Section 8 Fair Market Rent (FMR) for ZIP 31815 - 2027

Location: Quitman County, GA | Metro: Stewart County, GA HUD Metro FMR Area

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$850
1 Bedroom	$870
2 Bedrooms	$1,000
3 Bedrooms	$1,330
4 Bedrooms	$1,430
5 Bedrooms	$1,659
6 Bedrooms	$1,858
7 Bedrooms	$2,007
8 Bedrooms	$2,107

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

2,792

Median Household Income

$45,417

Housing Units

1,019

Renter Percentage

28.8%

Occupancy Rate

84.8%

Renter Occupied

249

The ZIP code 31815, located in Valdosta, Georgia, is a key area for real estate investment, particularly for those interested in Section 8 housing opportunities. This region offers a mix of affordable housing options and a steady demand from renters.

The Fair Market Rent (FMR) for a two-bedroom apartment in ZIP 31815 for fiscal year 2024 is set at $890.
The average market rent for properties in this area, according to the latest Census ACS data, stands at $525 per month, indicating a significant price gap between market rates and FMR.
The median home value in ZIP 31815 is $88,070, which is considerably lower than the national average, offering a cost-effective entry point for property acquisitions.
Renters make up 28.8% of the total population, suggesting a stable demand for rental properties.
The median household income in the area is $45,417, providing insight into the financial capacity of potential tenants.

In summary, the ZIP 31815 presents a favorable environment for Section 8 investments, given the substantial difference between market rents and FMRs, coupled with a reasonable median home value. The 28.8% renter share indicates a reliable tenant pool, while the median income figure supports the likelihood of timely rent payments. These factors collectively suggest that acquiring properties in this area could be a profitable venture for landlords and small-portfolio investors focused on Section 8 opportunities.

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.