Location: Tattnall County, GA | Metro: Long County, GA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $890 |
| 1 Bedroom | $940 |
| 2 Bedrooms | $1,110 |
| 3 Bedrooms | $1,320 |
| 4 Bedrooms | $1,850 |
| 5 Bedrooms | $2,146 |
| 6 Bedrooms | $2,404 |
| 7 Bedrooms | $2,596 |
| 8 Bedrooms | $2,726 |
U.S. Census Bureau data (2024)
The ZIP code 30427 is situated within a neighborhood characterized by a population of 12,531 residents, where 28.0% are renters. The median household income here stands at $52,958, indicating a middle-class area. The median home value in this ZIP code is $202,899, which suggests that homeownership is moderately priced.
Moving into the realm of rental economics, the Fair Market Rent (FMR) for ZIP 30427 for fiscal year 2024 is set at $890. This figure, established by the U.S. Department of Housing and Urban Development (HUD), reflects the amount landlords can expect to receive through the Section 8 program. In contrast, the average market rent, according to the Census Bureau's American Community Survey (ACS), is $755. This discrepancy between the FMR and the market rent highlights an opportunity for landlords participating in the Section 8 program, as they can potentially charge higher rents compared to the local market rate.
Given these economic conditions, ZIP 30427 is well-suited for both hands-off voucher operators and hands-on value-add buyers. For hands-off operators, the stability provided by the Section 8 program ensures a steady stream of rental income without the need for active property management. On the other hand, for those inclined towards a more hands-on approach, there is room to enhance property values and rents above the market average, leveraging the higher FMR rates to achieve better returns on investment.
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.