Location: Cook County, GA | Metro: Cook County, GA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,030 |
| 1 Bedroom | $1,030 |
| 2 Bedrooms | $1,290 |
| 3 Bedrooms | $1,690 |
| 4 Bedrooms | $1,700 |
| 5 Bedrooms | $1,972 |
| 6 Bedrooms | $2,209 |
| 7 Bedrooms | $2,386 |
| 8 Bedrooms | $2,505 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 31627 reveals a unique balance between yield potential and market stability, making it an interesting area for real-estate investment, particularly for those interested in Section 8 properties.
On the yield axis, the Federal Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,290, while the market rent stands at $1,150. This indicates that Section 8 properties can potentially outperform the general market by $140 per unit, offering a higher rental income for landlords who qualify under the program. The lack of data on home values suggests that flipping properties might not be the most profitable strategy here, as there's insufficient information to gauge appreciation potential.
Moving to the stability axis, the ZIP code shows a significant 44.2% of residents are renters, which is a positive indicator for demand. However, the absence of days on market (DOM) data implies uncertainty about how quickly properties can be rented out. The median household income of $29,500 aligns well with the income limits for Section 8 eligibility, ensuring a consistent tenant pool.
Based on these figures, ZIP 31627 leans towards being a steady-cashflow zone rather than a high-yield/low-stability flip-style market. The primary driver for this classification is the higher FMR compared to market rent, coupled with a substantial percentage of renters, which guarantees a stable demand for rental properties. While the income figure supports the viability of Section 8 tenants, the missing DOM data introduces some risk regarding the speed of property turnover.
To conclude, landlords and small-portfolio investors should focus on long-term rental strategies, leveraging the higher FMR to ensure steady cash flow. The strong presence of renters in the area ensures a reliable tenant base, but investors must be prepared for potential delays in finding new tenants due to the lack of data on DOM.
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.