Location: Colquitt County, GA | Metro: Colquitt County, GA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $760 |
| 1 Bedroom | $770 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,190 |
| 4 Bedrooms | $1,560 |
| 5 Bedrooms | $1,810 |
| 6 Bedrooms | $2,027 |
| 7 Bedrooms | $2,189 |
| 8 Bedrooms | $2,298 |
The Fair Market Rent (FMR) for ZIP code 31776 in Georgia for fiscal year 2026 is set at $970. This figure represents the maximum amount that a landlord can charge under the Section 8 program for a given unit. It's important to note that this is not the actual rent you'll be setting; it's the benchmark used by the housing authority to determine how much they will pay towards the tenant's rent.
In ZIP 31776, the local median rent is listed as N/A, which unfortunately does not provide a direct comparison to the FMR. However, the percentage of renters in the area is N/A%, indicating a significant portion of the population relies on rental housing. This suggests there could be a robust demand for Section 8 rentals, assuming the program is well-utilized in the area.
The acquisition cost for properties in this region is also listed as N/A. While this doesn't give us an exact price point, it's crucial to understand that the acquisition cost will influence your potential profit margins. If the acquisition cost is lower than the FMR, then participating in the Section 8 program could be financially beneficial.
Before committing to a Section 8 rental property in ZIP 31776, verify that the property meets all the required quality standards set by the housing authority. These standards ensure that the units are safe and habitable for tenants, and failing to meet these criteria can result in penalties or loss of eligibility for the program.
Data Sources: FMR data from HUD (2027).
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.