Location: Warner Robins, GA | Metro: Warner Robins, GA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,130 |
| 1 Bedroom | $1,250 |
| 2 Bedrooms | $1,400 |
| 3 Bedrooms | $1,870 |
| 4 Bedrooms | $2,240 |
| 5 Bedrooms | $2,598 |
| 6 Bedrooms | $2,910 |
| 7 Bedrooms | $3,143 |
| 8 Bedrooms | $3,300 |
The Fair Market Rent (FMR) for ZIP code 31095 in Unknown, Georgia, for fiscal year 2024 is set at $1210. This figure represents the payment standard used by the U.S. Department of Housing and Urban Development (HUD) for determining the maximum amount of rent that can be charged under the Section 8 housing program. It's important to note that this is not the rent you will charge your tenants; rather, it is the upper limit HUD will pay on behalf of eligible tenants.
To put this into perspective, the local median rent for ZIP 31095 is currently unavailable. However, the FMR provides a benchmark for understanding the rental market dynamics in the area. The percentage of renters in the area who might qualify for the Section 8 program is also not available, but typically, a higher percentage of renters in a region indicates greater demand for affordable housing options.
The acquisition cost for properties in ZIP 31095 is similarly unavailable. Nonetheless, knowing the FMR can help you estimate the potential income from a Section 8 rental property. For instance, if the FMR is $1210, you can expect HUD to cover up to this amount for a tenant's monthly rent. If your property's market value is lower than this figure, it could still be profitable under the Section 8 program.
Before deciding to convert your property to a Section 8 rental, there is one critical verification step: ensure that your property meets the Housing Quality Standards (HQS). These standards are set by HUD to guarantee that all units rented through the Section 8 program are safe, decent, and sanitary. Failure to meet these standards can result in disqualification from the program, regardless of the FMR or other factors.
In summary, the FMR of $1210 for ZIP 31095 sets the ceiling for HUD's rental assistance payments. While specific local rent figures and renter demographics are not available, the FMR serves as a useful guide. Make sure your property passes the HQS inspection to avoid any issues with eligibility.
Data Sources: FMR data from HUD (2027).
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.