Location: Wilkinson County, GA | Metro: Wilkinson County, GA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $830 |
| 1 Bedroom | $900 |
| 2 Bedrooms | $1,160 |
| 3 Bedrooms | $1,470 |
| 4 Bedrooms | $1,800 |
| 5 Bedrooms | $2,088 |
| 6 Bedrooms | $2,339 |
| 7 Bedrooms | $2,526 |
| 8 Bedrooms | $2,652 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 31003, which is set at $1,180 per month for the fiscal year 2026, represents the maximum amount that landlords can expect to receive from the government's Section 8 program. This is not the rent you charge your tenants but rather the ceiling on the housing assistance payment made by the government. Your tenant will be responsible for paying approximately 30% to 40% of their income towards rent, while the government covers the rest up to this limit.
To put this into perspective, the local median rent for ZIP 31003 is currently unavailable. However, using the 7.2% renter share of area median income, we can infer that there is a significant demand for affordable housing units. The renter share indicates the portion of the average income that renters in this area typically spend on housing, suggesting that many individuals would find a Section 8 rental at the FMR price point attractive and affordable.
When it comes to acquiring a property for Section 8, the typical purchase price in ZIP 31003 is also currently unavailable. Despite this, the potential for long-term stable rental income makes Section 8 properties an appealing investment. The government's commitment to covering a substantial part of the rent ensures a steady cash flow, which is particularly beneficial for small-portfolio investors looking for reliable returns.
Before committing to a Section 8 rental, verify that the property meets all Housing Quality Standards (HQS). These standards ensure that the unit is safe, decent, and sanitary for tenants, and failing to meet them can result in penalties or loss of participation in the program. Once confirmed, the FMR of $1,180 will provide a clear benchmark for your rental income expectations.
Data Sources: FMR data from HUD (2027). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.