Location: Franklin County, GA | Metro: Banks 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 | $800 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $1,050 |
| 3 Bedrooms | $1,250 |
| 4 Bedrooms | $1,510 |
| 5 Bedrooms | $1,752 |
| 6 Bedrooms | $1,962 |
| 7 Bedrooms | $2,119 |
| 8 Bedrooms | $2,225 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,050 | $232,889 | 0.45% | F |
| 3BR | $1,250 | $314,347 | 0.4% | F |
| 4BR | $1,510 | $398,807 | 0.38% | F |
U.S. Census Bureau data (2024)
19.3% of Carnesville, GA's residents are renters, indicating a modest demand for rental properties in ZIP 30521. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,070, which provides a benchmark for rental pricing. However, the actual market rent, based on Census ACS data, is lower at $748, suggesting that landlords should align their rental rates with local market conditions to attract tenants. The median home value in the area stands at $311,340, reflecting a stable housing market that could offer opportunities for investment in both rental and owner-occupied properties. Despite this, the median income of $54,121 may limit the financial capacity of potential tenants to afford higher rents, making it important for landlords to consider affordability when setting prices. With a price-cut share of just 0.2%, it appears that the real estate market in Carnesville is relatively healthy, with few properties needing to be discounted to sell. This stability can be reassuring for investors looking to enter the market. Given these figures, the Section 8 program, with its fixed payment standard of $1,070, might provide a consistent revenue stream for landlords willing to participate, especially since the market rent is below this threshold. Landlords should also be aware that the financial means of most residents, as indicated by the median income, may necessitate offering affordable rental options. In conclusion, while Carnesville's real estate market shows signs of stability and moderate demand, landlords should carefully evaluate the local economic landscape before committing to investments. Participation in the Section 8 program could be beneficial for maintaining occupancy and ensuring steady cash flow.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.