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 | $920 |
| 1 Bedroom | $1,090 |
| 2 Bedrooms | $1,270 |
| 3 Bedrooms | $1,580 |
| 4 Bedrooms | $2,020 |
| 5 Bedrooms | $2,343 |
| 6 Bedrooms | $2,624 |
| 7 Bedrooms | $2,834 |
| 8 Bedrooms | $2,976 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,270 | $118,275 | 1.07% | B |
| 3BR | $1,580 | $227,439 | 0.69% | D |
| 4BR | $2,020 | $336,888 | 0.6% | F |
| 5BR | $2,343 | $397,651 | 0.59% | F |
U.S. Census Bureau data (2024)
ZIP code 30230, located in Hogansville, GA, within the Troup County, GA metro area, serves as a cash-flow anchor in a Section 8 portfolio strategy. The Fair Market Rent (FMR) for the area in fiscal year 2024 is set at $1,200, slightly higher than the market rent of $1,195. This indicates that properties in this ZIP code can attract tenants through the Section 8 program without significant financial loss.
The median home value in ZIP 30230 stands at $242,994, which is relatively stable. However, the data shows that the area is experiencing a slight cooling in the real estate market, with a 0.3% price-cut share and no indication of rapid appreciation. Given these conditions, it is unlikely that this ZIP code will serve as an appreciation play, where property values rapidly increase.
With a renter share of 27.8% and a median income of $65,732, ZIP 30230 also offers a degree of diversification within a portfolio. The spread between the FMR and market rent is minimal ($5), ensuring steady cash flow while minimizing the risk of vacancy. The slight premium offered by the FMR over the market rent supports the idea that this ZIP code can be a reliable source of consistent income for landlords and small-portfolio investors.
In conclusion, ZIP 30230 is best suited as a cash-flow anchor within a Section 8 portfolio strategy. The stable median home value and the slight premium of the FMR over the market rent make it an ideal location for securing predictable and stable rental income. While it may not offer significant opportunities for capital appreciation, the reliability of the tenant pool and the consistency of rental income make it a valuable addition to any diversified investment portfolio.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.