Section 8 Fair Market Rent (FMR) for ZIP 31513 - 2027

Location: Jeff Davis County, GA | Metro: Appling County, GA

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$830
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

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

16,371

Median Household Income

$46,203

Housing Units

7,547

Renter Percentage

29.5%

Occupancy Rate

84.4%

Renter Occupied

1,880

The analysis of ZIP code 31513 reveals a market that leans towards providing steady cash flow rather than being a high-yield, low-stability flip-style market. This conclusion is driven by the following figures:

Yield Analysis: The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is $970, while the market rent is $738. Given that the median home value is $158,723, the rental income at $738 represents a reasonable return on investment. However, it's not exceptionally high compared to the home value, suggesting a moderate yield potential.

Stability Analysis: With 29.5% of residents being renters, there is a notable demand for rental properties, which supports steady cash flow. Although the number of days on the market (DOM) is not available, the median household income of $46,203 indicates a stable economic base. This level of income suggests that tenants can afford their rent payments consistently, reducing the risk of vacancy and default.

To further classify this market, let's consider the key factors:

Rental Income Potential: The gap between the FMR ($970) and the actual market rent ($738) implies that landlords can potentially increase rents closer to the FMR without significantly deterring tenants, given the income levels.
Vacancy Risk: Without specific data on days on the market, we cannot conclusively assess the vacancy risk. However, the percentage of renters and median income suggest a lower risk of prolonged vacancies.
Economic Stability: The median income figure of $46,203 is a strong indicator of economic stability. Tenants with such income levels are less likely to face financial hardships that could lead to eviction.

In summary, ZIP code 31513 offers a balance between yield and stability. It is not characterized by extremely high yields that might attract short-term flipping strategies, but instead provides a reliable, consistent cash flow for long-term investments. Landlords and small-portfolio investors should find this ZIP code suitable for generating steady returns, provided they manage their properties effectively and keep an eye on local market trends.

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.