Milledgeville, GA

  • Overview
  • Performance
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Key Performance Metrics

Market snapshot

Performance indicators for the Milledgeville short-term rental market based on reliable data.

Listings

30 / 60

Reliable / Active

Cap Rate

11%

Middle-Earners Gross Yield

Revenue

$25,820

Middle-Earners Revenue

Occupancy

49%

Middle-Earners Occupancy

Home Value

$246,901

Median Home Sale Price

Top Earners

$54,650

Top-Earners Revenue

Milledgeville

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Milledgeville.

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B

Generally Investor friendly

Milledgeville Regulations

STRs are allowed with a single $500 certificate, clear step‑by‑step permitting, predictable inspections, online submittals, and a supportive tone, though moderate requirements (notarizations, agent on‑call, monthly taxes and reporting) and the Board’s discretionary revocation power add some burden.

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About Milledgeville

Milledgeville is a small city in central Georgia and the county seat of Baldwin County. With a population of roughly 19,000, it carries the quiet, leafy character of a classic Southern college town while holding an outsized place in state history. Founded in 1803, Milledgeville served as Georgia's capital from 1804 to 1868, and that legacy still shapes the brick storefronts and oak-canopied streets of its downtown. Today it is best known as the home of Georgia College & State University, the state's designated public liberal arts institution, and as a quiet gateway to the lakes, forests, and antebellum landscapes of the central Georgia Piedmont. The city sits about 90 miles southeast of Atlanta, with Macon, the nearest larger city, roughly 30 miles to the southwest.

A short drive just north of town brings visitors to Andalusia, the rural farm where novelist Flannery O'Connor lived and wrote for most of her adult life. Preserved as a National Historic Landmark and open for guided tours, the property offers an intimate look at the author's daily routines, writing habits, and the rolling Piedmont landscape that shaped her distinctive voice in Southern Gothic literature. It serves both as a literary pilgrimage site and as a reflective stop for visitors with no particular background in her work.

Downtown Milledgeville is anchored by the Old Governor's Mansion, a Greek Revival structure completed in 1839 and now operated as a museum by Georgia College. Once home to Georgia's governors during the antebellum and Civil War years, the building is open for tours of restored period rooms, and its surrounding grounds welcome casual strollers. Within walking distance, the historic downtown square features locally owned shops, restaurants, and the slow, walkable streets that give the city its unhurried pace.

A few miles outside the city, Lake Sinclair spreads across roughly 15,000 acres of water along the Oconee River, offering boating, fishing, swimming, and lakeside cabins that draw weekend visitors from across central Georgia. A short drive from both the lake and downtown, Lockerly Arboretum provides about 50 acres of cultivated gardens, walking trails, and a historic home, offering a quieter, greener counterpart to the lake's busier recreation. Together, these outdoor draws give the area year-round appeal beyond the academic and historic core of town.

Milledgeville's combination of small-city walkability, deep historical roots, an active college population, and easy access to lakes and forests makes it a natural fit for short-term rentals. Visitors come for campus events, literary and history tourism, fishing and boating weekends, and the kind of unhurried Southern charm that has grown harder to find near Georgia's larger metro areas. Its location roughly between Atlanta and Savannah also positions it as a convenient overnight stop for travelers exploring the state's interior, giving rental owners a steady mix of leisure and pass-through demand.

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