Location: Jackson County, GA | Metro: Gainesville, GA MSA
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 | $1,100 |
| 1 Bedroom | $1,250 |
| 2 Bedrooms | $1,380 |
| 3 Bedrooms | $1,660 |
| 4 Bedrooms | $2,140 |
| 5 Bedrooms | $2,482 |
| 6 Bedrooms | $2,780 |
| 7 Bedrooms | $3,002 |
| 8 Bedrooms | $3,152 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,660 | $354,035 | 0.47% | F |
U.S. Census Bureau data (2024)
The economics of Section 8 in ZIP code 30575 are straightforward. For a two-bedroom rental unit, the SAFMR (Small Area Fair Market Rent) is set at $1160 per month for fiscal year 2024. This rate is specifically tailored for this ZIP code, ensuring it reflects the local housing market conditions accurately.
Section 8 vouchers operate on a formula where the tenant pays a portion of their income towards rent, typically 30%, and the federal government covers the remainder up to the SAFMR. Let's break down the payment structure:
To illustrate, if a tenant's monthly adjusted income is $1000, they would pay $300 (30%) toward rent. If the SAFMR for a two-bedroom unit is $1160, the government would cover the remaining $860. However, the actual reimbursement can vary based on the tenant's utility allowance, which is calculated separately and added to the voucher payment.
In ZIP 30575, the SAFMR serves as the cap for what the government will reimburse. Therefore, if the local market rent for a two-bedroom unit exceeds $1160, landlords will face a shortfall. Conversely, if the market rent is below $1160, landlords may receive a surplus, but only up to the SAFMR limit.
Given the lack of specific local market rent data, we cannot calculate the exact reimbursement gap or surplus. However, landlords should be aware that the SAFMR sets a strict upper limit on the government's reimbursement. To ensure financial stability, it is advisable to align your rental pricing closely with the SAFMR for the best outcome.
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.