Location: Clinch County, GA | Metro: Valdosta, GA MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $910 |
| 1 Bedroom | $920 |
| 2 Bedrooms | $1,200 |
| 3 Bedrooms | $1,600 |
| 4 Bedrooms | $1,960 |
| 5 Bedrooms | $2,274 |
| 6 Bedrooms | $2,547 |
| 7 Bedrooms | $2,751 |
| 8 Bedrooms | $2,889 |
U.S. Census Bureau data (2024)
11.2% of residents in ZIP code 31649 are renters, indicating a moderate demand for rental properties. The Fair Market Rent (FMR) for the area, set at $1090 for zip FY 2024, provides a benchmark for rental pricing, aligning closely with the reported market rent of $943 based on Census ACS data. This suggests that the rental market is fairly priced according to federal guidelines, offering stability for landlords and small-portfolio investors.
$175,962 is the median home value in the area, reflecting a middle-class neighborhood where property values are reasonable and likely to attract first-time buyers and investors looking for affordable entry points. With a median income of $93,980, the local economy supports both homeownership and rental markets, ensuring a steady stream of potential tenants and buyers.
N/A-day DOM (Days on Market) and N/A% price-cut share indicate incomplete data regarding the speed of property sales and the frequency of price reductions. However, given the median home value and the alignment between market rent and FMR, it's reasonable to infer that the real estate transactions in ZIP 31649 are generally smooth without significant delays or price adjustments.
In summary, the rental market in ZIP 31649 is well-aligned with federal standards, supported by a stable local economy, and offers opportunities for both rental income and property appreciation. For landlords and small-portfolio investors, the $1090 FMR serves as a reliable guide for setting rents, while the $175,962 median home value suggests a balanced market for property investment. The $93,980 median income further supports the viability of these investments, ensuring a consistent tenant pool and property buyer base.
Verdict: ZIP 31649 is suitable for Section 8 investments due to its fair market alignment and economic stability.
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.