Location: Thomas County, GA | Metro: Colquitt County, GA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $910 |
| 1 Bedroom | $950 |
| 2 Bedrooms | $1,040 |
| 3 Bedrooms | $1,350 |
| 4 Bedrooms | $1,560 |
| 5 Bedrooms | $1,810 |
| 6 Bedrooms | $2,027 |
| 7 Bedrooms | $2,189 |
| 8 Bedrooms | $2,298 |
U.S. Census Bureau data (2024)
The market in ZIP code 31765 presents a dynamic environment that is indicative of certain trends within the housing sector. The Fair Market Rent (FMR) for the area, set at $1,040 for fiscal year 2026, is established by HUD as a benchmark for rental costs. However, the actual market rent, according to Census ACS data, is significantly lower at $775. This discrepancy suggests that the rental market is currently experiencing downward pressure, possibly due to an oversupply of rental units or a shift in local economic conditions.
The median home value of $173,765 indicates a relatively affordable market for homeownership, but it does not provide enough context to determine whether supply outpaces demand or vice versa without additional data on sales volumes and price changes over time. The missing percentage for price-cut share and days on market (DOM) could imply a stable market where significant price adjustments are rare, or it might suggest that such data is not readily available, which can be a limitation when assessing market conditions.
A noteworthy figure is the 19.2% renter share, which tells us that nearly one-fifth of the population in ZIP 31765 is renting their homes. This statistic points to a persistent long-term housing pressure, as a higher proportion of renters often indicates challenges for first-time homebuyers or individuals who cannot afford to purchase a home. It also suggests that there is a continuous demand for rental properties, which landlords and small-portfolio investors should consider when evaluating potential returns and investment strategies.
In summary, ZIP 31765 offers a snapshot of a market where rental prices are below the FMR, suggesting a competitive rental environment. The high renter share indicates ongoing pressure for affordable housing options, which could benefit investors looking to capitalize on the demand for rentals. However, the lack of detailed metrics on home sales dynamics limits a comprehensive analysis of whether supply or demand is the dominant force in this market.
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.