JeffCroweCRE

Housing market/Georgia/ZIP 31705

ACS 2023 · FY2027 SAFMR

ZIP 31705 Albany, Mitchell County, Georgia

Mitchell County, GA · Georgia. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.

Population
30,866
Households
10,469
Median HH income
$37,210
Renter share
49.8%
Median gross rent
$852
Vacancy
18.4%
Pop. change
-5.0%
2BR SAFMR
$1,020
SAFMR / rent
1.197×
2–49 unit stock
2,378
LIHTC proj / units
11 / 709
HUD assisted MF
5 / 283

ZIP brief

Email this profile

HUD schedule, ACS stock, and the 90–110% band for ZIP 31705 · GA — sent to you.

ZIP 31705 · GA

By checking this box you agree that you may be referred to another real estate broker or related service and acknowledge that CENTURY 21 The Avenues licensees and/or affiliates may be paid a valuable consideration for facilitating such referral.

ACS rent vs 2BR SAFMR

ZIP 31705 — Albany, GA HUD Section 8 Payment Standards / SAFMR →
ACS median rent$852
2BR SAFMR$1,020
90% floor$918
110% ceiling$1,122

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 31705

  • 1-unit detached7,83261.0%
  • 1-unit attached3342.6%
  • 2–4 units1,64912.9%
  • 5–49 units7295.7%
  • 50+ units1661.3%
  • Mobile2,11916.5%
TypeUnitsShare
1-unit detached7,83261.0%
1-unit attached3342.6%
2 units (duplex)9657.5%
3–4 units6845.3%
5–9 units6405.0%
10–19 units890.7%
20–49 units00.0%
50+ units1661.3%
Mobile2,11916.5%

2–4 unit share 12.9% · 5–49 unit share 5.7% · combined 2–49 18.5%.

Units by bedrooms

Studio
67
1BR
659
2BR
3,185
3BR
7,537
4BR
1,131
5+
250

Rent burden

Rent ≥30% of income59.1%
Rent ≥50% of income41.6%
  • ACS median gross rent $852 (all bedrooms, occupied rentals).
  • Median contract rent $577.
  • Renters paying ≥30% of income 59.1%; ≥50% 41.6%.
  • FY2027 2BR SAFMR $1,020 (1.197× ACS median gross rent).

Population

30,866 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: -5.0%.

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: 11 projects, 709 units.
  • HUD project-based assisted MF: 5 properties, 283 assisted units.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 2 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.

Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.

What the data shows

ZIP 31705 49.8% of occupied households are renters; vacancy is 18.4%; ACS median gross rent is $852; population changed -5.0% between the 2018 and 2023 ACS vintages; the housing stock includes 1,649 units in 2–4-unit structures and 729 units in 5–49-unit structures; 11 LIHTC projects totaling 709 units; FY2027 2BR SAFMR is $1,020 versus ACS median gross rent of $852. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.

ZIP 31705 — Albany, GA HUD Section 8 Payment Standards / SAFMR·Georgia ZIP directory

Nearby ZIPs in this FMR area

ZIPPlaceRentersMed. rent2BR SAFMR
31716Mitchell County, GA16.6%$792$1,00031730Mitchell County, GA45.1%$790$1,02031744Mitchell County, GA32.4%$873$1,15031784Mitchell County, GA17.1%$684$1,000

Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Georgia research. Brokerage is Georgia.

FAQ

What is the housing market like in ZIP 31705?

ZIP 31705 (Mitchell County, GA) has 30,866 residents, 10,469 households, a renter share of 49.8%, median household income of $37,210, and ACS 2023 median gross rent of $852. Vacancy is 18.4%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 31705?

ACS counts 965 units in 2-unit buildings, 684 in 3–4 unit buildings, 640 in 5–9, 89 in 10–19, and 0 in 20–49. Combined 2–49 unit stock is 2,378 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 31705?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,020. See the full schedule and 90–110% payment-standard band on the ZIP 31705 — Albany, GA HUD Section 8 Payment Standards / SAFMR.