Section 8 Fair Market Rent (FMR) for ZIP 31743 - 2027

Location: Sumter County, GA | Metro: Albany, GA MSA

Investment Score for ZIP 31743

N/A

Monthly Rent (2BR)

$1,230

Median Price (2BR)

$N/A

1% Rule

Annual Yield

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,050
1 Bedroom	$1,070
2 Bedrooms	$1,230
3 Bedrooms	$1,620
4 Bedrooms	$1,960
5 Bedrooms	$2,274
6 Bedrooms	$2,547
7 Bedrooms	$2,751
8 Bedrooms	$2,889

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
3BR	$1,620	$77,528	2.09%	A+

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

419

Median Household Income

$41,667

Housing Units

215

Renter Percentage

13.0%

Occupancy Rate

64.2%

Renter Occupied

The ZIP code 31743, located in Georgia, offers a unique opportunity for real estate investors interested in the Section 8 housing market. This rural area has a distinct set of characteristics that can influence investment decisions.

The Fair Market Rent (FMR) for ZIP 31743 in fiscal year 2024 is set at $1210, which represents the maximum amount that a landlord can charge for a rental property under the Section 8 program.
Market rent data is currently unavailable for ZIP 31743, indicating a lack of comprehensive rental listings or recent transactions that could provide a benchmark for market rates.
The median home value in the area is $74,421, suggesting that properties are relatively affordable compared to other regions in the United States.
Renters make up 13.0% of the population, indicating a smaller but still significant demand for rental properties.
The median income in ZIP 31743 is $41,667, which is below the national average and suggests that many residents may qualify for Section 8 assistance.

Given the low median home values and the fair market rent set by HUD, landlords and small-portfolio investors in ZIP 31743 can expect to manage properties that offer good returns relative to their purchase price. The limited availability of market rent data, however, poses a challenge in accurately assessing the competitive landscape. With a lower percentage of renters and median income levels indicative of a high eligibility rate for Section 8, there is potential for steady occupancy and predictable cash flows. However, the success of investments will heavily rely on the ability to navigate the Section 8 program's requirements and regulations effectively.

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.