Location: Turner County, GA | Metro: Ben Hill County, GA
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 | $800 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,230 |
| 4 Bedrooms | $1,420 |
| 5 Bedrooms | $1,647 |
| 6 Bedrooms | $1,845 |
| 7 Bedrooms | $1,993 |
| 8 Bedrooms | $2,093 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,230 | $213,166 | 0.58% | F |
U.S. Census Bureau data (2024)
53571 In ZIP 31783, the median income stands at $53,571, providing a baseline for evaluating the financial health of potential tenants. 183906 The median home value is $183,906, indicating the general cost of housing in the area. 623 Market rent, as per Census ACS data, is set at $623, which is significantly below the Fair Market Rent (FMR) of 970 $970 for the metro area in fiscal year 2026. This gap suggests an opportunity for landlords to potentially increase rental income while still being competitive in the local market. 169 Renter share is 16.9%, showing that a substantial portion of the population in this ZIP code relies on renting for their housing needs.
970 With the FMR at $970, landlords can expect to receive this amount per unit through the Section 8 program, which is notably higher than the current market rent. 623 However, it's important to note that the actual market rent is $623, reflecting the current demand and supply dynamics. 183906 Given the median home value of $183,906, it's clear that property values in this area are relatively stable and affordable, making it an attractive location for small-portfolio investors looking to diversify their holdings.
N/A The lack of data on days on market (DOM) and the percentage of homes that have been discounted indicates either a very efficient real estate market or a data collection issue. Regardless, the disparity between the market rent and the FMR presents a compelling case for landlords to consider participating in the Section 8 program. 970 At $970 per unit, the guaranteed income through Section 8 can provide stability and predictability in rental income, especially when compared to the volatile nature of the private rental market.
970 Verdict: ZIP 31783 is a viable option for Section 8 participation, given the favorable FMR relative to market rents and the stable housing values.
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.