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 30423 in Evans County, Georgia reveals several key points that are crucial for landlords and small-portfolio investors.
The rent math does not work favorably in this area. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $970. However, the market rent is not available, suggesting that the FMR might be higher than what tenants are willing to pay. This could lead to financial difficulties if landlords rely solely on FMR rates without considering local market conditions.
Regarding acquisition affordability, the data is incomplete with median home values, days on market (DOM), and the percentage of homes needing price cuts all listed as N/A. This lack of information makes it challenging to assess whether buying properties in this ZIP code would be financially prudent. Investors should seek additional sources to fill these gaps before making any decisions.
Tenant demand appears to be moderate. With a total population of 56 and a significant 69.4% of residents being renters, there is a steady base of potential tenants. However, the small population size means that the pool of prospective renters is limited, which could affect occupancy rates and the ability to quickly fill vacancies.
Verdict: ZIP code 30423 presents mixed opportunities for investment. While there is a notable renter share, indicating some tenant demand, the high FMR compared to potentially lower market rents poses a risk. Additionally, the absence of critical data on property acquisition costs and market dynamics necessitates further investigation before committing to investment in this area. The small population size also limits the potential scale of rental operations. For now, caution is advised until more comprehensive data can be gathered and analyzed.
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.