Location: Polk County, GA | Metro: Atlanta-Sandy Springs-Roswell, GA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,010 |
| 1 Bedroom | $1,050 |
| 2 Bedrooms | $1,240 |
| 3 Bedrooms | $1,530 |
| 4 Bedrooms | $1,740 |
| 5 Bedrooms | $2,018 |
| 6 Bedrooms | $2,260 |
| 7 Bedrooms | $2,441 |
| 8 Bedrooms | $2,563 |
U.S. Census Bureau data (2024)
Taylorsville, Georgia, located in ZIP code 30178, stands out in Bartow County with a population of 4,442 residents, where 18.2% of the population rents their homes. The median income for residents is $68,916, reflecting a moderate economic status within the community. Notably, the median home value in Taylorsville is significantly higher at $375,417, indicating that homeownership is a substantial investment in this area.
The economics of Section 8 vouchers in Taylorsville reveal an interesting disparity between the Federal Market Rent (FMR) and the actual market rent. For fiscal year 2024, the FMR for the ZIP is set at $1,110, which is notably lower than the Census-reported market rent of $1,319. This suggests that landlords who accept Section 8 vouchers in Taylorsville may face a shortfall when compared to the typical rental rates in the area. However, the lower FMR also implies that there is a potential opportunity for landlords to offer slightly more affordable rents while still maintaining a reasonable profit margin.
Evaluating the overall data signature of Taylorsville, it appears to be a stable market. The relatively low percentage of renters indicates a strong preference for homeownership, supported by the high median home value. This stability can be beneficial for landlords and small-portfolio investors as it suggests a consistent demand for rental properties, even if the returns might be slightly less than the market average due to the FMR restrictions.
In conclusion, Taylorsville presents a balanced environment for real estate investments, particularly for those interested in the Section 8 program. With a median home value of $375,417 and a median income of $68,916, the market is stable, and the voucher economics, while presenting some challenges, also offer opportunities for landlords willing to work within the system's parameters.
Data Sources: FMR data from HUD (2027). 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.