Location: Talbot County, GA | Metro: Talbot County, GA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $950 |
| 1 Bedroom | $970 |
| 2 Bedrooms | $1,130 |
| 3 Bedrooms | $1,530 |
| 4 Bedrooms | $1,700 |
| 5 Bedrooms | $1,972 |
| 6 Bedrooms | $2,209 |
| 7 Bedrooms | $2,386 |
| 8 Bedrooms | $2,505 |
U.S. Census Bureau data (2024)
The ZIP code 31836 stands out in its county due to a unique combination of factors that influence its real estate market. With a population of just 1,099 residents, it has a relatively low density compared to other areas. Despite this, 20.2% of the residents are renters, indicating a notable demand for rental properties. The median household income in this ZIP is $46,771, which is slightly below the national average, suggesting a moderate economic environment. However, the median home value is significantly higher at $189,239, reflecting a strong housing market.
When it comes to Section 8 vouchers, the Fair Market Rent (FMR) for ZIP 31836 in fiscal year 2024 is set at $890. This figure is notably higher than the current market rent, which is estimated at $683 based on Census ACS data. This discrepancy presents an opportunity for landlords, as the higher FMR can potentially cover the cost of maintaining properties at a standard that meets both market expectations and the requirements of the Section 8 program.
The data suggests that ZIP 31836 is currently in a transitional phase. While the median income is moderate, the high median home value and the disparity between FMR and market rent indicate a dynamic real estate landscape. Landlords and small-portfolio investors should be prepared for fluctuations in demand and pricing as the area continues to evolve. The higher FMR provides a buffer against potential decreases in market rent, making it a stable option for those willing to participate in the Section 8 program.
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.