Section 8 Fair Market Rent (FMR) for ZIP 31727 - 2027

Location: Tift County, GA | Metro: Tift County, GA

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$840
1 Bedroom	$850
2 Bedrooms	$1,000
3 Bedrooms	$1,250
4 Bedrooms	$1,500
5 Bedrooms	$1,740
6 Bedrooms	$1,949
7 Bedrooms	$2,105
8 Bedrooms	$2,210

To determine if you should buy in ZIP code 31727 for Section 8 investment, follow this decision tree:

Step 1: Debt Service Coverage Ratio (DSCR)

Does the Fair Market Rent (FMR) of $970 cover the debt service on your property?

No: If the FMR does not clear the debt service, then investing in ZIP 31727 is not advisable. The primary income source for Section 8 properties is the government subsidy, which is capped at the FMR. Insufficient rental income means negative cash flow.
Yes: Proceed to Step 2.

Step 2: Market Rent Comparison

Is the market rent above, at, or below the FMR of $970?

Above: If the market rent is higher than $970, consider whether the difference justifies the restrictions of managing a Section 8 property. Non-Section 8 tenants might offer higher rents without the administrative burden.
At or Below: If the market rent is equal to or lower than the FMR, then Section 8 can be a viable option. It ensures a steady stream of income with minimal vacancy risk.

Step 3: Demand Assessment

Are there enough potential renters and days on the market (DOM) to support demand?

Insufficient Demand: If the percentage of renters is low and the DOM is high, it indicates a weak market for rentals. This makes it harder to attract and retain tenants, even under Section 8.
Sufficient Demand: With a healthy percentage of renters and an acceptable DOM, there is likely enough demand to support a Section 8 property. Tenants will be available to fill vacancies promptly.

Note: Specific percentages and DOM values were not provided in the data for ZIP 31727, so precise demand analysis cannot be conducted. However, the general framework above can guide your decision-making process based on the availability of the FMR and market rent data.

Data Sources: FMR data from HUD (2027).

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.