Location: Rome, GA | Metro: Rome, GA MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $840 |
| 1 Bedroom | $970 |
| 2 Bedrooms | $1,200 |
| 3 Bedrooms | $1,570 |
| 4 Bedrooms | $1,580 |
| 5 Bedrooms | $1,833 |
| 6 Bedrooms | $2,053 |
| 7 Bedrooms | $2,217 |
| 8 Bedrooms | $2,328 |
The analysis of ZIP code 30172 in Rome, Georgia, reveals several key points regarding its suitability for Section 8 real-estate investments.
First, does the rent math work? The Fair Market Rent (FMR) for ZIP 30172 in fiscal year 2024 is set at $1100. However, the absence of specific market rent data makes it challenging to draw a direct comparison. Landlords should be aware that the FMR is designed to cover the cost of housing for low-income families and may not align perfectly with market rates, which can vary significantly based on property quality and location.
Second, is acquisition affordable? Without specific figures for median home values, days on market (DOM), and the percentage of homes needing price cuts, it's difficult to provide a precise assessment. Generally, lower median home values and shorter DOM periods indicate an easier and potentially less expensive acquisition process. A higher percentage of homes requiring price reductions could also present opportunities for bargain purchases, but these factors are currently unknown for ZIP 30172.
Third, is there tenant demand? Again, without specific population and renter share percentages, we cannot provide exact numbers. However, tenant demand is crucial for the success of any rental property, especially those participating in the Section 8 program. High renter shares suggest a strong market for rentals, which is beneficial for maintaining occupancy levels and ensuring steady income.
Verdict: While ZIP 30172 offers a defined FMR of $1100, critical data such as market rent, median home value, days on market, and renter share percentages are missing. This lack of detail makes it impossible to definitively assess the financial viability of acquiring properties in this area for Section 8 investment. Landlords and investors must seek out comprehensive local real estate and demographic reports to make informed decisions about potential investments in this ZIP code. Without these specifics, caution is advised due to the uncertainty surrounding market conditions and tenant demand.
Data Sources: FMR data from HUD (2027).
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.