Section 8 Fair Market Rent (FMR) for ZIP 31067 - 2027
Location: Washington County, GA | Metro: Washington County, GA
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $830 |
| 1 Bedroom | $830 |
| 2 Bedrooms | $1,050 |
| 3 Bedrooms | $1,250 |
| 4 Bedrooms | $1,410 |
| 5 Bedrooms | $1,636 |
| 6 Bedrooms | $1,832 |
| 7 Bedrooms | $1,979 |
| 8 Bedrooms | $2,078 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$58,942
To determine if a landlord should buy in ZIP code 31067 for Section 8, follow this decision tree:
- Does the Fair Market Rent (FMR) of $1,050 clear debt service on a property?
- Yes. If the FMR of $1,050 is sufficient to cover the total debt service (including mortgage payments, insurance, maintenance, and other expenses), then the investment could be viable.
- No. If the FMR does not cover the total debt service, purchasing a property in this area would not be advisable under the Section 8 program.
- Is the market rent above, at, or below the FMR?
- Above. If the market rent exceeds the FMR of $1,050, landlords may find that their properties are less competitive in attracting Section 8 tenants, as they will be limited to the FMR.
- At. If the market rent is exactly at the FMR, the property would be well-positioned for Section 8 tenants, as it matches the payment standard without any surplus or deficit.
- Below. If the market rent is below the FMR, the property is likely to attract Section 8 tenants, as it is priced competitively or below what the program will pay.
- Are there enough renters and a reasonable number of days on the market (DOM)?
- Yes. With 9.6% of the population being renters and an average DOM of N/A days, there is a steady demand for rental properties. This indicates that vacancies would be minimal, ensuring consistent cash flow.
- No. If the percentage of renters is significantly lower or the DOM is excessively high, it suggests weak demand. This would make it difficult to maintain occupancy rates, leading to financial instability.
The decision ultimately hinges on whether the FMR can cover your debt service, how the local market rent compares to the FMR, and the strength of rental demand in the area. If all conditions align favorably, then buying in ZIP 31067 for Section 8 is a positive move. Otherwise, it depends on the specific numbers and your tolerance for risk.
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.