Location: Wayne County, GA | Metro: Wayne County, GA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $760 |
| 1 Bedroom | $770 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,250 |
| 4 Bedrooms | $1,620 |
| 5 Bedrooms | $1,879 |
| 6 Bedrooms | $2,104 |
| 7 Bedrooms | $2,272 |
| 8 Bedrooms | $2,386 |
U.S. Census Bureau data (2024)
The market in ZIP code 31599 is currently defined by its Federal Market Rent (FMR) of $1,020, set for fiscal year 2026. This figure provides a benchmark for the area's rental costs, reflecting the government's assessment of what constitutes a fair market rate. However, the absence of data on market rent, days on market (DOM), and median home value suggests a limited availability of comprehensive real estate metrics, which could indicate either a nascent market or one that is less frequently analyzed.
The FMR alone points towards an affordable rental market, but without comparative data on actual market rents, it's challenging to ascertain whether supply significantly outpaces demand or vice versa. The lack of information on price-cut shares also means we cannot directly gauge how often landlords are having to reduce their asking prices to attract tenants, which would be a key indicator of supply exceeding demand.
With the renter share percentage unspecified, it's difficult to draw conclusions about the long-term housing pressures in the area. Typically, a higher renter share can signal greater housing pressure, as more individuals and families are unable to secure homeownership due to economic constraints or other factors. Conversely, a lower renter share might suggest a stable or growing homeownership market, potentially indicating less pressure on rental properties.
While the available data paints a picture of affordability, the gaps in information highlight the need for further analysis to understand the true dynamics of the ZIP 31599 real estate market. Landlords and small-portfolio investors should consider these limitations when evaluating potential investments or rental strategies in the area.
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.