Location: Colquitt County, GA | Metro: Colquitt County, GA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $760 |
| 1 Bedroom | $770 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,190 |
| 4 Bedrooms | $1,560 |
| 5 Bedrooms | $1,810 |
| 6 Bedrooms | $2,027 |
| 7 Bedrooms | $2,189 |
| 8 Bedrooms | $2,298 |
U.S. Census Bureau data (2024)
28.2% of residents in ZIP code 31722 are renters, indicating a significant demand for rental properties. $115,830 is the median home value, which provides a benchmark for property values in the area. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $970, reflecting the government's assessment of what constitutes a reasonable rent for a modest-quality dwelling. In contrast, the actual market rent, as reported by the Census Bureau's American Community Survey (ACS), stands at $871, suggesting that landlords can potentially command higher rents through Section 8 participation.
$54,167 is the median income level in ZIP 31722, which is important for understanding the economic profile of the area and the potential earning capacity of tenants. Although the days on market (DOM) and the percentage of price-cut shares are not available, these figures typically provide insights into the speed at which properties sell and the frequency of price adjustments, respectively. Given the established FMR and the current market rent, there is a clear opportunity for landlords to leverage the Section 8 program to secure stable rental income.
The difference between the FMR and the market rent—$97 vs. $871—means that landlords who accept Section 8 tenants could see an increase in their rental revenue. This discrepancy also indicates that the local rental market may be somewhat underserved by affordable housing options, making it an attractive environment for Section 8 participation. Landlords can benefit from the guaranteed income stream provided by the government subsidy, while still charging rents that are above the average market rate.
In ZIP 31722, the presence of a notable renter population and the gap between market rents and FMRs point towards a favorable landscape for Section 8 properties. The program ensures a steady influx of tenants and minimizes the risk of vacancy, which is particularly beneficial in a market where 28.2% of the population relies on rentals. With the median income being $54,167, the financial eligibility criteria for Section 8 tenants are likely met by a substantial portion of the local population, further supporting the viability of such investments.
Verdict: ZIP 31722 presents a strong case for Section 8 investment, with a significant renter base and a favorable FMR-market rent differential.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.