Location: Butts 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 | $1,440 |
| 1 Bedroom | $1,500 |
| 2 Bedrooms | $1,630 |
| 3 Bedrooms | $1,940 |
| 4 Bedrooms | $2,310 |
| 5 Bedrooms | $2,680 |
| 6 Bedrooms | $3,002 |
| 7 Bedrooms | $3,242 |
| 8 Bedrooms | $3,404 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,630 | $239,131 | 0.68% | D |
| 3BR | $1,940 | $270,736 | 0.72% | D |
| 4BR | $2,310 | $331,637 | 0.7% | D |
| 5BR | $2,680 | $408,637 | 0.66% | D |
U.S. Census Bureau data (2024)
ZIP code 30248, located in Locust Grove, GA within the Butts County, GA HUD Metro FMR Area, presents an interesting profile when compared to typical ZIP codes in the same metro area. The Fair Market Rent (FMR) for ZIP 30248 is set at $1860 for fiscal year 2024, which is notably lower than the average market rent of $2,076. This suggests that properties in 30248 may be undervalued relative to the broader market, making it a potential value pocket for landlords and small-portfolio investors.
The median home value in ZIP 30248 stands at $326,243, which is likely reflective of the overall housing market conditions in Butts County. However, the key metric here is the renter share, which is 15.8%. This percentage is indicative of a moderate presence of renters in the area, but the combination of a relatively high renter share with below-average market rents can signal a favorable environment for Section 8 properties. Typically, higher renter shares with lower home values might suggest areas where government-assisted housing programs play a significant role, potentially attracting more tenants who qualify for such assistance.
To conclude, ZIP 30248 appears to be a value pocket within the Butts County, GA HUD Metro FMR Area. It offers lower FMRs and market rents compared to the average, while maintaining a reasonable renter share. This makes it an attractive location for investors looking to capitalize on the Section 8 program, as the lower rents may indicate a higher likelihood of finding eligible tenants without compromising on the property's value too much.
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.