Location: Telfair County, GA | Metro: Dodge County, GA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $770 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,020 |
| 3 Bedrooms | $1,220 |
| 4 Bedrooms | $1,460 |
| 5 Bedrooms | $1,694 |
| 6 Bedrooms | $1,897 |
| 7 Bedrooms | $2,049 |
| 8 Bedrooms | $2,151 |
U.S. Census Bureau data (2024)
The ZIP code 31011, located in Telfair County, Georgia, can serve as a cash-flow anchor within a Section 8 portfolio strategy. This designation is based on the significant spread between the Fair Market Rent (FMR) for the metro area in fiscal year 2026, which is $970, and the current market rental rate of $425. Additionally, the median home value in the area stands at $172,651.
The disparity between the FMR and the market rental rate presents an opportunity for landlords and small-portfolio investors to achieve positive cash flow. By securing Section 8 vouchers, landlords can receive higher rents compared to the local market rates, thereby anchoring their portfolio with reliable income streams.
While there is limited data regarding price-cut shares and days on market (DOM), the median income of $46,875 suggests a moderate economic base. However, the 22.9% renter share indicates a substantial portion of the population relies on rental housing, which aligns well with the Section 8 program's focus on providing affordable housing options.
In conclusion, ZIP 31011 is best suited as a cash-flow anchor within a Section 8 portfolio due to the favorable spread between FMR and market rental rates. This positioning allows investors to benefit from the higher guaranteed rent payments while mitigating risks associated with appreciation plays or diversification strategies.
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.