Section 8 Fair Market Rent (FMR) for ZIP 31523 - 2027

Location: Brunswick-St. Simons, GA | Metro: Brunswick-St. Simons, GA MSA

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,080
1 Bedroom	$1,210
2 Bedrooms	$1,500
3 Bedrooms	$1,790
4 Bedrooms	$2,110
5 Bedrooms	$2,448
6 Bedrooms	$2,742
7 Bedrooms	$2,961
8 Bedrooms	$3,109

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

15,402

Median Household Income

$88,988

Housing Units

5,934

Renter Percentage

14.7%

Occupancy Rate

95.5%

Renter Occupied

831

Housing Authorities Serving ZIP 31523

Housing Authority of the City of Brunswick (Brunswick, GA) - 763 Section 8 vouchers

The Brunswick, GA area, specifically ZIP code 31523, is a vibrant community located along the coast, known for its natural beauty and proximity to beaches. This region offers a blend of residential tranquility and access to urban amenities, making it attractive for both residents and investors. Here's a concise breakdown of key market indicators:

Fair Market Rent (FMR): The Fair Market Rent for ZIP 31523 in fiscal year 2024 is set at $1270, reflecting the government's assessment of what is considered affordable for low-income families.
Market Rent: According to Census ACS data, the average market rent in the area stands at $988, indicating that there is potential for rental properties to be priced above the average if they offer premium features or locations.
Median Home Value: The median home value in ZIP 31523 is $329,180, which suggests that the housing market is moderately priced, offering opportunities for investment in both single-family homes and rental properties.
Renter Share: Renter share in the area is 14.7%, meaning nearly one out of every seven households rents their residence, indicating a stable but not overwhelming demand for rental properties.
Median Income: With a median household income of $88,988, the area supports a diverse economic base, capable of sustaining a range of rental prices and property types.

The combination of a moderate median home value and a slightly below-average renter share suggests that while there is opportunity in the rental market, competition may be present. The disparity between the Fair Market Rent and the actual market rent indicates potential for pricing flexibility, especially for higher-quality units. Given the median income level, investors can target a broad demographic, ensuring steady demand for rental properties. Overall, ZIP 31523 presents a balanced market with room for strategic investments in rental properties that cater to affordability and quality.

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.