Location: Tift County, GA | Metro: Berrien County, GA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $800 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,310 |
| 4 Bedrooms | $1,470 |
| 5 Bedrooms | $1,705 |
| 6 Bedrooms | $1,910 |
| 7 Bedrooms | $2,063 |
| 8 Bedrooms | $2,166 |
U.S. Census Bureau data (2024)
The ZIP code 31637 is located in a suburban neighborhood characterized by a relatively small population of 3,217 residents. The area has a modest rental market share, with 21.9% of the population being renters. This indicates that it's primarily a homeownership-driven community, but there is still a significant segment of tenants. The median household income in this region stands at $65,391, suggesting a middle-class demographic. The median home value of $157,588 reflects an affordable housing market, which is typical for many suburban areas.
Turning to the rent economics, the Fair Market Rent (FMR) for ZIP 31637 in the metro area for fiscal year 2026 is set at $970. In contrast, the current market rent, according to the Census ACS, is $867. This discrepancy between the FMR and the actual market rent presents an opportunity for investors. Landlords can potentially charge rents close to the FMR, thereby attracting tenants who benefit from Section 8 vouchers, while still maintaining rates above the current market average.
Given these conditions, ZIP 31637 could be a suitable investment for both hands-off voucher operators and hands-on value-add buyers. For hands-off operators, the potential to charge rents near the FMR without the need for extensive property improvements makes it an attractive option. Meanwhile, value-add buyers might find opportunities to improve properties slightly and increase rental income closer to the FMR, leveraging the existing demand for affordable housing.
In summary, ZIP 31637 offers a balanced environment where investors can capitalize on the Section 8 program's financial support while catering to a middle-income, predominantly homeowner-focused community. The difference between the FMR and market rent provides a margin for profit, making it a viable choice for both passive and active real estate strategies.
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.