Location: Rabun County, GA | Metro: Rabun County, GA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $730 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $1,050 |
| 3 Bedrooms | $1,450 |
| 4 Bedrooms | $1,620 |
| 5 Bedrooms | $1,879 |
| 6 Bedrooms | $2,104 |
| 7 Bedrooms | $2,272 |
| 8 Bedrooms | $2,386 |
U.S. Census Bureau data (2024)
The ZIP code 30562 is a renter-heavy area, with 40.5% of its population renting homes. This indicates a significant demand for rental properties, particularly among those who might rely on Section 8 housing vouchers. Given the median household income of $48,529, the typical market rent of $1,120 represents approximately 23% of the average monthly income, which is calculated by dividing the annual median income by 12 and then comparing it to the monthly rent.
To put this into perspective, the Fair Market Rent (FMR) for the metro area is set at $970 (for FY 2026). This means that the actual market rent in ZIP 30562 exceeds the FMR by about $150 per month. Landlords should be aware that this discrepancy could make it challenging for tenants relying solely on Section 8 vouchers to afford market-rate rents without additional income sources or subsidies.
The expected tenant profile in this ZIP code will likely include individuals and families who are financially constrained but still seek decent living conditions. They would typically have an income below the median, making up a substantial portion of the renter base. These tenants would be heavily reliant on Section 8 vouchers to subsidize their housing costs, which are higher than the FMR in the area. Therefore, landlords should prepare for tenants who may need assistance in meeting rent obligations and ensure they comply with all HUD regulations concerning Section 8 properties.
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.