 1 in 5 households lacking broadband access, the structural barriers to economic mobility in Ware County are real. A labor force participation rate of just 50% suggests significant numbers of working-age adults are outside the formal economy, whether due to disability (14.5% of the population), caregiving, or discouragement.
What makes Ware County, Georgia unique? Ware County is the gateway to the Okefenokee National Wildlife Refuge, one of the largest intact freshwater ecosystems in North America. This gives the area a distinct identity tied to ecotourism and natural heritage, even as its economy remains anchored in healthcare, retail, and logistics centered on Waycross. The combination of extreme natural beauty and deep economic hardship creates a tension that defines much of rural southeast Georgia.
Is Ware County a good place to invest in real estate? The low entry prices and 7.1% year-over-year appreciation make Ware County attractive to investors on paper, but the high vacancy rate (19.2%), severe rent burden among tenants, and aging housing stock introduce real risks. The thin sales volume means liquidity is limited — this is a long-hold market, not a quick-flip environment.
Why is the child poverty rate in Ware County so high? At 34.7%, child poverty in Ware County reflects compounding structural factors: a local economy still recovering from the decline of railroad and timber industries, low educational attainment limiting wage growth, and limited access to high-paying employment without leaving the region. These are challenges shared across many rural counties in the Deep South, but Ware's numbers rank among the more acute in Georgia.
Waycross has 24,312 properties in our comprehensive database.
Waycross offers affordable housing with an average price of $186,477.
With a price per square foot of just $98, this area offers excellent value for buyers.
Waycross prices closely align with the Ware County average.
| Metric | Waycross | Ware County | vs County |
|---|---|---|---|
| Average Price | $186,477 | $191,509 | -3% |
| Avg Sq Ft | 1,897 | 1,883 | +1% |
| Price/Sq Ft | $98 | $102 | -4% |
| Properties | 24,312 | 28,255 | -14% |
Other parcels within a few hundred meters of this one.
The average home price in Waycross, GA is $186,477, based on analysis of 24,312 properties in our database.
Our database includes 24,312 properties in Waycross, GA, providing comprehensive market coverage.
The average price per square foot in Waycross, GA is $98. This is calculated from an average home price of $186,477 and average size of 1,897 square feet.
Homes in Waycross, GA average 1,897 square feet, with an average price of $186,477.
Waycross, GA is one of many cities in Ware County, GA with property data available. Browse other cities in the county to compare market conditions and pricing.
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