Location: Bulloch County, GA | Metro: Bulloch 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 | $890 |
| 1 Bedroom | $980 |
| 2 Bedrooms | $1,280 |
| 3 Bedrooms | $1,580 |
| 4 Bedrooms | $1,820 |
| 5 Bedrooms | $2,111 |
| 6 Bedrooms | $2,364 |
| 7 Bedrooms | $2,553 |
| 8 Bedrooms | $2,681 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,280 | $211,237 | 0.61% | D |
| 3BR | $1,580 | $283,937 | 0.56% | F |
| 4BR | $1,820 | $387,468 | 0.47% | F |
| 5BR | $2,111 | $444,678 | 0.47% | F |
U.S. Census Bureau data (2024)
The ZIP code 30461, located in Statesboro, GA, has a population of 17,447, with 28.1% of residents being renters. This indicates that it is a moderately renter-heavy area, though not dominated by renters. The median household income stands at $80,224, which provides some context when evaluating the affordability of housing.
The market rent for the area is $1,709 per month, representing approximately 21.3% of the median household income. This percentage is calculated by dividing the monthly rent by the annual median income ($1,709 * 12 / $80,224 = 0.213). This suggests that the typical rent consumes a significant portion of the average income, but it remains within a manageable range for many households.
Comparing the market rent to the Fair Market Rent (FMR), which is set at $1,280 per month for the fiscal year 2026 in the metro area, reveals a difference of $429. This means that market rents are higher than the FMR, potentially indicating a tighter budget for tenants relying on vouchers. The FMR is used to determine eligibility for housing assistance programs such as Section 8, so landlords in 30461 should be aware that they may need to adjust their expectations regarding rental rates if they wish to attract voucher holders.
In terms of the tenant profile, landlords in ZIP 30461 can expect a mix of tenants who may have varying degrees of financial support, including those with Section 8 vouchers. However, due to the higher market rents compared to the FMR, voucher holders might find it challenging to secure housing without additional subsidies or co-payment arrangements. Landlords should prepare for a tenant pool that includes individuals and families seeking affordable housing options, with a significant number potentially requiring assistance through government programs to meet the cost of living in the area.
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.