Section 8 Fair Market Rent (FMR) for ZIP 30147 - 2027

Location: Polk County, GA | Metro: Rome, GA MSA

Investment Score for ZIP 30147

N/A

Monthly Rent (2BR)

$1,110

Median Price (2BR)

$N/A

1% Rule

Annual Yield

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$770
1 Bedroom	$890
2 Bedrooms	$1,110
3 Bedrooms	$1,450
4 Bedrooms	$1,470
5 Bedrooms	$1,705
6 Bedrooms	$1,910
7 Bedrooms	$2,063
8 Bedrooms	$2,166

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
3BR	$1,450	$230,818	0.63%	D
5BR	$1,705	$133,223	1.28%	A

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

4,657

Median Household Income

$61,351

Housing Units

2,040

Renter Percentage

28.8%

Occupancy Rate

86.6%

Renter Occupied

509

The ZIP code 30147, located in Georgia, is a residential area that offers a mix of housing options suitable for both homeowners and renters. It has seen steady demand for affordable housing units, making it an attractive location for those interested in Section 8 properties or general rental investments.

The Fair Market Rent (FMR) for a two-bedroom apartment in ZIP 30147 for fiscal year 2024 is set at $1100. This figure reflects the maximum amount that a tenant receiving Section 8 assistance can pay towards rent, providing landlords with a benchmark for pricing their units.
The average market rent for properties in this area, according to the latest Census American Community Survey (ACS), stands at $919. This indicates that rental rates are slightly below the FMR, suggesting potential opportunities for landlords to increase rents while remaining competitive.
The median home value in ZIP 30147 is $196,602. This relatively low value can be advantageous for investors looking to acquire property at a lower cost compared to other areas in Georgia.
Renters make up 28.8% of the total population in this ZIP code. This significant portion of the population highlights a strong demand for rental properties, which could be particularly beneficial for Section 8 housing.
The median household income in the area is $61,351. This figure suggests that while there is a moderate income level, it also indicates a need for affordable housing options, aligning well with Section 8 programs.

Synthesizing these points, ZIP 30147 presents a viable investment opportunity for landlords and small-portfolio investors, especially those interested in Section 8 properties. The demand for affordable housing is evident from the substantial renter share and median income levels. While the current market rent is below the FMR, there's room to adjust pricing closer to the FMR without losing tenants. The lower median home values provide a cost-effective entry point for acquiring rental properties. Overall, the area supports a stable rental market with a clear need for affordable housing solutions, making it a sound choice for real estate investments.

Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.