Section 8 Fair Market Rent (FMR) for ZIP 31764 - 2027

Investment Score for ZIP 31764

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	$910
1 Bedroom	$920
2 Bedrooms	$1,170
3 Bedrooms	$1,440
4 Bedrooms	$1,680
5 Bedrooms	$1,949
6 Bedrooms	$2,183
7 Bedrooms	$2,358
8 Bedrooms	$2,476

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
3BR	$1,440	$145,387	0.99%	C

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Based on the available data, ZIP 31764, located in Sumter County, GA, serves well as a diversifier within a Section 8 portfolio strategy. The median home value of $129,389 is relatively low, making it an attractive area for rental properties. Given the state's Fair Market Rent (FMR) for ZIP 31764 in fiscal year 2024 is set at $1260, the gap between this figure and the average market rent of $578 is significant. This spread indicates that properties in this area can be rented out at rates above the market average but still within the bounds of Section 8 allowances, thus providing a stable cash flow.

The ZIP code's median income of $86,573 suggests a moderate economic environment, which supports the idea of diversification. Landlords and small-portfolio investors should consider the 11.9% renter share in the area, indicating a steady demand for rental properties. While the area does not show strong appreciation potential, with no data available on price-cut shares or days on market (DOM), it offers a reliable base for a diversified real estate investment strategy.

A Section 8 portfolio anchored in ZIP 31764 would benefit from the stable income provided by the higher-than-market average rental rates allowed under the program. This makes it an excellent choice for investors seeking consistent cash flow without the volatility associated with rapidly appreciating markets. Additionally, the lower median home value means that the initial investment required to enter this market is relatively modest, further enhancing its appeal as a diversifier.

In conclusion, ZIP 31764 is best suited as a diversifier within a Section 8 portfolio due to its stable economic conditions, moderate renter share, and the ability to generate reliable cash flow through rental properties priced within the FMR guidelines.

Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.