Location: Jeff Davis County, GA | Metro: Ben Hill County, GA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $910 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,370 |
| 4 Bedrooms | $1,660 |
| 5 Bedrooms | $1,926 |
| 6 Bedrooms | $2,157 |
| 7 Bedrooms | $2,330 |
| 8 Bedrooms | $2,447 |
U.S. Census Bureau data (2024)
The ZIP code 31519 stands out within its county due to a unique combination of factors: a relatively small population of 3,126 residents, where 24.8% of them rent their homes. The median income here is $36,834, which is indicative of a modest economic base. Despite this, the median home value in ZIP 31519 is notably high at $175,057, suggesting that homeownership is valued and maintained at a higher cost relative to the local income levels.
Turning to the economics of Section 8 vouchers, the Fair Market Rent (FMR) for the metro area for fiscal year 2026 is set at $970. This is significantly higher than the current market rent, which according to the Census ACS, averages $634. This disparity means that landlords participating in the Section 8 program can potentially charge more for rental properties compared to the standard market rate, thereby increasing their revenue streams. However, it also implies that there might be an underutilization of vouchers due to the limited number of affordable units available at the lower market rate.
The data signature for ZIP 31519 reads as transitional. While the median home value suggests stability in property values, the income levels and the gap between FMR and market rent indicate a shifting landscape. Landlords should remain vigilant about these trends, as they could impact the demand for rental properties and the effectiveness of the Section 8 program in the area. The potential for higher rents through Section 8 vouchers provides an opportunity for landlords to capitalize on government assistance programs while serving a growing need for affordable housing.
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.