Section 8 Fair Market Rent (FMR) for ZIP 31041 - 2027

Location: Taylor County, GA | Metro: Macon County, GA

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$890
1 Bedroom	$890
2 Bedrooms	$1,170
3 Bedrooms	$1,390
4 Bedrooms	$1,750
5 Bedrooms	$2,030
6 Bedrooms	$2,274
7 Bedrooms	$2,456
8 Bedrooms	$2,579

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

967

Median Household Income

$27,436

Housing Units

392

Renter Percentage

43.1%

Occupancy Rate

85.2%

Renter Occupied

144

The ZIP code 31041, located in Valdosta, Georgia, is characterized by a modest housing market that offers opportunities for both landlords and small-portfolio investors. The area is known for its blend of residential neighborhoods and proximity to local amenities, making it a viable option for those seeking affordable living solutions.

Fair Market Rent (FMR): The FMR for ZIP 31041 in fiscal year 2026 is set at $1,080, indicating the maximum amount HUD will pay for low-income housing rental assistance in the area.
Market Rent: According to Census ACS data, the average market rent in ZIP 31041 is $809, which is below the FMR and suggests a competitive rental environment.
Median Home Value: The median home value in the area stands at $83,972, reflecting the overall affordability of the housing stock.
Renter Share: A significant portion of the population, 43.1%, are renters, underscoring the demand for rental properties in the area.
Days on Market (DOM): The data shows that there is no specific figure available for the days on market for rental listings, which could imply a steady flow of tenancy or a lack of comprehensive tracking in the local market.
Median Income: The median income in ZIP 31041 is $27,436, suggesting that the majority of residents rely on lower-cost housing options such as rentals supported by programs like Section 8.

Investors considering entering the Valdosta market should take note of the discrepancy between the Fair Market Rent and the actual market rent, which presents a margin for potential profit. The high renter share indicates a robust demand for rental units, while the relatively low median home values and incomes suggest that Section 8 subsidies can play a crucial role in securing tenants. Given these factors, properties priced close to or just above the market rent but within the FMR range are likely to attract tenants effectively, especially with the support of Section 8 vouchers. However, the absence of a specific days-on-market figure means that investors must be prepared for varying tenancy periods and possibly engage in proactive tenant management strategies to ensure consistent occupancy.

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.