Location: Taylor 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 | $760 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,220 |
| 4 Bedrooms | $1,500 |
| 5 Bedrooms | $1,740 |
| 6 Bedrooms | $1,949 |
| 7 Bedrooms | $2,105 |
| 8 Bedrooms | $2,210 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,220 | $115,095 | 1.06% | B |
U.S. Census Bureau data (2024)
The ZIP code 31068, located in a county with 4,377 residents, stands out due to several key characteristics that differentiate it from other areas. With 34.7% of the population renting their homes, it has a significant percentage of tenants compared to the national average. The median income in this area is $30,352, which is notably lower than the typical U.S. household income. Despite this, the median home value is relatively high at $91,949, indicating a potential disparity between rental and homeownership costs.
Moving into the specifics of Section 8 housing, the Fair Market Rent (FMR) for the metro area for fiscal year 2026 is set at $970. This contrasts sharply with the current market rent, which is recorded at $667 according to the Census ACS data. This gap suggests that landlords participating in the Section 8 program could potentially receive higher rents than those offered in the open market, making it an attractive option for property owners in this ZIP code.
The economic stability of ZIP 31068 can be assessed by its data signature. A substantial portion of the population relies on rental housing, and the income levels indicate a need for affordable housing options. However, the median home value is above the median rent, which points towards a transitional phase where the local economy might be evolving to accommodate more diverse housing needs. The disparity between the FMR and the actual market rent also supports this transitional classification, as it reflects ongoing adjustments in the local housing market dynamics.
In conclusion, ZIP 31068 presents a unique opportunity for landlords and small-portfolio investors looking to engage in the Section 8 program. The current economic indicators suggest a transitional environment, ripe with possibilities for those who understand the nuances of affordable housing economics. The potential for receiving higher rents through the Section 8 program, relative to the local market, provides a compelling incentive for property owners to consider this avenue.
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.