Location: Stewart County, GA | Metro: Stewart County, GA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $880 |
| 1 Bedroom | $900 |
| 2 Bedrooms | $1,040 |
| 3 Bedrooms | $1,380 |
| 4 Bedrooms | $1,530 |
| 5 Bedrooms | $1,775 |
| 6 Bedrooms | $1,988 |
| 7 Bedrooms | $2,147 |
| 8 Bedrooms | $2,254 |
U.S. Census Bureau data (2024)
The ZIP code 31814 is located in a rural area of Georgia, primarily encompassing parts of the city of Cuthbert and surrounding areas. This neighborhood is characterized by a small population of 10,000 residents, indicating a tight-knit community with limited commercial activity. Notably, there are no renters reported in the population data, which suggests that homeownership is prevalent in this region. The median household income and median home value data are not available, leaving gaps in understanding the economic health and housing affordability of the area.
Transitioning into the specifics of rental economics, the Fair Market Rent (FMR) for ZIP 31814 as of the fiscal year 2024 is set at $890. This figure represents the maximum amount that a Section 8 tenant can pay towards their housing costs, including rent and utilities. However, without comparative data on market rent and the overall rental landscape, it's challenging to assess how competitive this FMR is against private rentals in the area.
Given the absence of renters in the population data and the lack of detailed market rent information, ZIP 31814 seems to be better suited for a hands-off voucher operator rather than a hands-on value-add buyer. The limited rental market suggests that opportunities for active property management and improvements might be constrained. For hands-off operators, the presence of Section 8 tenants could provide a steady stream of income with minimal turnover risk, assuming the demand for subsidized housing remains consistent in this rural setting.
To make a more informed decision, potential investors should seek additional data on the local rental market, including vacancy rates, rental trends, and the number of households eligible for Section 8 assistance. This will help clarify whether the $890 FMR aligns with the actual rental environment and if there is sufficient demand to support Section 8 properties.
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.