Section 8 Fair Market Rent (FMR) for ZIP 31213 - 2027
Location: Macon-Bibb County, GA | Metro: Macon-Bibb County, GA HUD Metro FMR Area
FY 2027 Fair Market Rent Rates
| 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 |
The ZIP code 31213, located in Valdosta, Georgia, is a bustling urban area with a mix of residential and commercial properties. This section of Valdosta is known for its accessibility to local amenities, including schools, healthcare facilities, and retail centers, which makes it an attractive location for both residents and investors.
- Fair Market Rent (FMR): The Fair Market Rent for a two-bedroom apartment in ZIP 31213 for fiscal year 2024 is set at $1160. This figure is crucial for landlords and investors as it represents the maximum amount that can be charged for federally assisted housing units.
- Rental Market: The rental market data for ZIP 31213 is currently unavailable, indicating a need for further research to understand the dynamics of the local rental market and how it compares to the FMR.
- Median Home Value: Similarly, the median home value for ZIP 31213 is not available, which could be due to limited recent sales data. This absence of information makes it difficult to assess the potential for appreciation in property values.
- Renter Share: Data on the percentage of residents who are renters in ZIP 31213 is also missing, which would be important to know to gauge the demand for rental properties in the area.
- Days on Market (DOM): The average days on market for properties in ZIP 31213 is currently unreported, which is another key metric for understanding the speed at which properties are being sold or rented.
- Median Income: The median income for households in ZIP 31213 is not available, making it challenging to predict the financial capacity of potential tenants or buyers.
In summary, while the Fair Market Rent provides a benchmark for rental pricing, the lack of detailed market data such as median home values, renter share, days on market, and median income limits a comprehensive analysis. Investors should conduct additional research to fill these gaps and make informed decisions about the potential returns and risks associated with real estate investments in ZIP 31213.
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.