Location: Washington County, GA | Metro: Washington County, GA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $790 |
| 1 Bedroom | $790 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,190 |
| 4 Bedrooms | $1,330 |
| 5 Bedrooms | $1,543 |
| 6 Bedrooms | $1,728 |
| 7 Bedrooms | $1,866 |
| 8 Bedrooms | $1,959 |
U.S. Census Bureau data (2024)
A household in ZIP code 31018, with a median income of $48,024, faces significant challenges in affording the market rate rent of $967. This figure is derived from the latest Census American Community Survey (ACS) data. The voucher payment standard for Fair Market Rent (FMR) in the metro area for fiscal year 2026 is set at $970, which is nearly identical to the market rate but offers a different payment structure.
The affordability gap in 31018 is stark. To put it into perspective, a household earning the median income would need to allocate over 25% of their gross monthly income to cover the market rate rent. This leaves little room for other essential expenses such as food, healthcare, and transportation.
Given that only 21.0% of the 2,827 residents are renters, landlords in this area must be prepared for stiff competition. The limited pool of potential tenants means that those who can afford the market rates will have several options available to them. Landlords should consider the benefits of accepting housing vouchers as a way to attract tenants who might otherwise struggle to find affordable housing.
The takeaway for landlords is clear: accepting vouchers can be a strategic advantage in an area where the median income barely covers the cost of living. While the monthly voucher payment of $970 is slightly above the market rate, it ensures a steady stream of rental income directly from the government, reducing the risk of non-payment. Moreover, it opens up the property to a broader range of potential tenants, thereby increasing the likelihood of occupancy and stable revenue.
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.