Location: Coffee County, GA | Metro: Atkinson County, GA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $810 |
| 1 Bedroom | $820 |
| 2 Bedrooms | $1,070 |
| 3 Bedrooms | $1,270 |
| 4 Bedrooms | $1,540 |
| 5 Bedrooms | $1,786 |
| 6 Bedrooms | $2,000 |
| 7 Bedrooms | $2,160 |
| 8 Bedrooms | $2,268 |
U.S. Census Bureau data (2024)
The ZIP code 31642 stands out due to its unique demographic and economic characteristics. With a population of 4,617 residents, it has a rental rate of 37.9%, indicating a significant portion of the community relies on rented housing. The median income here is $41,574, which is notably lower than the median home value of $126,468, suggesting that homeownership is less accessible to many residents.
The dynamics of Section 8 vouchers in ZIP 31642 are particularly interesting. The Fair Market Rent (FMR) for the metro area for fiscal year 2026 is set at $1,060. However, the current market rent, as per the Census ACS, is only $680. This disparity means that landlords accepting Section 8 vouchers can expect higher rents compared to the local market average, potentially making it a more attractive option despite the administrative requirements.
Evaluating the overall data signature, ZIP 31642 appears to be in a transitional phase. The relatively high median home value contrasts with the lower median income, pointing towards a growing divide between renters and owners. Additionally, the gap between FMR and market rent indicates potential for increased rental activity among subsidized tenants, which could further influence the local housing market.
Landlords and small-portfolio investors should consider these factors when deciding whether to participate in the Section 8 program. While the higher voucher amounts can offset some of the challenges associated with the program, the transitional nature of the ZIP code suggests that ongoing monitoring of local economic conditions and housing trends will be crucial for success.
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.