Section 8 Fair Market Rent (FMR) for ZIP 31622 - 2027

Location: Berrien County, GA | Metro: Berrien County, GA

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$800
1 Bedroom	$800
2 Bedrooms	$1,000
3 Bedrooms	$1,380
4 Bedrooms	$1,550
5 Bedrooms	$1,798
6 Bedrooms	$2,014
7 Bedrooms	$2,175
8 Bedrooms	$2,284

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

1,844

Median Household Income

$51,522

Housing Units

880

Renter Percentage

23.4%

Occupancy Rate

81.1%

Renter Occupied

167

The ZIP code 31622, located in Valdosta, Georgia, offers a stable market for landlords and small-portfolio investors. The area is characterized by a mix of residential properties, including both rental units and owner-occupied homes.

The Fair Market Rent (FMR) for a two-bedroom apartment in the metro area for fiscal year 2026 is set at $980, providing a benchmark for rental pricing.
The actual market rent for the area, based on Census ACS data, stands at $623, indicating a potential gap between market rates and the FMR.
The median home value in ZIP 31622 is $188,007, which can influence property values and investment decisions.
Renters make up 23.4% of the population, suggesting a moderate demand for rental housing.
The median income for residents is $51,522, offering insight into the financial capacity of potential tenants.
Note that the days on market (DOM) data is currently N/A, which could be due to limited recent sales activity.

Investors looking to enter the Valdosta market should consider the discrepancy between the FMR and actual market rents, as it suggests opportunities for price adjustments. With a median home value of $188,007, the area reflects a modest investment environment, suitable for those seeking stability rather than high appreciation. The 23.4% renter share indicates a steady but not overwhelming demand for rentals, while the median income provides a basis for setting realistic rent prices that align with local affordability. The lack of DOM data might imply a slower-moving market, which could benefit long-term investors looking for less speculative opportunities. Overall, ZIP 31622 presents a conservative yet promising investment landscape for those interested in consistent, low-risk returns.

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.