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Housing market/Georgia/ZIP 31707

ACS 2023 · FY2027 SAFMR

ZIP 31707 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
23,322
Households
10,982
Median HH income
$49,179
Renter share
56.5%
Median gross rent
$934
Vacancy
13.2%
Pop. change
-10.6%
2BR SAFMR
$1,260
SAFMR / rent
1.349×
2–49 unit stock
5,420
LIHTC proj / units
5 / 341
HUD assisted MF
4 / 76

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 31707 · GA — sent to you.

ZIP 31707 · GA

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ACS rent vs 2BR SAFMR

ZIP 31707 — Albany, GA HUD Section 8 Payment Standards / SAFMR →
ACS median rent$934
2BR SAFMR$1,260
90% floor$1,134
110% ceiling$1,386

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

Housing stock

ACS 2023 units-in-structure · ZCTA 31707

  • 1-unit detached6,65652.6%
  • 1-unit attached2792.2%
  • 2–4 units3,32326.3%
  • 5–49 units2,09716.6%
  • 50+ units2301.8%
  • Mobile670.5%
TypeUnitsShare
1-unit detached6,65652.6%
1-unit attached2792.2%
2 units (duplex)1,2259.7%
3–4 units2,09816.6%
5–9 units1,44311.4%
10–19 units5904.7%
20–49 units640.5%
50+ units2301.8%
Mobile670.5%

2–4 unit share 26.3% · 5–49 unit share 16.6% · combined 2–49 42.8%.

Units by bedrooms

Studio
184
1BR
1,527
2BR
4,288
3BR
5,245
4BR
1,312
5+
96

Rent burden

Rent ≥30% of income43.9%
Rent ≥50% of income26.4%
  • ACS median gross rent $934 (all bedrooms, occupied rentals).
  • Median contract rent $712.
  • Renters paying ≥30% of income 43.9%; ≥50% 26.4%.
  • FY2027 2BR SAFMR $1,260 (1.349× ACS median gross rent).

Population

23,322 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: -10.6%.

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

Assisted inventory

  • LIHTC: 5 projects, 341 units.
  • HUD project-based assisted MF: 4 properties, 76 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 31707 56.5% of occupied households are renters; vacancy is 13.2%; ACS median gross rent is $934; population changed -10.6% between the 2018 and 2023 ACS vintages; the housing stock includes 3,323 units in 2–4-unit structures and 2,097 units in 5–49-unit structures; 5 LIHTC projects totaling 341 units; FY2027 2BR SAFMR is $1,260 versus ACS median gross rent of $934. 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 31707 — Albany, GA HUD Section 8 Payment Standards / SAFMR·Georgia ZIP directory

Nearby ZIPs in this FMR area

ZIPPlaceRentersMed. rent2BR SAFMR
31701Albany, GA MSA64.9%$812$1,05031702Albany, GA MSA——$1,08031703Albany, GA MSA——$1,08031704Albany, GA MSA——$1,02031706Albany, GA MSA——$1,08031708Albany, 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 31707?

ZIP 31707 (Albany, GA MSA) has 23,322 residents, 10,982 households, a renter share of 56.5%, median household income of $49,179, and ACS 2023 median gross rent of $934. Vacancy is 13.2%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 31707?

ACS counts 1,225 units in 2-unit buildings, 2,098 in 3–4 unit buildings, 1,443 in 5–9, 590 in 10–19, and 64 in 20–49. Combined 2–49 unit stock is 5,420 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 31707?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,260. See the full schedule and 90–110% payment-standard band on the ZIP 31707 — Albany, GA HUD Section 8 Payment Standards / SAFMR.