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 |
The ZIP code 31221 in Macon-Bibb County, Georgia, stands out due to limited data availability, which suggests a niche market with specific dynamics that may require deeper analysis. The number of residents and the percentage of renters in this area are currently unknown, making it challenging to assess the overall rental demand. Similarly, the median income and median home value data are also not available, indicating that economic conditions within the ZIP might be unique or less documented compared to other areas.
Despite these data gaps, the Section 8 voucher program offers insights into the local housing market. For fiscal year 2024, the Fair Market Rent (FMR) for ZIP 31221 is set at $1160. This figure represents the maximum amount a landlord can receive through the voucher program for a unit in this ZIP code. Without specific market rent data, it's difficult to compare the FMR directly to local rental prices; however, the FMR provides a benchmark for affordable housing in the area. Landlords should consider this rate when setting their own rental prices, especially if they aim to attract tenants who benefit from the voucher program.
The data signature for ZIP 31221 appears transitional rather than stable. The lack of comprehensive demographic and economic data points to an evolving market, possibly influenced by recent developments or changes in population dynamics. As such, landlords and small-portfolio investors should monitor local trends closely and be prepared to adapt their strategies accordingly. Engaging with local real estate associations or conducting additional research could provide valuable insights into the current state and future direction of this ZIP code's real estate landscape.
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.