Location: Warren County, GA | Metro: Hancock County, GA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $790 |
| 1 Bedroom | $790 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,320 |
| 4 Bedrooms | $1,540 |
| 5 Bedrooms | $1,786 |
| 6 Bedrooms | $2,000 |
| 7 Bedrooms | $2,160 |
| 8 Bedrooms | $2,268 |
U.S. Census Bureau data (2024)
The ZIP code 31045 presents a unique market dynamic characterized by a strong emphasis on rental properties, as evidenced by the 100.0% renter share. This indicates that there is virtually no owner-occupied housing in the area, suggesting consistent long-term housing pressure that favors renting over buying. The $970 Fair Market Rent (FMR) for the metro area in fiscal year 2026 underscores the affordability of rental housing in this region, which is likely to attract a steady stream of renters.
While specific data points such as market rent, the percentage of price-cut share, days on market (DOM), and median home value are not available, the high renter share implies that the demand for rentals is robust. In markets where supply significantly outpaces demand, we typically see lower renter shares as homeownership becomes more accessible. Conversely, in areas where demand exceeds supply, the renter share tends to be higher due to limited availability of homes for purchase and the relative ease of entering the rental market.
The absence of data on market rent and other key metrics makes it challenging to provide a comprehensive analysis of the supply-demand balance. However, given the 100.0% renter share, it is reasonable to infer that the rental market is tight, indicating a scenario where demand might be outpacing supply. Landlords and small-portfolio investors should take note of the potential for stable occupancy rates and consider the local economy and job market as factors influencing the sustained demand for rental units.
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.