Location: Screven County, GA | Metro: Augusta-Richmond County, GA-SC HUD Metro FMR Area
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 | $800 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,380 |
| 4 Bedrooms | $1,450 |
| 5 Bedrooms | $1,682 |
| 6 Bedrooms | $1,884 |
| 7 Bedrooms | $2,035 |
| 8 Bedrooms | $2,137 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,000 | $92,731 | 1.08% | B |
| 3BR | $1,380 | $178,718 | 0.77% | D |
| 4BR | $1,450 | $282,233 | 0.51% | F |
U.S. Census Bureau data (2024)
The ZIP code 30442, located in Millen, GA, has a population of 8,550 residents. Within this community, 19.0% of the residents are renters, indicating that while there is a notable rental presence, it is not overwhelmingly dominated by renters. The median household income stands at $43,624, which provides a baseline for understanding the economic context of potential tenants.
The market rent in this area is $604 per month, which represents approximately 16.2% of the median household income. This calculation is derived from dividing the monthly rent by the annual median income ($604 / $43,624 * 12 months), revealing that typical rent consumes a significant portion of the average resident's earnings. However, when compared to the Fair Market Rent (FMR) of $920, which is set for FY 2024, the actual market rent is lower, suggesting a more affordable housing environment relative to government standards.
Given the income levels and the market rent, landlords in ZIP 30442 can expect a tenant pool that is likely to be heavily reliant on Section 8 vouchers. With the FMR being significantly higher than the market rent, the difference underscores the necessity for financial assistance among many of the residents. The percentage of renters indicates a reasonable demand for vouchers, though it may not be as high as in areas with larger rental populations.
In summary, landlords in Millen, GA, should anticipate a tenant base that includes a substantial number of individuals who require rental assistance through Section 8 vouchers. These tenants will be sensitive to the cost of living and will seek properties that offer good value for their income. Landlords must be prepared to work within the parameters set by the voucher program, including income verification and rent subsidies, to attract and retain tenants in this ZIP code.
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.