Section 8 Fair Market Rent (FMR) for ZIP 31054 - 2027

Location: Wilkinson County, GA | Metro: Wilkinson County, GA

FY 2027 Fair Market Rent Rates

Unit Size Monthly FMR
Studio$910
1 Bedroom$910
2 Bedrooms$1,140
3 Bedrooms$1,470
4 Bedrooms$1,650
5 Bedrooms$1,914
6 Bedrooms$2,144
7 Bedrooms$2,316
8 Bedrooms$2,432

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population
1,188
Median Household Income
$53,929
Housing Units
731
Renter Percentage
14.9%
Occupancy Rate
70.9%
Renter Occupied
77

The market analysis for Section 8 investors in ZIP code 31054, located in Wilkinson County, GA, reveals a favorable environment for rental properties. The HUD Fair Market Rent (FMR) for the area is set at $1,090 per month for the fiscal year 2026, which is significantly higher than the average market rent reported by the Census ACS at $879. This difference indicates that voucher tenants will generally cashflow at the FMR rate, providing a stable income stream for landlords.

To further understand the investment potential, consider the median home value in the area, which stands at $156,350. Using the HUD FMR of $1,090, we can calculate a rent-to-price ratio of approximately 0.0082 (or 0.82%), suggesting that the rental market is undervalued relative to property values. This means that investing in rental properties could be more profitable than purchasing a home for personal use, given the current market conditions.

The dynamics of days on market (DOM) and price-cut share are not available, but these factors typically play a role in determining the best strategy between buying and renting. However, based on the data provided, it's clear that the rental market offers better cash flow opportunities due to the discrepancy between HUD FMR and market rents.

The strongest investor angle in ZIP 31054 is cashflow. With the HUD FMR well above the market rent, landlords can expect to generate positive cash flow from their investments without needing to rely on premium units. This makes it an attractive location for both small-portfolio investors and landlords looking to expand their holdings in a stable and financially rewarding market.

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.