Location: Morgan County, GA | Metro: Athens-Clarke County, 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 | $1,140 |
| 1 Bedroom | $1,190 |
| 2 Bedrooms | $1,300 |
| 3 Bedrooms | $1,600 |
| 4 Bedrooms | $2,180 |
| 5 Bedrooms | $2,529 |
| 6 Bedrooms | $2,832 |
| 7 Bedrooms | $3,059 |
| 8 Bedrooms | $3,212 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,600 | $452,922 | 0.35% | F |
| 4BR | $2,180 | $648,963 | 0.34% | F |
| 5BR | $2,529 | $777,445 | 0.33% | F |
U.S. Census Bureau data (2024)
The ZIP code 30621 presents a dynamic rental market that is currently in equilibrium but shows signs of potential shifts. With a Fair Market Rent (FMR) set at $1200 for the fiscal year 2024, the market rent stands slightly lower at $1,092 according to Census ACS data. This indicates that while the government benchmark is higher, actual rents charged are below this threshold, suggesting a market where landlords have some flexibility to adjust rates without deterring tenants.
The 0.2% price-cut share suggests that very few properties are being discounted to attract renters, which implies a relatively stable market with little need for aggressive pricing strategies. The median home value of $608,192 provides insight into the overall wealth and property values within the area, potentially influencing the cost of living and rental prices.
A notable figure is the 15.2% renter share, indicating that nearly one-sixth of households in ZIP 30621 are renters. This percentage can be interpreted as a sign of long-term housing pressure, as a significant portion of residents are not homeowners. In such a scenario, the demand for rental properties is likely to remain steady or increase over time, especially if there are barriers to homeownership, such as high property values or stringent lending criteria.
The lack of data on days on market (DOM) could imply that the rental turnover is quick, a positive indicator for landlords looking to maintain occupancy. However, it also means that there might not be a prolonged period during which properties are vacant, reducing the bargaining power of potential renters and maintaining a competitive rental environment.
In summary, ZIP 30621 appears to be a market where demand meets supply closely, with slight indications that demand could outpace supply in the future due to the high renter share and median home value. Landlords should monitor these trends closely to adapt their strategies accordingly.
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.