Location: Laurens County, GA | Metro: Laurens County, GA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $740 |
| 1 Bedroom | $790 |
| 2 Bedrooms | $1,020 |
| 3 Bedrooms | $1,300 |
| 4 Bedrooms | $1,580 |
| 5 Bedrooms | $1,833 |
| 6 Bedrooms | $2,053 |
| 7 Bedrooms | $2,217 |
| 8 Bedrooms | $2,328 |
U.S. Census Bureau data (2024)
The Section 8 thesis in ZIP 30454 centers around the significant gap between the Fair Market Rent (FMR) and the actual market rents. The FMR for the metro area in fiscal year 2026 is set at $1,000. However, based on recent listings on Trulia, the average market rent for apartments near ZIP 30454 ranges from $925 to $1,350 per month. This indicates that the market rent is higher than the FMR, with an average difference of approximately $225 to $350 per month.
The gap between the FMR and market rent can be quantified in percentage terms. Assuming the midpoint of the market rent range is $1,137.50, the percentage gap is calculated as follows:
(Market Rent - FMR) / FMR * 100%
This translates to a gap of about 13.8% between the FMR and the average market rent. This gap represents the cost of accepting housing voucher tenants who pay below the open-market rates.
The ZIP 30454 has 18.4% of its population as renters, with a median home value of $168,425 and a median income of $53,229. These figures suggest that the area is relatively affordable compared to the state average, making it attractive for both voucher holders and regular renters. However, landlords must consider the financial implications of renting below market rates when accepting Section 8 vouchers.
To summarize, the FMR of $1,000 is lower than the typical market rent of $1,137.50, resulting in a 13.8% gap. Landlords should weigh this cost against the stability and demand from Section 8 tenants before deciding to participate in the program.
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.