Location: Cook County, GA | Metro: Valdosta, 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 | $960 |
| 1 Bedroom | $970 |
| 2 Bedrooms | $1,250 |
| 3 Bedrooms | $1,660 |
| 4 Bedrooms | $1,980 |
| 5 Bedrooms | $2,297 |
| 6 Bedrooms | $2,573 |
| 7 Bedrooms | $2,779 |
| 8 Bedrooms | $2,918 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,660 | $256,382 | 0.65% | D |
| 4BR | $1,980 | $354,146 | 0.56% | F |
| 5BR | $2,297 | $537,147 | 0.43% | F |
U.S. Census Bureau data (2024)
The yield for ZIP 31632 is calculated by comparing the Fair Market Rent (FMR) of $1,480 for the fiscal year 2024 against the market rent of $1,930. Given that the median home value is $300,073, the difference between FMR and market rent suggests a potential for higher-than-average returns on investment if the property is rented at market rates. This indicates a relatively high-yield environment.
Stability is assessed through several factors: the percentage of renters (16.9%), the days on market (DOM) for properties (46 days), and the average household income ($83,946). A lower percentage of renters might imply less demand for rental properties, but a shorter DOM could indicate a competitive market where homes are sold quickly. The income figure helps gauge the economic health of the area; however, it's important to note that a 16.9% rental rate is quite low, which may affect the overall stability of the rental market.
Combining these factors, ZIP 31632 appears to be a market that offers a balance between yield and stability. It is not a high-yield/low-stability "flip-style" market, nor is it purely a steady-cashflow zone. Instead, it presents opportunities for both short-term flipping and long-term investment, depending on the strategy chosen by landlords and small-portfolio investors.
To further clarify the classification, additional data points such as historical trends in rental rates and home values, vacancy rates, and local economic conditions would be beneficial. Nonetheless, the current figures suggest a moderate-risk environment with decent potential for financial returns.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.