Location: Warner Robins, GA | Metro: Warner Robins, GA HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,280 |
| 1 Bedroom | $1,420 |
| 2 Bedrooms | $1,590 |
| 3 Bedrooms | $2,120 |
| 4 Bedrooms | $2,550 |
| 5 Bedrooms | $2,958 |
| 6 Bedrooms | $3,313 |
| 7 Bedrooms | $3,578 |
| 8 Bedrooms | $3,757 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $2,120 | $249,101 | 0.85% | C |
| 4BR | $2,550 | $367,763 | 0.69% | D |
| 5BR | $2,958 | $438,794 | 0.67% | D |
U.S. Census Bureau data (2024)
The ZIP code 31005 represents a residential area with a total population of 22,063 individuals, where 22.1% are renters. The median household income in this area stands at $110,461, indicating a relatively affluent demographic. The median home value is $302,464, which suggests a stable housing market with properties that are moderately priced.
Turning to the economic dynamics of renting, the Fair Market Rent (FMR) for ZIP 31005 for fiscal year 2024 is set at $1,520. This figure contrasts with the actual market rent, measured by Zillow's Observed Rental Index (ZORI), which is $1,735. The gap between the FMR and the ZORI highlights an opportunity for landlords who can manage properties effectively, as they might be able to command higher rents beyond the voucher limits.
Given these factors, ZIP 31005 could suit both hands-off voucher operators and hands-on value-add buyers. For hands-off operators, the stable income provided by Section 8 vouchers can be attractive, especially with the potential for modest profits above the FMR. However, for those inclined towards a more active role, there is room to improve property values and rental rates, leveraging the area’s high median income and moderate home values to create a premium rental offering.
To summarize, the ZIP code 31005 offers a balanced environment for real estate investment, particularly in the context of Section 8. With a median income of $110,461 and median home value of $302,464, it supports both passive and active strategies. The difference between the FMR of $1,520 and the market rent of $1,735 presents opportunities for hands-on investors to maximize their returns through property enhancements and strategic management practices.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.