Location: Wilkinson County, GA | Metro: Laurens County, GA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $880 |
| 1 Bedroom | $880 |
| 2 Bedrooms | $1,100 |
| 3 Bedrooms | $1,420 |
| 4 Bedrooms | $1,590 |
| 5 Bedrooms | $1,844 |
| 6 Bedrooms | $2,065 |
| 7 Bedrooms | $2,230 |
| 8 Bedrooms | $2,342 |
U.S. Census Bureau data (2024)
The ZIP code 31042, located within Wilkinson County, GA, presents a unique profile when compared against the broader county metrics. The Fair Market Rent (FMR) for ZIP 31042 stands at $1,120 for fiscal year 2026, which is notably higher than the market rent of $815. This indicates that the federally determined rent threshold for housing assistance programs is above what the market naturally dictates, suggesting a potential area where landlords can benefit from Section 8 subsidies.
Additionally, the median home value in ZIP 31042 is $151,630. This figure is reflective of a modest property value, placing it squarely in the mid-tier range of the county's real estate market. The relatively low home value combined with an 11.9% renter share does not necessarily indicate a value pocket or a premium sub-market. However, it does suggest a neighborhood where there is a significant portion of renters, which could be beneficial for landlords looking to participate in the Section 8 program.
A key point of divergence is the renter share percentage. At 11.9%, this ZIP code has a higher proportion of renters compared to the average in Wilkinson County, GA. This characteristic, alongside the lower market rent and higher FMR, points towards an environment where Section 8 tenants might find more affordable options relative to other areas within the county. Landlords in ZIP 31042 who accept Section 8 vouchers can leverage the subsidy to cover rents that exceed the market rate, thereby making their properties more attractive to eligible tenants.
In conclusion, ZIP 31042 appears to be a mid-tier neighborhood within Wilkinson County, GA, with a notable concentration of renters and favorable conditions for landlords involved in Section 8 housing. The disparity between the market rent and the FMR suggests that this area could be particularly appealing to those seeking stable rental income through government-subsidized programs.
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.