Location: Lumpkin County, GA | Metro: Lumpkin County, GA HUD Metro FMR Area
| 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 |
U.S. Census Bureau data (2024)
1,250 is the Fair Market Rent (FMR) for ZIP 30597, as set by HUD for fiscal year 2026. This figure serves as a benchmark for landlords and investors interested in the area.
N/A is the current market rent for the area, indicating a lack of recent data. However, the FMR provides a reliable estimate for potential rental income.
N/A is also the median home value in ZIP 30597, suggesting limited data on home values. Nonetheless, the FMR gives insight into the affordable rental market.
N/A% is the share of renters in ZIP 30597, meaning the exact percentage of residents who rent their homes is not available. The FMR helps understand the rental demand.
N/A is the median income for the area, highlighting the absence of recent income data. Despite this, the FMR reflects the affordability of housing for low-income families.
N/A-day DOM indicates the days on market for homes in ZIP 30597, showing no recent data on how long homes typically stay on the market. This metric is crucial for understanding the local housing market dynamics.
N/A% is the price-cut share for the area, meaning there's no recent information on the percentage of homes that have been discounted. However, the FMR can still guide pricing strategies for rental units.
The flood risk in ZIP 30597 is significant, with 12% of properties expected to face severe flooding over the next 30 years. This underscores the importance of considering natural hazards when investing in real estate.
The wildfire risk is moderate, affecting 67% of properties in the area over the next 30 years. Investors must weigh these environmental risks against potential returns.
The wind risk is minor, with 95% of properties in ZIP 30597 having a low risk of severe wind events over the next 30 years. This is reassuring for those concerned about hurricane impacts.
Verdict: ZIP 30597 presents a viable opportunity for Section 8 investments, given the established FMR of $1,250, but environmental risks must be carefully considered.
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.