Location: Camden 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 | $1,010 |
| 2 Bedrooms | $1,170 |
| 3 Bedrooms | $1,540 |
| 4 Bedrooms | $1,800 |
| 5 Bedrooms | $2,088 |
| 6 Bedrooms | $2,339 |
| 7 Bedrooms | $2,526 |
| 8 Bedrooms | $2,652 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,170 | $225,675 | 0.52% | F |
| 3BR | $1,540 | $370,774 | 0.42% | F |
| 4BR | $1,800 | $510,140 | 0.35% | F |
U.S. Census Bureau data (2024)
The ZIP code 31565, located in Waverly, Georgia, stands out within Camden County due to its unique demographic and economic characteristics. With a population of 2,409 residents, it has a relatively low rental rate of 7.7%, indicating that the majority of households prefer homeownership. The median income in this area is $61,778, which is above the national average, suggesting financial stability among its residents. Additionally, the median home value of $380,135 reflects a strong local real estate market, further supporting the preference for owning property over renting.
When considering Section 8 vouchers, the Fair Market Rent (FMR) for ZIP 31565 in fiscal year 2024 is set at $900, while the market rent, according to the Census American Community Survey (ACS), is slightly higher at $936. This means that landlords who accept Section 8 vouchers can expect to receive a monthly rental payment that is nearly equivalent to the market rate, minimizing any financial loss they might incur. However, it's important to note that the demand for rental units in this ZIP code is likely lower due to the high homeownership rate, which could affect the number of available tenants.
The data signature for ZIP 31565 reads as stable. The combination of a high median income and a robust median home value indicates a community that is financially secure and unlikely to experience significant changes in the near future. Moreover, the slight difference between the FMR and the actual market rent suggests that the housing market is well-regulated and not prone to sudden fluctuations. For landlords and small-portfolio investors, this ZIP code presents a reliable environment where the risks associated with accepting Section 8 vouchers are minimized, thanks to the economic stability of the area.
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.