Location: Macon County, GA | Metro: Dooly 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 | $820 |
| 1 Bedroom | $820 |
| 2 Bedrooms | $1,080 |
| 3 Bedrooms | $1,290 |
| 4 Bedrooms | $1,610 |
| 5 Bedrooms | $1,868 |
| 6 Bedrooms | $2,092 |
| 7 Bedrooms | $2,259 |
| 8 Bedrooms | $2,372 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,290 | $119,676 | 1.08% | B |
| 4BR | $1,610 | $200,577 | 0.8% | C |
U.S. Census Bureau data (2024)
The classification of ZIP code 31063 hinges on a balance between yield and stability, using the provided figures. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,060, while the market rent stands at $659. This suggests that properties in this ZIP code could potentially offer a higher yield compared to the broader market, given the discrepancy between FMR and actual market rates.
However, the median home value of $103,358 indicates a relatively affordable housing market, which could mean lower barriers to entry for potential buyers looking to purchase homes rather than renting. This dynamic can impact rental yields if the cost of buying is perceived as more attractive than renting.
Moving to stability, the ZIP code has a significant portion of its population as renters, with 32.8% of residents being tenants. While this percentage is notable, it lacks context without comparing it to other similar markets. The absence of data regarding the number of days on market (DOM) for rental listings makes it challenging to assess how quickly units can be filled, which is crucial for understanding the liquidity and turnover risks in the rental market.
The average income figure of $52,381 provides insight into the financial capacity of the local population to sustain rental payments. This income level, when considered alongside the market rent of $659, implies that renters have a reasonable margin to cover their monthly expenses, including rent. However, the income figure also suggests that there might be limitations on how much residents can afford to pay, which could affect the ability to raise rents significantly above the market rate.
Given these factors, ZIP code 31063 appears to be a moderate-yield, moderate-stability market. The potential for higher yields exists due to the disparity between FMR and market rent, but this must be weighed against the affordability of homes and the financial constraints of the local population. Landlords and small-portfolio investors should consider the balance between rental income and the risk of vacancies or tenant turnover when evaluating investment opportunities in this ZIP code.
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.