Location: Mitchell County, GA | Metro: Colquitt County, GA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $840 |
| 1 Bedroom | $930 |
| 2 Bedrooms | $1,020 |
| 3 Bedrooms | $1,390 |
| 4 Bedrooms | $1,630 |
| 5 Bedrooms | $1,891 |
| 6 Bedrooms | $2,118 |
| 7 Bedrooms | $2,287 |
| 8 Bedrooms | $2,401 |
U.S. Census Bureau data (2024)
The analysis for ZIP code 31730 reveals a significant opportunity for landlords and small-portfolio investors through the Section 8 program. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,000, while the current market rent, according to Census ACS data, stands at $803. This creates a gap of $197, or 24.5%, where the FMR exceeds the market rent.
This discrepancy means that voucher tenants can offer a higher yield for properties in this ZIP code. Landlords who participate in the Section 8 program can benefit from receiving rental payments closer to the FMR, which is above the open-market rate. In essence, landlords can secure rents at $1,000 per unit, rather than the lower market rate, thereby increasing their cash flow and profitability.
The broader context of ZIP 31730 supports this analysis. With 45.6% of residents being renters, there is a substantial demand for affordable housing. Additionally, the median home value of $157,415 indicates that homeownership is relatively accessible, but rental properties still play a critical role in the local housing market. The median income of $58,500 further emphasizes the need for subsidized housing options, making the Section 8 program particularly relevant for this demographic.
To summarize, the gap between the FMR and market rent in ZIP 31730 presents a clear advantage for landlords and investors willing to engage with the Section 8 program. By renting to voucher holders, they can capitalize on a yield that is $197 higher than the current market rate, translating into a 24.5% increase in rental income. This aligns well with the ZIP code's characteristics, ensuring a steady stream of tenants who can afford the rent due to government subsidies.
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.