Section 8 Fair Market Rent (FMR) for ZIP 30458 - 2027

Investment Score for ZIP 30458

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$830
1 Bedroom	$910
2 Bedrooms	$1,190
3 Bedrooms	$1,470
4 Bedrooms	$1,690
5 Bedrooms	$1,960
6 Bedrooms	$2,195
7 Bedrooms	$2,371
8 Bedrooms	$2,490

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
1BR	$910	$175,298	0.52%	F
2BR	$1,190	$150,849	0.79%	D
3BR	$1,470	$257,454	0.57%	F
4BR	$1,690	$328,747	0.51%	F
5BR	$1,960	$461,982	0.42%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

### Market Analysis for ZIP Code 30458 (Statesboro, GA) #### Section 8 Voucher Dynamics In ZIP code 30458, the Fair Market Rent (FMR) for a two-bedroom apartment is set at $1200 per month for the year 2026. This represents 27.7% of the median household income of $52,038. However, it is important to understand how this compares to actual rental prices in the area. The Zillow median price for a two-bedroom home in Statesboro is $149,311, which translates into a price-to-FMR ratio of 10.4 times. This high ratio suggests that actual rental prices may be significantly higher than the FMR, creating a challenge for Section 8 voucher holders who are constrained by the maximum allowable rent under their vouchers. #### Affordability & Renter Profile The population of Statesboro is 49,717, with a substantial 62.8% of residents being renters. This indicates a strong demand for rental housing in the area. The occupancy rate stands at 89.3%, suggesting that the market is relatively tight, with few vacant units available. Given the high percentage of renters and the limited vacancy rate, it is likely that there is significant competition for rental properties among potential tenants, including those using Section 8 vouchers. The median household income of $52,038 implies that many residents are low-income earners. For these individuals, the cost of renting a two-bedroom unit at $1200 per month would consume nearly 27.7% of their income, leaving little room for other expenses. This underscores the importance of affordable housing options for the majority of the population. #### Investor Angle From an investor perspective, the FMR figures provide a benchmark for cash flow analysis. A two-bedroom apartment renting at $1200 per month would generate annual gross income of $14,400. Considering typical operating costs such as property taxes, insurance, maintenance, and utilities, the net cash flow would be lower but still potentially positive. To determine the investment grade, we need to consider the local real estate market dynamics. With a price-to-FMR ratio of 10.4x, it is evident that the market is highly inflated relative to the FMR. This could indicate that the actual rental rates might be higher than the FMR, which would benefit investors but pose challenges for voucher holders. If the actual rental rates are indeed higher, investors could potentially achieve positive cash flow even if they have to accept slightly below-market rents to attract Section 8 tenants. #### Specific Actionable Insights 1. **Focus on Multi-Family Properties**: Given the high renter percentage and tight occupancy rate, multi-family properties are likely to perform well. Investors should target buildings with multiple units to maximize their returns while providing affordable housing options. 2. **Consider Lower-Income Units**: Since 27.7% of the median income is allocated to a two-bedroom unit, investors should consider developing or acquiring properties that cater specifically to lower-income households. This includes one-bedroom and zero-bedroom units, which have FMRs of $910 and $830 respectively. These units can be rented out to Section 8 voucher holders without exceeding the allowable rent limits. 3. **Evaluate Property Values Relative to FMR**: Given the high price-to-FMR ratio, investors should carefully evaluate the purchase price of properties. Acquiring properties at or below the Zillow median price ($149,311 for a two-bedroom) would ensure better alignment with the FMR and improve the chances of positive cash flow when renting to Section 8 tenants. #### Bottom Line For Section 8-focused investors, the recommendation for ZIP code 30458 is to **Buy**. The high renter percentage and tight occupancy rate suggest a robust demand for rental properties. While the market is inflated relative to the FMR, there are opportunities to acquire properties at reasonable prices and generate positive cash flow by renting to Section 8 voucher holders. However, investors must be prepared to navigate the complexities of working with government programs and ensure compliance with regulations. --- This analysis provides a detailed overview of the rental market in Statesboro, GA, focusing on the dynamics relevant to Section 8 voucher holders and potential investors. The insights are based on the provided data and aim to guide decision-making for those interested in the area's real estate market.

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.