diff --git a/docs/release-notes/version-3.1.md b/docs/release-notes/version-3.1.md
index 1a0daf93f..650770b37 100644
--- a/docs/release-notes/version-3.1.md
+++ b/docs/release-notes/version-3.1.md
@@ -3,6 +3,7 @@
 ### Bug Fixes
 
 * [#7756](https://github.com/netbox-community/netbox/issues/7756) - Fix AttributeError exception when editing an IP address assigned to a FHRPGroup
+* [#7768](https://github.com/netbox-community/netbox/issues/7768) - Validate IP address status when creating a new FHRP group
 * [#7771](https://github.com/netbox-community/netbox/issues/7771) - Group assignment should be optional when creating contacts via REST API
 
 ---
diff --git a/netbox/ipam/forms/models.py b/netbox/ipam/forms/models.py
index 7eda3c38d..2875c5182 100644
--- a/netbox/ipam/forms/models.py
+++ b/netbox/ipam/forms/models.py
@@ -576,6 +576,15 @@ class FHRPGroupForm(BootstrapMixin, CustomFieldModelForm):
 
         return instance
 
+    def clean(self):
+        ip_address = self.cleaned_data['ip_address']
+        ip_status = self.cleaned_data['ip_status']
+
+        if ip_address and not ip_status:
+            raise forms.ValidationError({
+                'ip_status': "Status must be set when creating a new IP address."
+            })
+
 
 class FHRPGroupAssignmentForm(BootstrapMixin, forms.ModelForm):
     group = DynamicModelChoiceField(