Location: Warner Robins, GA | Metro: Warner Robins, GA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,490 |
| 1 Bedroom | $1,660 |
| 2 Bedrooms | $1,860 |
| 3 Bedrooms | $2,480 |
| 4 Bedrooms | $2,980 |
| 5 Bedrooms | $3,457 |
| 6 Bedrooms | $3,872 |
| 7 Bedrooms | $4,182 |
| 8 Bedrooms | $4,391 |
U.S. Census Bureau data (2024)
The ZIP code 31047 stands out in its county with a population of 20,203 residents, where 14.7% of the population rents their homes. The median income in this area is $117,332, reflecting a relatively affluent community. However, the median home value is significantly higher at $354,444, indicating a strong preference for homeownership among the majority of residents.
Moving to the specifics of Section 8 housing economics, the Fair Market Rent (FMR) for ZIP 31047 in fiscal year 2024 is set at $1,480, while the Zillow Observed Rental Index (ZORI) indicates a market rent of $2,183. This discrepancy means that landlords accepting Section 8 vouchers in this ZIP code will receive rental amounts that are lower than the current market rates. Despite this, the program can still provide a steady and reliable stream of income for those willing to participate, as it ensures timely payments through the government.
The data signature for ZIP 31047 suggests a stable environment. With a modest percentage of renters and a high median income, the local economy appears robust and less susceptible to rapid changes. This stability can be beneficial for landlords and small-portfolio investors who seek consistent returns without the volatility associated with 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.