Location: Evans County, GA | Metro: Evans County, GA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $760 |
| 1 Bedroom | $770 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,200 |
| 4 Bedrooms | $1,340 |
| 5 Bedrooms | $1,554 |
| 6 Bedrooms | $1,740 |
| 7 Bedrooms | $1,879 |
| 8 Bedrooms | $1,973 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 30414 in Evans County, Georgia reveals several key points that are crucial for landlords and small-portfolio investors.
Firstly, regarding the rent math, the Fair Market Rent (FMR) for the area is set at $970 for fiscal year 2026. However, without specific data on the current market rent, it's challenging to determine if this aligns with what tenants are willing to pay. The lack of market rent data suggests an incomplete picture for making informed decisions about rental pricing.
Secondly, the acquisition affordability in ZIP 30414 is difficult to assess due to the absence of specific figures for the median home value, days on market (DOM), and the percentage of homes that require price cuts. These metrics are essential for understanding the local housing market dynamics and the ease or difficulty of acquiring properties at reasonable prices.
Thirdly, concerning tenant demand, ZIP 30414 has a population of 50, with 60.0% of residents being renters. This indicates a significant portion of the population that relies on rental housing, which could translate into a steady demand for rental units.
Verdict: While the high percentage of renters in ZIP 30414 suggests strong tenant demand, the analysis is hampered by insufficient data on market rents and property acquisition costs. Without these critical figures, it's impossible to definitively conclude whether the rent math works or if acquisitions are affordable. Landlords and investors should seek additional local market data before making investment decisions in this area.
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.