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Housing market/Georgia/ZIP 31701

ACS 2023 · FY2027 SAFMR

ZIP 31701 Albany, Georgia

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

Population
16,333
Households
7,279
Median HH income
$32,902
Renter share
64.9%
Median gross rent
$812
Vacancy
23.7%
Pop. change
-12.1%
2BR SAFMR
$1,050
SAFMR / rent
1.293×
2–49 unit stock
3,466
LIHTC proj / units
6 / 331
HUD assisted MF
9 / 1,109

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 31701 · GA — sent to you.

ZIP 31701 · GA

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ACS rent vs 2BR SAFMR

ZIP 31701 — Albany, GA HUD Section 8 Payment Standards / SAFMR →
ACS median rent$812
2BR SAFMR$1,050
90% floor$945
110% ceiling$1,155

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

Housing stock

ACS 2023 units-in-structure · ZCTA 31701

  • 1-unit detached5,50557.7%
  • 1-unit attached2993.1%
  • 2–4 units2,25623.7%
  • 5–49 units1,21012.7%
  • 50+ units1581.7%
  • Mobile1071.1%
TypeUnitsShare
1-unit detached5,50557.7%
1-unit attached2993.1%
2 units (duplex)1,56416.4%
3–4 units6927.3%
5–9 units6977.3%
10–19 units2873.0%
20–49 units2262.4%
50+ units1581.7%
Mobile1071.1%

2–4 unit share 23.7% · 5–49 unit share 12.7% · combined 2–49 36.4%.

Units by bedrooms

Studio
291
1BR
1,162
2BR
3,292
3BR
3,732
4BR
951
5+
107

Rent burden

Rent ≥30% of income49.6%
Rent ≥50% of income28.7%
  • ACS median gross rent $812 (all bedrooms, occupied rentals).
  • Median contract rent $523.
  • Renters paying ≥30% of income 49.6%; ≥50% 28.7%.
  • FY2027 2BR SAFMR $1,050 (1.293× ACS median gross rent).

Population

16,333 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: -12.1%.

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

Assisted inventory

  • LIHTC: 6 projects, 331 units.
  • HUD project-based assisted MF: 9 properties, 1,109 assisted units.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 0 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 31701 64.9% of occupied households are renters; vacancy is 23.7%; ACS median gross rent is $812; population changed -12.1% between the 2018 and 2023 ACS vintages; the housing stock includes 2,256 units in 2–4-unit structures and 1,210 units in 5–49-unit structures; 6 LIHTC projects totaling 331 units; FY2027 2BR SAFMR is $1,050 versus ACS median gross rent of $812. 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 31701 — Albany, GA HUD Section 8 Payment Standards / SAFMR·Georgia ZIP directory

Nearby ZIPs in this FMR area

ZIPPlaceRentersMed. rent2BR SAFMR
31702Albany, GA MSA——$1,08031703Albany, GA MSA——$1,08031704Albany, GA MSA——$1,02031706Albany, GA MSA——$1,08031707Albany, GA MSA56.5%$934$1,26031708Albany, GA MSA——$1,08031763Albany, GA MSA28.6%$1,146$1,35031772Albany, GA MSA0.0%—$1,14031781Albany, GA MSA25.3%$1,088$1,24031782Albany, GA MSA——$1,08031791Albany, GA MSA33.1%$781$1,020

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 31701?

ZIP 31701 (Albany, GA MSA) has 16,333 residents, 7,279 households, a renter share of 64.9%, median household income of $32,902, and ACS 2023 median gross rent of $812. Vacancy is 23.7%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 31701?

ACS counts 1,564 units in 2-unit buildings, 692 in 3–4 unit buildings, 697 in 5–9, 287 in 10–19, and 226 in 20–49. Combined 2–49 unit stock is 3,466 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 31701?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,050. See the full schedule and 90–110% payment-standard band on the ZIP 31701 — Albany, GA HUD Section 8 Payment Standards / SAFMR.