Location: Jeff Davis County, GA | Metro: Coffee County, GA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $800 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,190 |
| 4 Bedrooms | $1,450 |
| 5 Bedrooms | $1,682 |
| 6 Bedrooms | $1,884 |
| 7 Bedrooms | $2,035 |
| 8 Bedrooms | $2,137 |
U.S. Census Bureau data (2024)
The ZIP code 31532 stands out with a unique set of characteristics that distinguish it from other areas. It has a population of 802 residents, with 19.1% renting their homes, indicating a relatively small but significant rental market. The median income for households in this ZIP code is $48,520, while the median home value is $175,589, reflecting a moderate cost of living environment.
When it comes to Section 8 vouchers, the economic landscape in ZIP 31532 presents an interesting opportunity. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $970, which is notably higher than the current market rent of $803 based on Census ACS data. This means that landlords who participate in the Section 8 program can potentially command rents that are above the current market average, thereby increasing their revenue per unit.
The data signature for ZIP 31532 suggests a stable market. With a steady rental percentage and a reasonable gap between the market rent and the FMR, there is little indication of rapid change or volatility. However, the potential for increased rental income through Section 8 vouchers could be seen as a transitional factor, as it might encourage more landlords to accept vouchers to capitalize on the higher FMR rates. For small-portfolio investors looking to diversify their rental properties, ZIP 31532 offers a balanced mix of stability and opportunity.
Given these factors, landlords in ZIP 31532 should consider the benefits of participating in the Section 8 program. The higher FMR compared to the actual market rent provides a financial incentive to attract tenants who have vouchers, without significantly compromising on the overall occupancy rate. This strategic move could help stabilize cash flows and improve property management efficiency, especially in a ZIP code where the rental market is already a substantial component of the housing landscape.
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.