Location: Wayne County, GA | Metro: Brunswick-St. Simons, GA MSA
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $940 |
| 1 Bedroom | $1,000 |
| 2 Bedrooms | $1,170 |
| 3 Bedrooms | $1,400 |
| 4 Bedrooms | $1,720 |
| 5 Bedrooms | $1,995 |
| 6 Bedrooms | $2,234 |
| 7 Bedrooms | $2,413 |
| 8 Bedrooms | $2,534 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,400 | $223,791 | 0.63% | D |
U.S. Census Bureau data (2024)
The ZIP code 31543, located in Georgia, has a median household income of $50,181. Given this figure, it becomes crucial to analyze whether the local renters can afford the market rate rental prices. However, due to the lack of specific market rate data for this area, we must rely on other available information to draw conclusions.
According to the Fair Market Rent (FMR) standards set by the U.S. Department of Housing and Urban Development for fiscal year 2024, the voucher payment standard for ZIP 31543 is $900. This means that a household receiving a housing voucher would be expected to pay up to $900 per month for rent. If the market rate is higher than this amount, the affordability gap for renters could be significant.
The ZIP code has a relatively low percentage of renters at 7.1%, which suggests that homeownership might be more prevalent in this area. With a total population of 4,935, landlords might find themselves competing in a smaller pool of potential tenants, particularly if market rates exceed the voucher payment standard.
To understand the implications for landlords, consider that if the market rate is indeed higher than $900, households relying on vouchers will struggle to find suitable rentals. This scenario could lead to increased competition among landlords who accept vouchers, potentially affecting their ability to charge premium rents. On the other hand, landlords who cater to cash-paying tenants might face less competition but must ensure that their rental prices align with the financial capabilities of the local population.
The takeaway for landlords is clear: accepting Section 8 vouchers can be a strategic choice, especially in areas where the majority of the population cannot afford higher market rates. By setting rental prices closer to the FMR of $900, landlords can tap into a reliable source of income while providing affordable housing options. However, those who aim for higher returns should carefully assess the local economic conditions and the willingness of cash-paying tenants to meet higher rental demands.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.