Location: Albany, GA | Metro: Albany, GA MSA
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $870 |
| 1 Bedroom | $910 |
| 2 Bedrooms | $1,020 |
| 3 Bedrooms | $1,390 |
| 4 Bedrooms | $1,680 |
| 5 Bedrooms | $1,949 |
| 6 Bedrooms | $2,183 |
| 7 Bedrooms | $2,358 |
| 8 Bedrooms | $2,476 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,390 | $102,826 | 1.35% | A |
U.S. Census Bureau data (2024)
ZIP code 39826, located within the Albany, GA MSA, exhibits characteristics that position it as a value pocket within its metropolitan area. The Fair Market Rent (FMR) for ZIP 39826 in fiscal year 2024 is set at $890, which is notably higher than the average market rent of $708. This suggests that the government's rental subsidy rates are above what the market typically charges, potentially making it an attractive location for tenants receiving housing assistance.
The median home value in ZIP 39826 stands at $98,302, significantly lower than the typical home values found in other ZIP codes within the Albany, GA MSA. This low home value, combined with a relatively high renter share of 32.2%, indicates that this area is likely more affordable and may attract a higher proportion of renters who rely on Section 8 vouchers or other forms of rental assistance.
To further contextualize, let's examine how these figures compare to the broader MSA. In the Albany, GA MSA, the typical ZIP codes have higher home values and lower FMRs relative to market rents. The disparity between the FMR and market rent in ZIP 39826 suggests that landlords in this area can receive higher subsidies for their properties compared to the actual market rates, which can be advantageous for those participating in the Section 8 program.
A key indicator of a potential Section 8 sweet spot is the combination of a high renter share and below-average home values. ZIP 39826 fits this profile, with its 32.2% renter share being above average for the region and its home values well below the typical levels. This makes it an ideal candidate for landlords looking to maximize their participation in the Section 8 program without the need for extensive property improvements or maintenance costs associated with higher-value homes.
In summary, ZIP 39826 presents itself as a value pocket within the Albany, GA MSA, offering opportunities for landlords to benefit from higher subsidy rates while serving a larger-than-average population of renters. Its low home values and high renter share make it a strategic choice for investors seeking to capitalize on the Section 8 program within a more affordable housing market segment.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.