Location: Columbus, GA | Metro: Columbus, GA-AL HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,240 |
| 1 Bedroom | $1,280 |
| 2 Bedrooms | $1,470 |
| 3 Bedrooms | $1,950 |
| 4 Bedrooms | $2,280 |
| 5 Bedrooms | $2,645 |
| 6 Bedrooms | $2,962 |
| 7 Bedrooms | $3,199 |
| 8 Bedrooms | $3,359 |
To classify ZIP 31995 in Unknown, GA, we need to analyze the available data points on yield and stability. The primary figure for yield analysis comes from the Fair Market Rent (FMR), which is set at $1310 for the fiscal year 2024. However, there's limited information regarding the local market rent and home values, both marked as N/A. This suggests that while there is a known government benchmark for rental pricing, specific market dynamics are less clear.
Moving onto stability indicators, the percentage of renters, average days on market (DOM), and median income are all listed as N/A. Without these figures, it's challenging to gauge the stability of the rental market in ZIP 31995. Typically, a higher percentage of renters and lower DOM indicate a stable market, while median income can provide insight into the financial health of potential tenants.
Given the data, ZIP 31995 appears to be neither a high-yield/low-stability market nor a steady-cashflow zone. The presence of the FMR suggests some level of guaranteed minimum rent, but without comparative market rent figures, it's difficult to determine if there's an opportunity for significant yield above the FMR. Similarly, the lack of data on the percentage of renters, DOM, and median income makes it impossible to assess the stability of the market accurately.
In conclusion, based on the available information, ZIP 31995 is best classified as an area with limited data, leaning towards a moderate scenario where the market is neither clearly high-yield nor particularly stable. Landlords and small-portfolio investors should seek additional local insights to make informed decisions about investment in this ZIP code.
Data Sources: FMR data from HUD (2027).
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.