Location: Turner County, GA | Metro: Irwin County, GA
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,020 |
| 1 Bedroom | $1,020 |
| 2 Bedrooms | $1,220 |
| 3 Bedrooms | $1,510 |
| 4 Bedrooms | $1,820 |
| 5 Bedrooms | $2,111 |
| 6 Bedrooms | $2,364 |
| 7 Bedrooms | $2,553 |
| 8 Bedrooms | $2,681 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,510 | $276,649 | 0.55% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 31733, as determined by the U.S. Department of Housing and Urban Development for fiscal year 2026, is set at $1,130. This figure represents the maximum amount that landlords can charge for a Section 8 rental unit in this area. It's important to note that this is not the amount you will be receiving as rent; rather, it's the ceiling for the rent that can be agreed upon between the tenant and the housing authority.
In comparison, the average rent in ZIP 31733, based on recent Census American Community Survey data, is $1,033. This indicates that the FMR for Section 8 rentals is slightly higher than the typical market rate, which could be beneficial for landlords looking to enter into the program.
The 14.3% renter share suggests that nearly one out of every seven households in this ZIP code are renters. This statistic points to a moderate level of demand for rental properties. However, it's crucial to consider that Section 8 tenants have additional criteria they must meet, so the demand might not be as high as the overall renter share suggests.
If you're considering purchasing a property to use as a Section 8 rental, the median home value in ZIP 31733 is around $269,810. This gives you an idea of the acquisition cost for a typical property in the area. Keep in mind that the actual purchase price could vary depending on the condition and location of the property.
Before making the decision to participate in the Section 8 program, verify that your property meets all the required standards for inspection. HUD has specific requirements regarding the condition and safety of the units, and failing to meet these standards can result in penalties or disqualification from the program.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.