Section 8 Fair Market Rent (FMR) for ZIP 31009 - 2027

Location: Laurens County, GA | Metro: Laurens County, GA

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$700
1 Bedroom	$770
2 Bedrooms	$1,000
3 Bedrooms	$1,280
4 Bedrooms	$1,590
5 Bedrooms	$1,844
6 Bedrooms	$2,065
7 Bedrooms	$2,230
8 Bedrooms	$2,342

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

1,276

Median Household Income

$65,250

Housing Units

626

Renter Percentage

28.2%

Occupancy Rate

79.2%

Renter Occupied

140

The ZIP code 31009, located in Valdosta, Georgia, offers a stable rental market with a mix of single-family homes and apartments. The city's economic base is diverse, with significant contributions from education, healthcare, and manufacturing sectors, providing a steady stream of residents.

The Fair Market Rent (FMR) for a two-bedroom apartment in the metro area for fiscal year 2026 is set at $970.
The average market rent for properties in ZIP 31009, according to the Census Bureau's American Community Survey, stands at $719.
The median home value in this area is $161,144, reflecting a relatively affordable housing market for potential buyers.
Renters make up 28.2% of the total population, indicating a moderate demand for rental properties.
The median income in ZIP 31009 is $65,250, which suggests that the local economy supports a middle-class demographic capable of paying rents.

The discrepancy between the Fair Market Rent and the actual market rent indicates a potential opportunity for landlords to increase their rental income slightly while remaining competitive. With a median home value that is lower than many comparable markets, investment in rental properties can offer a good return. However, the moderate renter share means that there is a balance between renters and homeowners, which could affect the overall demand for rental units. Given the median income, tenants should have sufficient financial stability to meet rent obligations. In summary, ZIP 31009 presents a balanced investment opportunity with room for growth, particularly for those interested in rental properties over homeownership.

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.