Location: Macon-Bibb 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 | $980 |
| 1 Bedroom | $1,050 |
| 2 Bedrooms | $1,180 |
| 3 Bedrooms | $1,420 |
| 4 Bedrooms | $1,560 |
| 5 Bedrooms | $1,810 |
| 6 Bedrooms | $2,027 |
| 7 Bedrooms | $2,189 |
| 8 Bedrooms | $2,298 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,180 | $93,027 | 1.27% | A |
| 3BR | $1,420 | $160,358 | 0.89% | C |
| 4BR | $1,560 | $258,379 | 0.6% | D |
U.S. Census Bureau data (2024)
The classification of ZIP 31211 in Macon, Georgia, reveals a market that is somewhat balanced between yield and stability, but leans slightly towards being a high-yield/low-stability environment. This conclusion is driven by the specific figures provided.
On the yield axis, the Federal Market Rent (FMR) for ZIP 31211 in fiscal year 2024 is set at $1,030, while the average market rent stands at $1,213. Given the median home value of $170,409, these rental rates suggest a decent return on investment for landlords. The higher market rent compared to the FMR indicates that there is potential for above-average yields if properties can be rented at market rates.
Moving to the stability axis, the ZIP code has a significant portion of its population renting, with 43.2% of residents classified as renters. However, the lack of data on days on market (DOM) and the relatively low median income of $49,202 indicate lower stability. The absence of DOM data could mean that it is difficult to predict how quickly properties will turn over, which is a key factor in assessing the reliability of cash flow. Additionally, the lower median income suggests that tenants might have less financial cushion, potentially leading to higher vacancy rates or difficulty in maintaining consistent rental payments.
While the yield appears promising due to the favorable rental rates, the stability indicators point towards a riskier environment. Therefore, ZIP 31211 can be characterized as a high-yield/low-stability market, suitable for investors who are willing to accept higher risks for potentially higher returns.
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.