Location: Fannin County, GA | Metro: Fannin 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 | $790 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $1,040 |
| 3 Bedrooms | $1,370 |
| 4 Bedrooms | $1,380 |
| 5 Bedrooms | $1,601 |
| 6 Bedrooms | $1,793 |
| 7 Bedrooms | $1,936 |
| 8 Bedrooms | $2,033 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,040 | $424,650 | 0.24% | F |
| 3BR | $1,370 | $594,052 | 0.23% | F |
U.S. Census Bureau data (2024)
With a Fair Market Rent (FMR) of $1,010 for ZIP 30559 in Mineral Bluff, GA, as set for metro areas in fiscal year 2026, landlords can expect to align their rental pricing with government standards. The Census ACS data reflects a market rent of $1,034, indicating that rents slightly exceed the FMR, suggesting a competitive local market. However, the median home value stands at $506,713, which is significantly higher than the average rental price, pointing to a robust property investment environment. Renter share is only 9.4%, meaning that most residents own their homes, reducing competition from other rental properties. Median income in the area is $57,389, providing a strong economic foundation for rental demand. Although there is no available data on days on market (DOM), the low price-cut share of 0.3% indicates that properties are generally valued correctly and sell without significant markdowns. Given these factors, the Section 8 program remains a viable option for landlords in Mineral Bluff, ensuring steady rental income even if the direct participation rate is not high. In conclusion, while the local economy supports rental pricing above the FMR, the limited renter base makes Section 8 an important component for maintaining occupancy rates.
Section 8 verdict: Suitable for landlords looking to stabilize occupancy in a primarily homeowner community.
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.