Location: Pierce County, GA | Metro: Bacon County, GA
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 | $800 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,400 |
| 4 Bedrooms | $1,460 |
| 5 Bedrooms | $1,694 |
| 6 Bedrooms | $1,897 |
| 7 Bedrooms | $2,049 |
| 8 Bedrooms | $2,151 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,400 | $195,155 | 0.72% | D |
U.S. Census Bureau data (2024)
The ZIP code 31510 presents a favorable environment for landlords looking to attract Section 8 tenants. With a population of 9,685, nearly one-third (34.4%) of residents are renters, indicating a significant demand for rental properties. This makes it a renter-heavy ZIP code, ideal for those interested in housing assistance programs.
The median household income in 31510 is $45,958, which provides a useful benchmark for assessing the financial capacity of potential tenants. The average market rent in this area stands at $746 per month, representing approximately 16.2% of the median income. This percentage suggests that the majority of renters can afford the typical rent without severe strain on their budget.
Comparing the market rent to the Fair Market Rent (FMR) of $980, which is set for fiscal year 2026, landlords have some flexibility in pricing. The current market rent is below the FMR, meaning landlords could potentially increase their rates closer to the FMR while still remaining competitive and attractive to voucher holders.
A landlord in ZIP 31510 should expect tenants who are likely to be low-income individuals and families, many of whom rely on housing vouchers. These tenants will benefit from the $746 market rent being well below the FMR, allowing them to secure housing with their vouchers and possibly contribute additional funds towards rent.
To summarize, 31510 is a renter-heavy ZIP code with a strong demand for rental units, particularly those that can accommodate Section 8 vouchers. Given the median income and current market rents, tenants are expected to spend around 16.2% of their income on rent, leaving room for landlords to adjust their rates upwards without deterring voucher users. This area is suitable for landlords willing to work with government-assisted tenants, ensuring a steady stream of rental income and occupancy.
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.