Location: Macon County, GA | Metro: Warner Robins, GA HUD Metro FMR Area
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 | $1,000 |
| 1 Bedroom | $1,100 |
| 2 Bedrooms | $1,230 |
| 3 Bedrooms | $1,640 |
| 4 Bedrooms | $1,940 |
| 5 Bedrooms | $2,250 |
| 6 Bedrooms | $2,520 |
| 7 Bedrooms | $2,722 |
| 8 Bedrooms | $2,858 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,230 | $165,475 | 0.74% | D |
| 3BR | $1,640 | $240,524 | 0.68% | D |
| 4BR | $1,940 | $326,491 | 0.59% | F |
| 5BR | $2,250 | $364,405 | 0.62% | D |
U.S. Census Bureau data (2024)
The ZIP code 31069, located in Perry, GA, presents an interesting balance between yield and stability. The Fair Market Rent (FMR) for the fiscal year 2024 is set at $1,070, while the market rent stands at $1,550. This indicates a potential for higher-than-average rental yields, especially when considering the median home value of $273,970.
To determine the exact nature of this market, we must also consider stability factors such as the percentage of renters, days on market (DOM), and median household income. In Perry, GA, 30.4% of residents are renters, which is a relatively low figure compared to national averages. Additionally, the average DOM of 41 days suggests a moderate level of market activity, neither too fast nor too slow. The median household income of $74,501 provides insight into the economic capacity of the area's residents to pay rent.
Evaluating these metrics, ZIP 31069 does not fit neatly into a high-yield/low-stability flip-style market or a steady-cashflow zone. Instead, it represents a middle-ground scenario where there is a decent opportunity for rental yields, but with a slightly lower tenant base and moderate market activity. The FMR being significantly below the market rent ($1,070 vs $1,550) means that landlords can potentially charge higher rents, increasing their cash flow. However, the relatively low renter population (30.4%) might lead to challenges in finding tenants, reducing the stability of the rental income.
In conclusion, Perry, GA, offers a mix of yield potential and stability concerns. Landlords should be prepared for both opportunities and challenges, focusing on property management strategies that attract and retain tenants in a market where rental demand is not overwhelming but where there is room to charge above FMR rates.
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.