Location: Emanuel County, GA | Metro: Emanuel County, GA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $840 |
| 1 Bedroom | $940 |
| 2 Bedrooms | $1,020 |
| 3 Bedrooms | $1,360 |
| 4 Bedrooms | $1,700 |
| 5 Bedrooms | $1,972 |
| 6 Bedrooms | $2,209 |
| 7 Bedrooms | $2,386 |
| 8 Bedrooms | $2,505 |
U.S. Census Bureau data (2024)
The economics of Section 8 in ZIP code 30464 are straightforward. For a two-bedroom apartment, the SAFMR (Small Area Fair Market Rent) is set at $970 per month for the fiscal year 2026. This figure represents the maximum amount that the housing authority will pay for a voucher holder's rent in this specific ZIP code.
The local market rent for a two-bedroom unit in ZIP 30464, according to the Census ACS, is $806. This indicates that the SAFMR is higher than the average market rent, which can be beneficial for landlords participating in the program.
A voucher holder is required to contribute a portion of their income towards the rent. Specifically, they must pay 30% of their adjusted monthly income. Once this tenant contribution and any applicable utility allowances are factored in, the total reimbursement to the landlord is calculated. For instance, if a voucher holder has an adjusted monthly income of $1,000, they would need to pay $300 towards the rent. If the utility allowance is $100, the total reimbursement to the landlord would be the lesser of the SAFMR ($970) or the sum of the tenant's contribution ($300) plus the rent ($806) plus the utility allowance ($100).
In this case, the total reimbursement would be $970, as it does not exceed the SAFMR limit. However, the actual rent charged to the tenant is $806, so the landlord receives the full market rent plus the utility allowance.
The typical reimbursement gap or surplus for a two-bedroom apartment in ZIP 30464 is a surplus. Given the SAFMR of $970 and the local market rent of $806, landlords receive a surplus of $164 per month before accounting for utilities. Adding the utility allowance brings the total surplus to $264 per month, making the Section 8 program financially advantageous for landlords in this area.
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.