Location: Warner Robins, GA | Metro: Warner Robins, GA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,340 |
| 1 Bedroom | $1,490 |
| 2 Bedrooms | $1,670 |
| 3 Bedrooms | $2,230 |
| 4 Bedrooms | $2,680 |
| 5 Bedrooms | $3,109 |
| 6 Bedrooms | $3,482 |
| 7 Bedrooms | $3,761 |
| 8 Bedrooms | $3,949 |
U.S. Census Bureau data (2024)
The rent math in ZIP 31098, part of the Warner Robins, GA HUD Metro FMR Area, is favorable but requires careful consideration. The Fair Market Rent (FMR) set at $1570 for the fiscal year 2024 is higher than the market rent of $1,406 reported by the Census ACS. This indicates that landlords can potentially charge above the average market rate, leveraging the higher FMR to maximize profits.
Regarding acquisition affordability, the data presents a challenge. The median home value is listed as N/A, which means there's insufficient information to gauge the typical cost of properties in the area. Additionally, the N/A-day DOM (days on market) and N/A% price-cut share suggest that the market dynamics for property acquisitions are unclear. Landlords and small-portfolio investors should seek additional local real estate data to make informed decisions about purchasing properties.
Tenant demand is robust in ZIP 31098. With a population of 3,140, nearly all residents (99.0%) are renters. This high percentage of renters points to a strong likelihood that any rental properties will be occupied, ensuring steady cash flow for investors.
In conclusion, while the rent math in ZIP 31098 works in favor of landlords due to the higher FMR compared to the market rent, the lack of specific data on median home values, days on market, and price-cut shares makes it difficult to assess the affordability of property acquisitions. However, the overwhelming demand for rentals, evidenced by the 99.0% renter share, suggests that once a property is acquired, it will likely attract tenants. For those willing to navigate the uncertainties around acquisition costs, the potential for stable income through rental operations is significant.
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.