Location: Colquitt County, GA | Metro: Albany, GA MSA
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 | $870 |
| 1 Bedroom | $910 |
| 2 Bedrooms | $1,020 |
| 3 Bedrooms | $1,390 |
| 4 Bedrooms | $1,680 |
| 5 Bedrooms | $1,949 |
| 6 Bedrooms | $2,183 |
| 7 Bedrooms | $2,358 |
| 8 Bedrooms | $2,476 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,390 | $195,663 | 0.71% | D |
U.S. Census Bureau data (2024)
The real estate market in ZIP code 31768 is poised for stability and cautious optimism over the next 12 to 24 months, given the current median home value of $150,123. This figure, combined with the fact that only 0.2% of listings have been reduced, indicates a seller's market where pricing power remains firmly in the hands of homeowners. The negligible reduction rate suggests that most properties are selling close to their asking price, or at least without significant discounts. However, the median days on market (DOM) being listed as N/A could imply either very quick sales or an irregularity in reporting, both of which would support the notion of a strong seller's position.
On the rental side, the Forward Moving Rent (FMR) for ZIP 31768 is set at $950 for fiscal year 2024, a marked increase from the current market rent of $773 as reported by the Census ACS. This gap signals potential upward pressure on rents, especially if the FMR accurately reflects future demand and cost trends. Landlords and small-portfolio investors can expect to see rents rise towards the FMR level, assuming the local economy supports such increases.
For long-term investors, the setup in ZIP 31768 offers a realistic appreciation thesis. The combination of stable home values, low listing reductions, and rising rents points to a growing demand for housing in the area. As rents approach the FMR, they will likely attract more renters, thereby increasing the desirability of the region and potentially driving up property values. The current median home value and rental income levels suggest that properties in this ZIP code are undervalued relative to their potential earning capacity and market value growth.
In conclusion, the data paints a picture of a market where sellers hold considerable power due to low listing reductions and stable home values. Investors should take note of the potential for rental income to grow towards the FMR, indicating a positive outlook for cash flow and property value appreciation. While the exact trajectory cannot be determined, the current indicators strongly suggest a favorable environment for long-term investment in ZIP 31768.
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.