Location: Washington County, GA | Metro: Washington County, GA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $790 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,250 |
| 4 Bedrooms | $1,370 |
| 5 Bedrooms | $1,589 |
| 6 Bedrooms | $1,780 |
| 7 Bedrooms | $1,922 |
| 8 Bedrooms | $2,018 |
U.S. Census Bureau data (2024)
14.5% of residents in ZIP code 31094 are renters, indicating a modest but present demand for rental properties. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $980, which serves as a benchmark for rental pricing in the region. Despite the lack of specific data on market rent, the median home value stands at $167,051, suggesting a relatively affordable housing market. Landlords should note that the median income in this area is $51,688, which could influence the affordability of rents for potential tenants. While there's no information on days on market (DOM), the absence of a significant percentage of price-cut share indicates that homes are generally selling at their listed prices without major adjustments. This stability in the housing market can be beneficial for landlords, as it suggests a steady rental environment. However, the specific rental dynamics require closer inspection, especially considering the FMR and median income figures. For small-portfolio investors, the opportunity to offer affordable rentals that meet or slightly exceed the FMR can be a strategic move. Given the data, the Section 8 program can provide a reliable source of stable rental income, aligning well with the economic profile of the area.
31094's modest renter share of 14.5% means that while not a high-density rental market, there is still a segment of the population seeking rental accommodations. With the FMR at $980, landlords can price their units competitively while ensuring they meet the needs of low-income families who rely on Section 8 vouchers. The median income of $51,688 supports this strategy, as it reflects an average household income that is likely to benefit from subsidized housing options. Although specific market rent data is unavailable, the median home value of $167,051 provides a context for the overall housing cost in the area, which is relatively low compared to many metropolitan regions. The absence of significant price-cut shares in the housing market signals a robust sales environment, which can translate to a stable rental market when managed correctly. Therefore, for those interested in offering Section 8 units, the ZIP code 31094 presents a viable opportunity, given the alignment between FMR, median income, and home values. Landlords can expect a steady stream of qualified tenants through the Section 8 program, making it a worthwhile investment.
The verdict on Section 8 for ZIP 31094 is positive, with the program providing a reliable tenant base and stable rental income opportunities for landlords.
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.