Location: Savannah, GA | Metro: Savannah, GA MSA
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 | $1,310 |
| 1 Bedroom | $1,380 |
| 2 Bedrooms | $1,520 |
| 3 Bedrooms | $2,020 |
| 4 Bedrooms | $2,300 |
| 5 Bedrooms | $2,668 |
| 6 Bedrooms | $2,988 |
| 7 Bedrooms | $3,227 |
| 8 Bedrooms | $3,388 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,520 | $255,205 | 0.6% | F |
| 3BR | $2,020 | $305,183 | 0.66% | D |
| 4BR | $2,300 | $377,844 | 0.61% | D |
| 5BR | $2,668 | $444,718 | 0.6% | F |
U.S. Census Bureau data (2024)
1360 is the Fair Market Rent (FMR) for ZIP code 31326, Rincon, GA, set for fiscal year 2024. This figure represents the maximum amount a landlord can charge for a Section 8 voucher in the area. In contrast, the market rent, also known as ZORI, stands at 2011 dollars, indicating a significant gap between what the government deems fair and the actual rental prices landlords can command. The median home value in Rincon, GA, is 337186 dollars, suggesting a relatively stable housing market. However, with a 28.0 percent renter share, it's clear that a considerable portion of the population relies on renting rather than owning homes. Landlords should note that the median income in the area is 83145 dollars, which might affect the pool of potential tenants eligible for Section 8 vouchers. Rental properties in this ZIP code experience an average of 50 days on the market before securing a tenant, a metric that highlights the balance between supply and demand. Additionally, the price-cut share is a modest 0.3 percent, implying that most listings find tenants without needing to lower their asking price. Given these numbers, landlords in Rincon, GA, should carefully consider the economics of accepting Section 8 vouchers, weighing the guaranteed payments against the potentially higher market rents. The verdict on Section 8 participation in ZIP 31326 is that it remains a viable option for landlords seeking stability, though they must be prepared to accept lower rents compared to the market.
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.