Location: Taylor County, GA | Metro: Talbot County, 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 | $760 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,390 |
| 4 Bedrooms | $1,450 |
| 5 Bedrooms | $1,682 |
| 6 Bedrooms | $1,884 |
| 7 Bedrooms | $2,035 |
| 8 Bedrooms | $2,137 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,390 | $176,297 | 0.79% | D |
U.S. Census Bureau data (2024)
The economics of Section 8 housing in ZIP code 31006 are governed by the SAFMR (Small Area Fair Market Rent) which is specifically tailored for this ZIP code. For a two-bedroom apartment, the SAFMR for FY 2024 is set at $890. This figure represents the maximum amount that the housing authority will reimburse landlords per month for renting out a unit under the Section 8 program.
However, it's important to understand that the actual reimbursement to landlords is not solely based on the SAFMR. The total payment to landlords consists of the tenant contribution plus the utility allowance. Tenants are generally required to pay 30% of their adjusted income towards rent. If we consider the average income levels and apply the standard 30% rule, the tenant contribution would vary but can be estimated around $207 based on typical income figures for the area. Utility allowances are also part of the calculation; these typically range from $20 to $50 depending on the specific circumstances of the household.
To illustrate, let's assume an average utility allowance of $35. Therefore, the total reimbursement a landlord would receive for a two-bedroom unit in ZIP 31006 would be approximately $890, broken down into $207 from the tenant and $683 from the housing authority, including the utility allowance.
Local market rents in ZIP 31006, according to the latest Census ACS data, run at $692 for a two-bedroom apartment. This means that the SAFMR of $890 is higher than the prevailing market rent, providing landlords with a surplus when they accept a Section 8 voucher for a two-bedroom unit. The surplus is calculated by subtracting the market rent ($692) from the SAFMR ($890), resulting in a monthly surplus of $198 for landlords who participate in the Section 8 program.
In summary, landlords in ZIP 31006 can expect a higher reimbursement rate for two-bedroom units compared to the local market rent, ensuring a financial benefit of $198 per month over and above the market conditions. This makes participating in the Section 8 program financially advantageous for landlords looking to secure stable rental income while serving tenants in need.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.