Location: Macon-Bibb County, GA | Metro: Macon-Bibb County, GA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,130 |
| 1 Bedroom | $1,180 |
| 2 Bedrooms | $1,330 |
| 3 Bedrooms | $1,580 |
| 4 Bedrooms | $1,750 |
| 5 Bedrooms | $2,030 |
| 6 Bedrooms | $2,274 |
| 7 Bedrooms | $2,456 |
| 8 Bedrooms | $2,579 |
$1160 is the Fair Market Rent (FMR) for ZIP 31208 in fiscal year 2024, indicating the rental threshold for Section 8 eligibility.
$217,500 is the price tag on a three-bedroom, two-bathroom house in ZIP 31208, reflecting the higher end of the real estate market in the area.
$44,900 is the price for a two-bedroom, one-bathroom property, showing the lower range of the housing market in ZIP 31208.
$379,900 is another example of a three-bedroom, three-bathroom house available for sale, which underscores the diversity in property values within the ZIP code.
$198,000 is the asking price for a three-bedroom, three-bathroom house with a wooded backyard, illustrating the middle range of property values in ZIP 31208.
$110,000 is the price for a three-bedroom, three-bathroom house, highlighting the affordability options in the ZIP code.
$95,000 is the price of a three-bedroom, two-bathroom house, offering insight into the budget-friendly end of the housing market in ZIP 31208.
$199,500 is the cost of another three-bedroom, two-bathroom house, demonstrating the range of property values within the ZIP code.
The lack of specific market rent, median home value, and other key metrics makes it challenging to provide a comprehensive analysis of the real estate market in ZIP 31208. However, given the Fair Market Rent (FMR) at $1160, landlords and small-portfolio investors should consider properties priced below this amount for optimal Section 8 participation. The wide range of property values, from $44,900 to $217,500, suggests opportunities for both low-cost and mid-range investments.
Verdict: ZIP 31208 presents a mixed market with opportunities for Section 8 participation, particularly in the lower to mid-range of property values.
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.