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 | $830 |
| 1 Bedroom | $1,020 |
| 2 Bedrooms | $1,190 |
| 3 Bedrooms | $1,470 |
| 4 Bedrooms | $1,930 |
| 5 Bedrooms | $2,239 |
| 6 Bedrooms | $2,508 |
| 7 Bedrooms | $2,709 |
| 8 Bedrooms | $2,844 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,190 | $116,549 | 1.02% | B |
| 3BR | $1,470 | $237,438 | 0.62% | D |
| 4BR | $1,930 | $356,863 | 0.54% | F |
| 5BR | $2,239 | $509,125 | 0.44% | F |
U.S. Census Bureau data (2024)
With a Fair Market Rent (FMR) of $1220 for ZIP 30240 (Lagrange, GA) in fiscal year 2024, landlords can expect to align their rental pricing closely with the government benchmark to attract Section 8 tenants. The Zillow Observed Rent Index (ZORI) stands at $1,320, indicating a slight premium over the FMR for market-rate rentals. Given the median home value of $249,636, it's evident that the area is affordable for both renters and buyers. With 40.2% of residents being renters, there is a significant demand for rental properties. The median income of $61,584 suggests that residents have sufficient earnings to cover rental costs, making the area viable for rental investments. The Days on Market (DOM) figure of 36 days shows that properties are selling relatively quickly, which could be indicative of a healthy real estate market. Furthermore, the price-cut share of 0.2% implies that sellers are not frequently having to lower their asking prices, another positive sign for the local real estate climate.
The rental market in Lagrange, GA, is robust, with the FMR and ZORI providing a clear range for pricing units to cater to both Section 8 and market-rate tenants. The high renter share combined with a quick DOM and low price-cut share supports the notion that rental properties will perform well. However, the median income, while adequate, is not exceptionally high, so landlords must ensure their rents remain competitive. For small-portfolio investors, this ZIP code presents an opportunity to diversify with a mix of Section 8 and market-rate rentals, given the strong demand and reasonable property values.
Based on the data, Lagrange, GA, is a suitable market for Section 8 investments, with favorable conditions for both rental performance and property sales.
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.