Location: Wheeler County, GA | Metro: Dodge County, GA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,020 |
| 1 Bedroom | $1,080 |
| 2 Bedrooms | $1,250 |
| 3 Bedrooms | $1,520 |
| 4 Bedrooms | $1,660 |
| 5 Bedrooms | $1,926 |
| 6 Bedrooms | $2,157 |
| 7 Bedrooms | $2,330 |
| 8 Bedrooms | $2,447 |
U.S. Census Bureau data (2024)
The ZIP code 31037 stands out due to its unique demographic and economic characteristics. With a total population of 3,828 residents, it has a rental rate of 28.3%, indicating a significant portion of the community relies on rented housing. The median income for residents in this area is $55,794, while the median home value is notably higher at $109,922. This suggests that homeownership is a key feature of the ZIP, but it also points to a potential affordability challenge for renters.
When analyzing the voucher economics, the Federal Market Rent (FMR) for the metro area for fiscal year 2026 is set at $1,320. In contrast, the current market rent, as reported by the Census Bureau's American Community Survey, is $912. This gap between the FMR and the actual market rent means that landlords accepting Section 8 vouchers can expect a higher rental income compared to the average market rate. For instance, a landlord could potentially receive an additional $408 per month above the typical market price when participating in the program.
The data signature for ZIP 31037 reads as stable. The relatively low population size and the established median home values indicate a settled community. While the rental rate is substantial, the difference between the FMR and market rent suggests a healthy margin for landlords who choose to accept vouchers. This stability is beneficial for small-portfolio investors looking for consistent returns without the volatility often seen in transitional markets.
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.