Section 8 Fair Market Rent (FMR) for ZIP 30533 - 2027

Location: White County, GA | Metro: Atlanta-Sandy Springs-Roswell, GA HUD Metro FMR Area

Investment Score for ZIP 30533

Monthly Rent (2BR)

$1,140

Median Price (2BR)

$315,290

1% Rule

0.36%

Annual Yield

4.34%

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	$1,010
1 Bedroom	$1,050
2 Bedrooms	$1,140
3 Bedrooms	$1,440
4 Bedrooms	$1,910
5 Bedrooms	$2,216
6 Bedrooms	$2,482
7 Bedrooms	$2,681
8 Bedrooms	$2,815

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	$1,050	$258,933	0.41%	F
2BR	$1,140	$315,290	0.36%	F
3BR	$1,440	$377,868	0.38%	F
4BR	$1,910	$498,081	0.38%	F
5BR	$2,216	$619,688	0.36%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

28,049

Median Household Income

$74,035

Housing Units

11,326

Renter Percentage

24.6%

Occupancy Rate

86.8%

Renter Occupied

2,418

Dahlonega, Georgia, located in Lumpkin County, is a charming town known for its historic charm and natural beauty. Nestled in the foothills of the Appalachian Mountains, it offers a mix of rural tranquility and small-town vibrancy, attracting both residents and tourists alike. This analysis will delve into key metrics that define the rental market in ZIP code 30533, providing insights for landlords and small-portfolio investors.

The Fair Market Rent (FMR) for ZIP 30533 in fiscal year 2024 is set at $1,310, which represents the maximum amount that a household paying 30% of their adjusted income would spend on rent.
The market rent, as indicated by the Zillow Observed Rent Index (ZORI), stands at $2,231. This figure reflects the average rent paid for a rental property in the area, offering a benchmark for setting competitive rental rates.
The median home value in Dahlonega is $382,296, indicating a moderate housing market where homeownership is attainable but requires a significant investment.
Renters make up 24.6% of the local population, suggesting a notable demand for rental properties but also highlighting the prevalence of homeownership in the area.
The days on market (DOM) for rental listings is 94 days, which is relatively high and might suggest a slower rental market or longer decision-making periods among potential tenants.
The median household income in ZIP 30533 is $74,035, providing context for the economic stability and spending power of the local population.

In summary, the rental market in ZIP 30533 presents a balanced opportunity for investors. With a median home value of $382,296 and a median income of $74,035, there is a strong foundation for both rental and ownership markets. The FMR of $1,310 serves as a guideline for affordable housing, while the ZORI of $2,231 suggests a premium over the baseline for competitive rentals. However, the 94-day DOM indicates a potentially slower rental cycle, which could impact cash flow expectations. Given the 24.6% renter share, there remains a substantial pool of potential tenants, though competition for rental units may be influenced by the local economy and seasonal tourism trends.

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.