Location: Hinesville, GA | Metro: Hinesville, GA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,360 |
| 1 Bedroom | $1,390 |
| 2 Bedrooms | $1,550 |
| 3 Bedrooms | $2,020 |
| 4 Bedrooms | $2,470 |
| 5 Bedrooms | $2,865 |
| 6 Bedrooms | $3,209 |
| 7 Bedrooms | $3,466 |
| 8 Bedrooms | $3,639 |
U.S. Census Bureau data (2024)
The ZIP code 31309 stands out due to its unique mix of economic indicators. With only 480 residents, it has a rental rate of 18.6%, indicating a predominantly owner-occupied area. The median income of $100,450 suggests a relatively affluent community, while the median home value of $251,255 reflects the high cost of homeownership in this region.
Section 8 voucher economics in ZIP 31309 are favorable for landlords. The Fair Market Rent (FMR) for the area is set at $970 for fiscal year 2024, significantly higher than the market rent of $775 as reported by the Census Bureau's American Community Survey. This means that landlords who accept vouchers can expect to receive above-market rents, which can be beneficial for covering maintenance costs and property taxes.
The data signature for ZIP 31309 reads as stable. The high median income and home values suggest a consistent economic environment where residents are likely to maintain their properties and pay their rents or mortgages on time. Additionally, the low percentage of renters indicates a strong preference for homeownership, which typically correlates with lower turnover rates and greater stability in housing markets.
Landlords and small-portfolio investors should consider the following when deciding to accept Section 8 vouchers:
In conclusion, ZIP 31309 presents a stable environment for real estate investment, particularly for those interested in the benefits of Section 8 vouchers. The higher FMR compared to market rent provides a compelling reason for landlords to participate in the program, ensuring steady and above-average rental income.
Data Sources: FMR data from HUD (2027). 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.