Section 8 Fair Market Rent (FMR) for ZIP 30388 - 2027

FY 2027 Fair Market Rent Rates

The ZIP code 30388, located in Georgia, offers a unique opportunity for real estate investors interested in the Section 8 housing market. The area's Fair Market Rent (FMR) for fiscal year 2024 is set at $1940, providing a benchmark for rental pricing. Below is a concise summary of key data points that are crucial for understanding the investment potential in this region.

• Fair Market Rent (FMR) for ZIP 30388 is $1940 for zip FY 2024.
• The market rent for the area is currently unavailable, indicating a lack of recent data on average rental prices.
• The median home value in ZIP 30388 is also not available, suggesting limited information on residential property values.
• The percentage of renters in the area is unknown, making it difficult to assess the demand for rental properties specifically.
• The Days on Market (DOM) statistic is not available, which would normally help gauge how quickly properties sell or rent.
• The median income figure is missing, leaving investors without a direct measure of the financial health of the local population.

Given the limited availability of critical market data such as median home value, market rent, renter share, DOM, and median income, investing in ZIP 30388 requires a careful approach. The Fair Market Rent of $1940 provides a solid anchor for pricing Section 8 units, but without comprehensive data on the broader real estate market, investors must rely on other sources to make informed decisions. The scarcity of recent statistics underscores the importance of conducting thorough local research to complement the existing FMR data.

Data Sources: FMR data from HUD (2027).

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.