Location: Athens-Clarke County, GA | Metro: Athens-Clarke County, GA MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,120 |
| 1 Bedroom | $1,120 |
| 2 Bedrooms | $1,310 |
| 3 Bedrooms | $1,640 |
| 4 Bedrooms | $1,720 |
| 5 Bedrooms | $1,995 |
| 6 Bedrooms | $2,234 |
| 7 Bedrooms | $2,413 |
| 8 Bedrooms | $2,534 |
The classification of ZIP 30604 in terms of yield and stability relies heavily on the Fair Market Rent (FMR) data and the rental market trends specific to the area. According to the data provided:
The Fair Market Rent for ZIP 30604 in fiscal year 2024 is set at $1,170. This figure represents the upper limit for rental payments under the Section 8 program, indicating a potential high yield for landlords who can secure rental agreements at or near this rate.
However, the lack of specific data on market rental rates, home values, percentage of renters, days on market (DOM), and average income levels complicates a precise assessment of stability. Without these metrics, it's challenging to determine whether the market is volatile or stable.
To classify ZIP 30604, we would need to compare the FMR of $1,170 against the actual market rental rates. If the market rates are close to the FMR, this suggests a high-yield market where landlords can expect to receive substantial rental payments. However, if market rates are significantly lower than the FMR, it could indicate a less profitable but potentially more stable market.
The absence of data on the percentage of renters, DOM, and average income levels means we cannot fully assess the stability of the market. These figures would help us understand the demand for rental properties and the financial health of potential tenants, both crucial factors for long-term investment stability.
Given the limited data, ZIP 30604 appears to offer a high-yield opportunity based on the FMR. However, without additional market-specific data, it's difficult to classify the stability of the market accurately. Landlords and small-portfolio investors should seek out comprehensive local market analysis to make informed decisions.
Data Sources: FMR data from HUD (2027).
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.