Location: Gilmer County, GA | Metro: Fannin County, GA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $810 |
| 1 Bedroom | $820 |
| 2 Bedrooms | $1,040 |
| 3 Bedrooms | $1,370 |
| 4 Bedrooms | $1,570 |
| 5 Bedrooms | $1,821 |
| 6 Bedrooms | $2,040 |
| 7 Bedrooms | $2,203 |
| 8 Bedrooms | $2,313 |
U.S. Census Bureau data (2024)
The ZIP code 30522, located in Cherrylog, Georgia, stands out within Gilmer County due to its unique demographic and economic characteristics. With a population of 713 residents, it has a relatively low rental rate at 21.2%, indicating that most residents own their homes. The median income for the area is $73,533, which is above the national average, suggesting a financially stable community. Additionally, the median home value of $484,372 is quite high, reflecting the substantial investment homeowners have made in the area.
Turning to the specifics of Section 8 housing vouchers, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,010. This figure contrasts sharply with the market rent of $1,634 as reported by the Census Bureau's American Community Survey (ACS), revealing a significant gap between subsidized and actual market rates. For landlords and small-portfolio investors considering participation in the Section 8 program, this difference highlights the potential financial implications. While the voucher amount covers a portion of the market rent, landlords must be prepared to accept a lower rent than the market average, which could impact their overall profitability.
The data signature for ZIP 30522 suggests a predominantly stable environment. The high median home value and above-average median income indicate a community where homeownership is valued and maintained. However, the relatively low rental rate also implies limited opportunities for rental properties, which could make the decision to participate in the Section 8 program less appealing compared to areas with higher rental populations. Despite these factors, the stability of the area provides a secure foundation for long-term investments, whether through rental properties or owner-occupied homes.
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.