Location: Monroe County, GA | Metro: Macon-Bibb County, 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 | $1,470 |
| 1 Bedroom | $1,550 |
| 2 Bedrooms | $1,740 |
| 3 Bedrooms | $2,070 |
| 4 Bedrooms | $2,290 |
| 5 Bedrooms | $2,656 |
| 6 Bedrooms | $2,975 |
| 7 Bedrooms | $3,213 |
| 8 Bedrooms | $3,374 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,740 | $154,543 | 1.13% | B |
| 3BR | $2,070 | $239,666 | 0.86% | C |
| 4BR | $2,290 | $364,416 | 0.63% | D |
| 5BR | $2,656 | $554,576 | 0.48% | F |
U.S. Census Bureau data (2024)
The ZIP code 31210 in Macon, GA, presents a dynamic rental market. The Fair Market Rent (FMR) for the area is set at $1370 for fiscal year 2024, while the Zillow Observed Rent Index (ZORI) stands at $1,207. This indicates that the actual market rents are slightly below the government's benchmark, suggesting a balanced but competitive environment.
The 0.2% price-cut share reveals that landlords are generally not forced to reduce their asking rents significantly, implying that demand remains steady relative to supply. A 31-day Days on Market (DOM) suggests that properties are moving relatively quickly once listed, which could indicate either a healthy demand or a limited supply of available units. The median home value of $286,869 provides context for the overall cost of living in the area.
A notable statistic is the 45.3% share of renters in the market. This high percentage signals persistent long-term housing pressure, as a significant portion of the population opts for renting rather than purchasing. Such a trend can be indicative of various factors including affordability issues, job instability, or a preference for renting over homeownership. For landlords and small-portfolio investors, this means a consistent demand for rental properties, though it also suggests that competition among renters might keep rental rates from rising sharply.
In summary, the market in ZIP 31210 appears to be one where demand and supply are closely matched, with a slight edge towards supply meeting demand. The high renter share points to enduring pressure on the rental market, creating opportunities for those willing to invest in rental properties while also keeping an eye on the balance between rental rates and property values.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.