Location: Columbus, GA | Metro: Auburn-Opelika, AL HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $860 |
| 1 Bedroom | $1,070 |
| 2 Bedrooms | $1,180 |
| 3 Bedrooms | $1,460 |
| 4 Bedrooms | $1,690 |
| 5 Bedrooms | $1,960 |
| 6 Bedrooms | $2,195 |
| 7 Bedrooms | $2,371 |
| 8 Bedrooms | $2,490 |
U.S. Census Bureau data (2024)
The ZIP code 36870 presents several challenges for landlords considering Section 8 investments. Tenant turnover is a significant issue, with the market rent at $1,804 being notably higher than the Fair Market Rent (FMR) of $1,100 for fiscal year 2024. This disparity suggests that tenants eligible for Section 8 may struggle to afford additional costs beyond the subsidized portion, leading to frequent moves and increased vacancy rates. The average Days on Market (DOM) for properties in this area is 20 days, which is relatively short but still leaves room for financial strain during vacancies. Landlords must also be prepared for deferred maintenance, as the typical home value of $238,688 contrasts sharply with the median household income of $72,500. This gap implies that homeowners and potential renters may prioritize other expenses over timely repairs, increasing the likelihood of maintenance issues.
Despite these risks, the high concentration of renters in ZIP 36870—comprising 19.3% of the population—indicates strong demand for rental housing, particularly among those who might rely on Section 8 vouchers. High renter density can translate into a robust pool of potential tenants, reducing the time needed to fill vacancies and ensuring a steady stream of applications. Moreover, the presence of many voucher holders can stabilize cash flow, as the government pays a portion of the rent directly to landlords, mitigating some of the financial uncertainties associated with traditional rentals.
Verdict: Moderate risk for a first-time Section 8 landlord.
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.