Location: Treutlen County, GA | Metro: Emanuel County, GA
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $830 |
| 1 Bedroom | $840 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,290 |
| 4 Bedrooms | $1,470 |
| 5 Bedrooms | $1,705 |
| 6 Bedrooms | $1,910 |
| 7 Bedrooms | $2,063 |
| 8 Bedrooms | $2,166 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,290 | $179,672 | 0.72% | D |
U.S. Census Bureau data (2024)
The analysis for ZIP code 30436 in Lyons, GA, reveals a significant gap between the Fair Market Rent (FMR) and the actual market rent. According to the data, the FMR for the metro area in fiscal year 2026 is set at $970. In contrast, the market rent, based on Census ACS data, stands at $707. This creates a gap of $263, or approximately 37%, where the FMR exceeds the market rent.
The gap indicates that voucher tenants can potentially pay more than what the market dictates, making it a yield play for landlords and small-portfolio investors. Given that 34.8% of the population are renters and the median income is $55,827, the higher FMR payment can provide a steady and reliable income stream above the current market rates.
The median home value in ZIP 30436 is $155,827, which further underscores the economic context. With the FMR being higher than the market rent, landlords can benefit from the additional subsidy provided by the government to cover the difference between the tenant’s portion and the full FMR. This makes the investment in properties serving voucher tenants particularly attractive in this area.
However, it is important to note that the success of this strategy depends on the ability to attract and retain voucher tenants. Landlords must ensure their properties meet the necessary quality standards and comply with regulations to qualify for the Section 8 program. Despite these requirements, the financial advantage is clear, offering an opportunity to generate higher yields compared to open-market rates.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.