Location: Randolph County, GA | Metro: Stewart County, GA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $820 |
| 1 Bedroom | $820 |
| 2 Bedrooms | $1,020 |
| 3 Bedrooms | $1,280 |
| 4 Bedrooms | $1,480 |
| 5 Bedrooms | $1,717 |
| 6 Bedrooms | $1,923 |
| 7 Bedrooms | $2,077 |
| 8 Bedrooms | $2,181 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 39867 in fiscal year 2024 is set at $890. This figure represents the maximum amount that a landlord can charge for rent under the Section 8 program, which is a federal subsidy designed to help low-income families afford housing. It's important to note that this is the payment standard, not necessarily the rent you will receive, as it does not include utilities or other allowances.
In ZIP 39867, there is no specific data available for the average market rent, but we can infer that the FMR of $890 serves as a benchmark for what is considered a reasonable rent price for subsidized housing units. Given that 38.9% of the residents are renters, there is a significant demand for affordable housing options, making Section 8 rentals a viable choice for landlords looking to fill vacancies.
The median household income in this area is $163,297, which might initially seem high, but it’s important to understand that this reflects the overall economic profile of the area. The actual tenants in Section 8 properties will be those who qualify based on lower income thresholds relative to the FMR. This means that while the acquisition cost of a property might be influenced by the higher median income, the rent collected through Section 8 will still adhere to the $890 limit.
Before committing to a Section 8 rental, one critical factor to verify is the physical condition of the property. HUD requires that all Section 8 homes meet specific housing quality standards (HQS) to ensure they are safe and habitable for tenants. These standards cover everything from structural integrity to basic amenities like working plumbing and electrical systems. Ensuring your property meets these criteria is essential to avoid delays in the approval process and potential penalties for non-compliance.
To summarize, the FMR of $890 in ZIP 39867 sets the ceiling for rent payments under the Section 8 program. With a strong renter population and a competitive demand for affordable housing, Section 8 can be a stable option for landlords. However, the success of such an investment hinges on the property meeting HQS requirements, so this must be verified before proceeding.
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.