Location: Stephens County, GA | Metro: Stephens County, GA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $760 |
| 1 Bedroom | $770 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,280 |
| 4 Bedrooms | $1,660 |
| 5 Bedrooms | $1,926 |
| 6 Bedrooms | $2,157 |
| 7 Bedrooms | $2,330 |
| 8 Bedrooms | $2,447 |
U.S. Census Bureau data (2024)
The analysis of ZIP 30598, located in Stephens County, Georgia, provides insights into its viability for rental investments.
The first question addresses whether the rent math works. The Fair Market Rent (FMR) for the metro area for fiscal year 2026 is set at $1,000. However, the market rent data is currently unavailable. This absence of market rent figures makes it challenging to definitively conclude if the rent math works, but the FMR serves as a benchmark for affordability.
Regarding the affordability of acquisition, the median home value data is also unavailable, which means we cannot provide a direct comparison to the FMR or typical market values. Additionally, the days on market (DOM) and percentage of homes that have been listed with price cuts are not available, making it difficult to assess how quickly properties sell and at what discount rate. These metrics would be crucial for understanding the local real estate market dynamics and the ease of acquiring investment properties.
Tenant demand in ZIP 30598 is evident with a total population of 66, where 100% of residents are renters. This indicates a fully rented market, suggesting strong demand for rental properties. However, the small population size means that the number of potential tenants is limited, which could impact the scalability of rental investments.
Verdict: While the data shows a fully rented market in ZIP 30598, indicating high tenant demand, the lack of specific market rent and property acquisition cost details hinders a comprehensive assessment. The Fair Market Rent of $1,000 for fiscal year 2026 can serve as a guideline for setting rents, but without comparative market data, the exact profitability remains unclear. Landlords and small-portfolio investors should proceed with caution, considering the limited scalability due to the small population base. Further research into local rental market conditions and property pricing is essential before making any investment decisions.
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.