Location: Macon County, GA | Metro: Macon County, GA
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 | $810 |
| 1 Bedroom | $880 |
| 2 Bedrooms | $1,070 |
| 3 Bedrooms | $1,340 |
| 4 Bedrooms | $1,550 |
| 5 Bedrooms | $1,798 |
| 6 Bedrooms | $2,014 |
| 7 Bedrooms | $2,175 |
| 8 Bedrooms | $2,284 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,340 | $125,908 | 1.06% | B |
U.S. Census Bureau data (2024)
30.3% of residents in ZIP code 31057 are renters, indicating a significant portion of the population relies on rental housing. This statistic is crucial for landlords and small-portfolio investors looking to understand the local demand. The $427 average market rent, based on Census ACS data, provides insight into what tenants are currently paying in the area. However, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $970. This suggests that there's potential for increasing rents to align with the FMR without significantly deterring tenants.
The median home value in the area is $115,895, which is relatively low compared to many other regions, making it an attractive option for first-time buyers or investors looking for affordable entry points. Despite the lower home values, the $23,601 median income highlights the economic conditions of the area, where many households may find it challenging to afford higher rents. As such, maintaining competitive pricing is essential to attract and retain tenants.
While the days on market (DOM) and price-cut share data are not available, the combination of a high renter share and a gap between market rent and FMR indicates that there could be opportunities for landlords to increase their revenue. The disparity between the median income and the FMR also points towards the importance of Section 8 subsidies for ensuring affordability and stability in the rental market.
Given the economic context and the rental market dynamics, the Section 8 program remains a viable option for landlords in ZIP 31057 to secure steady occupancy and maintain financial viability. With the right property management strategies, landlords can leverage the $970 FMR while supporting tenants who benefit from the $23,601 median income.
Verdict: Section 8 is a valuable tool for landlords in ZIP 31057, balancing tenant affordability with sustainable rental income.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.