Location: Troup County, GA | Metro: Atlanta-Sandy Springs-Roswell, GA HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $880 |
| 1 Bedroom | $920 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,190 |
| 4 Bedrooms | $1,420 |
| 5 Bedrooms | $1,647 |
| 6 Bedrooms | $1,845 |
| 7 Bedrooms | $1,993 |
| 8 Bedrooms | $2,093 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,000 | $184,862 | 0.54% | F |
| 3BR | $1,190 | $261,758 | 0.45% | F |
| 4BR | $1,420 | $333,470 | 0.43% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP 30217 in Franklin, Georgia, for fiscal year 2024 is set at $1060. This figure represents the maximum amount that a landlord can charge a Section 8 tenant for rent, based on HUD's guidelines. It does not mean that all tenants will pay exactly this amount; rather, it serves as an upper limit.
In comparison, the average rent for the area according to the Census Bureau's American Community Survey (ACS) is $887. This indicates that the FMR is higher than the typical market rate, which could be advantageous for landlords participating in the Section 8 program.
With a renter share of 27.0%, there is a significant portion of the population in Franklin, GA, who rely on rental housing. This suggests a steady demand for rental properties, particularly those that cater to low-income families through the Section 8 program.
The median home value in the area is around $256,145. This figure reflects the typical price you might expect to pay when acquiring a property in ZIP 30217. However, it's important to note that this does not necessarily translate into the cost of a rental property. Rental homes are often priced lower due to differences in market dynamics.
Before committing to a Section 8 rental property, verify that the unit meets HUD's Housing Quality Standards (HQS). These standards ensure that the property is safe, decent, and sanitary, which is essential for approval under the program.
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.