Location: Irwin County, GA | Metro: Coffee County, GA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $780 |
| 1 Bedroom | $920 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,390 |
| 4 Bedrooms | $1,670 |
| 5 Bedrooms | $1,937 |
| 6 Bedrooms | $2,169 |
| 7 Bedrooms | $2,343 |
| 8 Bedrooms | $2,460 |
U.S. Census Bureau data (2024)
The ZIP code 31512 presents an interesting scenario for both renters and landlords. With a median household income of $49,547, the average resident faces challenges in affording the market rate rent of $669. This figure is derived from the latest Census American Community Survey (ACS) data.
Comparatively, the Federal Market Rent (FMR) standard for the metro area in fiscal year 2026 is set at $970. This means that the government subsidy through housing vouchers aims to cover a higher rent amount than what the typical household can afford on its own. The difference between the market rate and the voucher payment highlights a significant affordability gap in the area.
Given that only 14.2% of the 2,032 residents are renters, competition among landlords is relatively low. However, the limited number of renters also means that attracting tenants who can pay the market rate may be difficult without offering competitive benefits such as amenities or location advantages.
The takeaway for landlords considering voucher versus cash-pay strategies is clear: while voucher recipients can pay up to $970, securing tenants who can afford the market rate of $669 might require additional efforts to attract and retain them. Vouchers provide a guaranteed source of income, albeit at a lower rate than the FMR, and reduce the risk of unpaid rent. Landlords should weigh the benefits of steady, government-backed rental income against the potential for higher cash rents from market-rate paying tenants.
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.