Section 8 Fair Market Rent (FMR) for ZIP 31315 - 2027

Location: Hinesville, GA | Metro: Hinesville, GA HUD Metro FMR Area

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,540
1 Bedroom	$1,550
2 Bedrooms	$1,760
3 Bedrooms	$2,290
4 Bedrooms	$2,940
5 Bedrooms	$3,410
6 Bedrooms	$3,819
7 Bedrooms	$4,125
8 Bedrooms	$4,331

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

7,580

Median Household Income

$53,500

Housing Units

2,840

Renter Percentage

99.8%

Occupancy Rate

77.0%

Renter Occupied

2,181

The ZIP code 31315 stands out due to its unique characteristics, notably a high concentration of renters and a relatively low median income. With 7,580 residents, this area boasts an impressive 99.8% rental rate, indicating that almost all residents are tenants rather than homeowners. The median income in ZIP 31315 is $53,500, which is significantly lower than the national average and suggests a predominantly middle to lower-middle class demographic.

The absence of a reported median home value underscores the rental dominance in this ZIP code, further supporting the conclusion that homeownership is virtually non-existent here. This situation presents a clear opportunity for landlords and small-portfolio investors interested in a market heavily skewed towards rentals.

Moving to the voucher economics, the Fair Market Rent (FMR) for ZIP 31315 is set at $1,450 for the fiscal year 2024. In comparison, the Census ACS data indicates a market rent of $1,642. This discrepancy means that landlords participating in the Section 8 program can expect a slightly lower rental income compared to the market rate, but still a steady and government-backed revenue stream.

The data signature for ZIP 31315 reads as stable. The high rental rate and the consistent income levels suggest a settled community where changes are unlikely to disrupt the housing market significantly. For investors looking to enter a predictable rental market with a strong demand for affordable housing, ZIP 31315 offers a reliable investment environment.

Summary:

High Rental Rate: 99.8% of residents are renters.
Median Income: $53,500, indicative of a middle to lower-middle class population.
FMR vs Market Rent: $1,450 FMR versus $1,642 market rent, providing a slight discount but a secure income source.
Market Stability: The area appears stable with little indication of transitional shifts.

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.