Haralson County’s tension is a stated 6.42% gross yield alongside growing visible listing supply, warranting unit-level investigation rather than a countywide inference. Zillow’s county measure puts median home value at $277,551 and median asking rent at $1,485 monthly. The yield uses market rent before taxes, insurance, vacancy, repairs, financing, or capital spending; buyers dependent on omitted costs or a quick resale should be cautious.
HUD’s two-bedroom FMR of $1,107 is a payment standard, not an asking-rent estimate, and cannot replace market rent in the yield. The supplied rent-to-FMR calculation puts market rent 34.1% above it. The published effective property-tax rate is a carrying-cost input that requires parcel-assessment verification. FHFA’s repeat-transaction HPI rose in 2025, while Zillow’s home-value measure rose in 2026-06; their distinct methods and vintages cannot be averaged into one appreciation rate.
Demand evidence is mixed. QCEW recorded 8,147 annual average covered jobs at county workplaces in 2025, up 4.99%; Manufacturing is the largest disclosed private supersector, not the whole economy. Tax-return migration was net positive, and average income of movers in exceeded movers out by $7,888, but neither establishes tenant demand. Realtor.com’s 2026-06 MLS data show active listings up 19.53%, visible supply rather than sales. Its listing-price, days-on-market, and reduction measures are asking-market evidence, not closed-sale proof. Investor purchase mortgages were 4.09% of 391 purchases, limited documented non-owner participation rather than no buyer competition.
Inland flood is the dominant hazard, and modeled climate loss is 0.10% of building value annually; this county-level measure is not a site-specific premium or damage estimate. The thesis could fail if parcel flood exposure or insurance costs exceed screening assumptions, subject-unit rent proves unachievable, or more listings weaken exit pricing. Property-level flood data, insurance quotes, parcel assessment, operating expenses, vacancy, condition, lease evidence, closed-sale comparables, and financing terms are not published. These gaps prevent net-yield, cash-flow, and resale underwriting.