Section 8 Fair Market Rent (FMR) for ZIP 31561 - 2027

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

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,490
1 Bedroom	$1,670
2 Bedrooms	$2,070
3 Bedrooms	$2,470
4 Bedrooms	$2,910
5 Bedrooms	$3,376
6 Bedrooms	$3,781
7 Bedrooms	$4,083
8 Bedrooms	$4,287

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

Median Household Income

$250,001

Housing Units

373

Renter Percentage

N/A

Occupancy Rate

10.7%

Renter Occupied

Housing Authorities Serving ZIP 31561

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

To determine if you should buy in ZIP code 31561 for Section 8 investments, follow this decision tree:

1) Does FMR $1710 (ZIP FY 2024) clear debt service on a $4,292,111 property?

No. The Fair Market Rent (FMR) of $1710 would not be sufficient to cover the debt service on a property valued at $4,292,111. Debt service typically includes mortgage payments, property taxes, insurance, and maintenance costs. At this valuation, even with multiple units, the rental income based on FMR would fall short.

2) Is market rent N/A (N/A) above, at, or below FMR?

The data indicates that market rent is not available for this ZIP code, making it impossible to compare against the FMR. This lack of information poses a significant risk as it is unclear whether the market supports rents at or above the FMR level.

3) Are 0.0% renters + N/A-day DOM enough demand?

No. With 0.0% of the population identified as renters, there is insufficient demand for rental properties in this area. Additionally, the Days on Market (DOM) is not available, which means there's no data on how quickly rental units are being leased. This combination suggests low tenant interest and difficulty in filling vacancies.

Based on the provided data, the answer to buying in ZIP 31561 for Section 8 purposes is clear: No. The FMR does not support the debt service on a property of that value, there is no available market rent data to assess competitiveness, and the rental demand appears to be too low to justify investment.

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.