Location: Jackson 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 | $1,580 |
| 1 Bedroom | $1,600 |
| 2 Bedrooms | $1,860 |
| 3 Bedrooms | $2,320 |
| 4 Bedrooms | $2,480 |
| 5 Bedrooms | $2,877 |
| 6 Bedrooms | $3,222 |
| 7 Bedrooms | $3,480 |
| 8 Bedrooms | $3,654 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,860 | $273,083 | 0.68% | D |
| 3BR | $2,320 | $390,789 | 0.59% | F |
| 4BR | $2,480 | $549,429 | 0.45% | F |
| 5BR | $2,877 | $651,787 | 0.44% | F |
U.S. Census Bureau data (2024)
18.8% of Bogart, GA's residents are renters, reflecting a stable demand for rental properties in ZIP 30622. With a Fair Market Rent (FMR) set at $1520 for zip FY 2024, landlords can expect to align their rental pricing with this benchmark to attract tenants eligible for Section 8 subsidies. The Zillow Observed Rental Index (ZORI) stands at $2,600, indicating that market rents are significantly higher than the FMR, which provides an opportunity for landlords to capture a premium while still offering affordable housing options. The median home value in the area is $492,397, suggesting that property values are robust and likely to offer good investment returns over time. However, the median income of $133,563 may limit the number of potential Section 8 participants who can afford the local cost of living, despite the government subsidy. Notably, the day DOM (Days on Market) is listed as N/A, which could imply either very quick turnover or that there isn't enough recent data to provide an accurate average. Additionally, the price-cut share is only 0.2%, indicating that sellers rarely have to reduce their asking prices to make a sale, which speaks to the strong seller's market conditions. Given these factors, landlords and small-portfolio investors in Bogart, GA should focus on maintaining properties that meet the FMR standards while also considering the broader market dynamics. The verdict for Section 8 participation in ZIP 30622 is positive, provided that landlords can manage properties efficiently and navigate the requirements of the program.
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.