Section 8 Fair Market Rent (FMR) for ZIP 39854 - 2027

Location: Quitman County, GA | Metro: Stewart County, GA HUD Metro FMR Area

Investment Score for ZIP 39854

Monthly Rent (2BR)

$1,020

Median Price (2BR)

$105,276

1% Rule

0.97%

Annual Yield

11.63%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$810
1 Bedroom	$820
2 Bedrooms	$1,020
3 Bedrooms	$1,270
4 Bedrooms	$1,470
5 Bedrooms	$1,705
6 Bedrooms	$1,910
7 Bedrooms	$2,063
8 Bedrooms	$2,166

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
2BR	$1,020	$105,276	0.97%	C
3BR	$1,270	$198,722	0.64%	D

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

2,436

Median Household Income

$41,536

Housing Units

1,930

Renter Percentage

12.2%

Occupancy Rate

59.5%

Renter Occupied

140

Georgetown, Georgia, located in the coastal region, offers a unique blend of rural charm and access to urban amenities, making it an attractive location for both residents and investors. The area is known for its serene environment and proximity to beaches, which can influence rental demand positively.

The Fair Market Rent (FMR) for ZIP code 39854 in fiscal year 2024 is set at $890, indicating the maximum amount HUD will pay for low-income housing rental assistance.
The market rent, as per the latest Census American Community Survey (ACS), stands at $918, reflecting the average rent paid by tenants in the area.
The median home value in Georgetown is $129,606, which is significantly lower than the national average, making it an affordable option for homeownership.
Renters make up 12.2% of the total population, suggesting a moderate but steady demand for rental properties.
The median household income in the area is $41,536, which is below the national average, potentially impacting the ability of residents to afford higher rents.
The Days on Market (DOM) for rental listings is not available, indicating that the local real estate market might be stable with consistent demand, though exact turnover rates are unclear.

Given the data points, investors should note that the rental market in Georgetown, GA, is moderately priced with a fair market rent slightly below the actual market rent, suggesting a balanced but slightly competitive environment. The relatively low median home value indicates that the area is affordable for potential homeowners, which could attract a mix of renters and buyers. With a median income under the national average, landlords must be mindful of setting rents that align with the financial capabilities of their tenant pool. The moderate renter share suggests a stable but not booming rental market, making careful property selection crucial for maximizing returns. Overall, Georgetown presents a viable investment opportunity for those looking to enter a modestly valued real estate market with a focus on affordability and quality of life.

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.