Location: Ware County, GA | Metro: Valdosta, GA MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $830 |
| 1 Bedroom | $830 |
| 2 Bedrooms | $1,080 |
| 3 Bedrooms | $1,430 |
| 4 Bedrooms | $1,730 |
| 5 Bedrooms | $2,007 |
| 6 Bedrooms | $2,248 |
| 7 Bedrooms | $2,428 |
| 8 Bedrooms | $2,549 |
U.S. Census Bureau data (2024)
The ZIP code 31631, located within Ware County, GA, presents a unique snapshot when compared against the broader county metrics. Its Fair Market Rent (FMR) stands at $890 for fiscal year 2024, a figure that provides insight into the rental affordability within this area. Notably, the market rent for this ZIP code is not available, which could indicate either a lack of sufficient data or an anomaly in the local real estate market.
The median home value in 31631 is listed at $98,013, which is significantly lower than what might be expected in a larger metropolitan area. This suggests that 31631 leans towards being a value pocket within its metro, offering lower-cost housing options compared to surrounding areas. The low home values can also point to a potentially less affluent demographic, which is further supported by the high renter share of 19.9%. This percentage is substantial and typically indicates a mix of renters who may include those reliant on government assistance such as Section 8 vouchers.
Given the absence of market rent data and the presence of a notable renter share alongside relatively low home values, it's reasonable to infer that 31631 is a location where Section 8 tenants might find suitable housing. The FMR of $890 aligns well with the economic conditions suggested by the median home value, making it a practical option for both landlords and voucher holders.
In conclusion, ZIP 31631 appears to be a value pocket within Ware County, GA. It offers affordable housing opportunities with a significant portion of its residents being renters, likely including those who benefit from federal housing assistance programs. Landlords and small-portfolio investors should consider the potential for steady occupancy rates among Section 8 tenants due to the alignment between the FMR and the economic profile of 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.