Location: Washington County, GA | Metro: Jefferson County, GA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $790 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,190 |
| 4 Bedrooms | $1,390 |
| 5 Bedrooms | $1,612 |
| 6 Bedrooms | $1,805 |
| 7 Bedrooms | $1,949 |
| 8 Bedrooms | $2,046 |
U.S. Census Bureau data (2024)
The ZIP code 30413 presents a specific set of characteristics for landlords and small-portfolio investors interested in Section 8 tenants. With a population of 1,362, only 12.6% are renters, indicating that this area is predominantly homeowner-dominated rather than renter-heavy. This means that the pool of potential Section 8 tenants is relatively smaller compared to areas with higher percentages of renters.
The median household income in ZIP 30413 is $68,558, which provides context for the affordability of housing. The typical market rent of $805 consumes approximately 11.7% of the median household income. This percentage suggests that rent is reasonably affordable for most residents, but it also implies that many households might prefer homeownership over renting due to the relatively low proportion of income required for rent.
Comparing the market rent to the Fair Market Rent (FMR) of $1,060, which is set for FY 2026 in the metro area, highlights that the rental prices in ZIP 30413 are below the FMR. This makes the area attractive for Section 8 tenants who can leverage their vouchers to cover a larger portion of the rent, potentially allowing them to secure better quality or larger living spaces.
In terms of tenant profile, landlords in ZIP 30413 should anticipate a mix of low-income families and individuals who benefit from the Section 8 program. These tenants will likely be seeking affordable housing options and could be sensitive to changes in housing costs. It's important for landlords to understand that while the voucher system helps cover rent, they must still manage expectations regarding the overall cost of maintenance and vacancy rates typical in low-income rental properties.
To conclude, although ZIP 30413 is not heavily populated with renters, it does offer an opportunity for landlords to attract Section 8 tenants due to its below-FMR rental prices. However, the limited number of renters suggests that competition for these vouchers may be less intense, leading to a more stable tenant pool but also a smaller market share for those focusing on Section 8 properties.
Data Sources: FMR data from HUD (2027). 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.