Location: Stewart County, GA | Metro: Stewart County, GA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $960 |
| 1 Bedroom | $1,000 |
| 2 Bedrooms | $1,140 |
| 3 Bedrooms | $1,520 |
| 4 Bedrooms | $1,670 |
| 5 Bedrooms | $1,937 |
| 6 Bedrooms | $2,169 |
| 7 Bedrooms | $2,343 |
| 8 Bedrooms | $2,460 |
U.S. Census Bureau data (2024)
The ZIP code 31821 presents an interesting scenario for both renters and landlords alike. Given the median income is listed as N/A, it's challenging to assess the financial capability of households to cover the market rate rent, which is also listed as N/A. However, we can draw some insights based on the available information.
Affordability becomes a critical issue when considering the Fair Market Rent (FMR) set at $990 for ZIP 31821 in fiscal year 2024. This figure represents the voucher payment standard, indicating the maximum amount a voucher holder can be expected to pay towards their housing costs. In comparison, if the market rate were known and significantly higher than $990, it would suggest a notable affordability gap for renters without vouchers.
With only 21.7% of the population renting and a total population of 112, the rental market in ZIP 31821 is quite small. This limited demand means that landlords face stiff competition to attract tenants. The affordability gap between potential market rates and the voucher standard of $990 could make voucher tenants particularly attractive to landlords, as they provide a guaranteed source of income through the Housing Choice Voucher program.
For landlords considering their strategy regarding voucher versus cash-paying tenants, the takeaway is clear. While cash-paying tenants might offer higher rents, the certainty and stability provided by voucher payments could outweigh the risks associated with finding and retaining financially stable non-voucher tenants in a competitive and small rental market.
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.