Location: Macon-Bibb County, GA | Metro: Macon-Bibb County, GA HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $980 |
| 1 Bedroom | $1,050 |
| 2 Bedrooms | $1,180 |
| 3 Bedrooms | $1,420 |
| 4 Bedrooms | $1,560 |
| 5 Bedrooms | $1,810 |
| 6 Bedrooms | $2,027 |
| 7 Bedrooms | $2,189 |
| 8 Bedrooms | $2,298 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,420 | $251,398 | 0.56% | F |
U.S. Census Bureau data (2024)
The ZIP code 31050, located within the Macon-Bibb County, GA HUD Metro FMR Area, serves as a critical component in a Section 8 portfolio strategy due to its role as a cash-flow anchor. The Fair Market Rent (FMR) for FY 2024 in this area is set at $950, which is the benchmark used by the Housing Choice Voucher Program to determine rental assistance payments. This figure directly impacts the cash flow stability for landlords and small-portfolio investors who participate in the program.
While specific market rent data is not available, the FMR of $950 provides a reliable floor for rental income. Given that the median home value in ZIP 31050 is $239,674, landlords can expect steady cash flows from tenants receiving rental assistance. The FMR acts as a safety net, ensuring that properties in this ZIP code will have consistent occupancy rates and predictable income streams, which are essential for maintaining positive cash flow.
The median income of $49,340 in ZIP 31050 suggests that many residents rely on rental assistance programs to afford housing. With a renter share of 16.6%, there is a significant portion of the population that might benefit from Section 8 vouchers, making the area attractive for landlords seeking stable long-term tenants.
In conclusion, ZIP 31050 is best positioned as a cash-flow anchor in a Section 8 portfolio strategy. Its defined FMR of $950 ensures a predictable income stream, while the reliance on rental assistance among residents stabilizes occupancy rates. This makes it an ideal choice for investors looking to secure reliable returns without the volatility associated with fluctuating market rents.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.