Location: Columbus, GA | Metro: Auburn-Opelika, AL HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $810 |
| 1 Bedroom | $970 |
| 2 Bedrooms | $1,070 |
| 3 Bedrooms | $1,350 |
| 4 Bedrooms | $1,540 |
| 5 Bedrooms | $1,786 |
| 6 Bedrooms | $2,000 |
| 7 Bedrooms | $2,160 |
| 8 Bedrooms | $2,268 |
U.S. Census Bureau data (2024)
The classification of ZIP code 36804 reveals a mixed profile that balances both yield and stability considerations for landlords and small-portfolio investors. With a Fair Market Rent (FMR) of $930 for the fiscal year 2024, compared to a market rent of $1,425, the area presents an opportunity for higher rental yields. However, the median home value at $319,417 suggests a substantial investment upfront.
To assess stability, we look at several key metrics. The percentage of renters stands at 22.0%, indicating a moderate demand for rental properties. A 34-day days-on-market (DOM) average signals a reasonably quick turnover rate once a property is listed, which is beneficial for minimizing vacancy periods. Additionally, the average household income of $61,880 supports the ability of residents to afford rents up to $1,425, thereby enhancing the likelihood of timely payments and stable cash flow.
Given these figures, ZIP 36804 does not fall into the high-yield/low-stability category typically associated with 'flip-style' markets. Instead, it represents a middle-ground scenario where there is potential for above-average returns due to the disparity between FMR and market rent, while still maintaining a degree of stability through moderate renter percentages and relatively short DOM times. This balance makes it a suitable option for investors looking to achieve steady cash flow without the risks often associated with highly volatile markets.
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.