Location: Evans County, GA | Metro: Evans County, GA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $960 |
| 1 Bedroom | $970 |
| 2 Bedrooms | $1,260 |
| 3 Bedrooms | $1,520 |
| 4 Bedrooms | $1,670 |
| 5 Bedrooms | $1,937 |
| 6 Bedrooms | $2,169 |
| 7 Bedrooms | $2,343 |
| 8 Bedrooms | $2,460 |
U.S. Census Bureau data (2024)
In ZIP code 30429, there are several factors that could pose challenges for a first-time Section 8 landlord. Tenant turnover is a significant concern, especially when comparing the market rent to the $1,400 Fair Market Rent (FMR) for fiscal year 2026, which is set for the metro area. This disparity can lead to higher turnover rates, as tenants may struggle to afford rent increases beyond the subsidized amount.
Vacancy exposure is another critical issue. The average days on market (DOM) is not available, but it's crucial to note that longer DOM periods can result in reduced rental income and increased costs associated with maintaining an empty property. Landlords must be prepared for potential extended vacancy periods due to the nature of the Section 8 program, where tenant placement can take time.
Deferred maintenance is also a risk, particularly considering the median income of $93,214 in the area. While this figure suggests a relatively stable economic environment, it does not necessarily correlate with the ability of tenants to cover maintenance costs beyond their rent contribution. Landlords should anticipate covering these expenses themselves, which can add substantial financial burden over time.
Despite these risks, the 0.0% renter share statistic is noteworthy. High renter density typically indicates a greater demand for housing vouchers, which can stabilize occupancy rates. However, the absence of renters in the data implies that ZIP 30429 might have fewer individuals seeking Section 8 assistance, potentially leading to lower demand for subsidized units.
Verdict: Moderate risk for a first-time Section 8 landlord.
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.