31503 — Waycross, GA Home Values
Typical home value $158,870 as of July 2026 · 8th of 9 in Waycross, GA
Blue: typical home value (Zillow ZHVI) in ZIP code 31503, July 2021 to July 2026. This page shows observed data only; no forecast.
How 31503 compares in the Waycross, GA area
ZIP code 31503 (Waycross, GA) has a typical home value of $158,870 as of July 2026, ranking 8th of 9 ZIP codes tracked in the Waycross, GA area, more expensive than about 22% of ZIP codes in the metro. Prices here have moved +2.8% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +20.0%, from $132,352 in July 2021 to $158,870 in July 2026. Against observed rent, the typical home here sells for 13.9× the annual rent ($950/mo), a common way to gauge whether buying looks cheap relative to renting in this ZIP code.
Every figure above is observed Zillow data. Sialim's forecasting engine works at the metro level; see the Waycross, GA forecast for a modeled outlook, or browse the full ranked list of ZIP codes in Waycross.
Population and demographics
ZIP code 31503 has a population of 23,173, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 69.6% White, 19.6% Black or African American, 7.3% Hispanic or Latino, 1.8% Asian, 1.4% two or more races, 0.2% American Indian or Alaska Native, and 0.1% another race.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| Ware County High School | 700 Victory Dr, Waycross, GA | 1.6 mi |
| Ruskin Elementary School | 3550 Valdosta Hwy, Waycross, GA | 2.6 mi |
| Ware County Middle School | 2301 Cherokee St, Waycross, GA | 4 mi |
Distance is straight-line from the ZIP code's center; driving distance will be longer. School attendance is set by district boundaries, not proximity. Confirm which school a specific address is zoned for with the local school district. Source: National Center for Education Statistics.
Frequently asked questions
What is the typical home value in ZIP code 31503?
$158,870 as of July 2026, the latest month Zillow has published observed data for.
Is 31503 an expensive ZIP code in the Waycross, GA area?
31503 ranks 8th of 9 ZIP codes in the Waycross, GA area by typical home value, more expensive than about 22% of ZIP codes in the metro.
How much have home values in 31503 changed over the past year?
+2.8% over the trailing 12 months, from observed Zillow data.
Is it cheaper to buy or rent in ZIP code 31503?
The typical home price is 13.9× the observed annual rent in this ZIP code ($950/mo). Lower multiples favor buying over renting, all else equal.
What is the population of ZIP code 31503?
23,173, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 31503?
Ware County High School (1.6 mi), Ruskin Elementary School (2.6 mi), Ware County Middle School (4 mi), by straight-line distance from the ZIP code's center. School attendance is set by district boundaries, not proximity. Confirm assignment with the local school district.
Is this page showing a forecast for 31503?
No. Every number on this page is observed Zillow data as of July 2026, not a forecast. Sialim's forecasting engine runs at the metro level; see the Waycross, GA forecast for a modeled outlook.
ZIP-level values shown here are observed Zillow data, not forecasts. Sialim's forecasting engine works at the metro level today; ZIP-level forecasts are planned for Sialim Pro. Data © Zillow, via Zillow Research.