Location: Hart 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 | $1,050 |
| 1 Bedroom | $1,070 |
| 2 Bedrooms | $1,200 |
| 3 Bedrooms | $1,570 |
| 4 Bedrooms | $1,650 |
| 5 Bedrooms | $1,914 |
| 6 Bedrooms | $2,144 |
| 7 Bedrooms | $2,316 |
| 8 Bedrooms | $2,432 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,570 | $263,841 | 0.6% | F |
U.S. Census Bureau data (2024)
The ZIP code 30624 is situated in a residential neighborhood characterized by a modest population of 3,280 residents. The area has a relatively low rental rate, with only 24.8% of the households being renters, indicating a predominantly owner-occupied community. The median household income in this ZIP code stands at $51,988, which places it squarely within the middle-income range, suggesting a stable economic base. The median home value of $209,875 further supports the notion of affordability and accessibility for both homeowners and potential investors.
From an investment perspective, the Fair Market Rent (FMR) for ZIP 30624 in fiscal year 2024 is set at $900, while the actual market rent, according to Census ACS data, is $856. This slight premium in the FMR over the market rent could be advantageous for landlords participating in the Section 8 program, as it ensures a consistent income stream that slightly exceeds the prevailing market conditions. However, the relatively low rental rate also implies that there might be limited room for significant rent increases, which could affect the profitability of value-add strategies.
In evaluating whether ZIP 30624 suits a hands-off voucher operator or requires a more hands-on approach, several factors come into play. For a hands-off operator, the stability provided by the Section 8 program, combined with the modest but steady rental income, makes this ZIP code a suitable choice. The low percentage of renters suggests that the demand for subsidized housing may not be overwhelming, which can help maintain a balanced portfolio without excessive tenant turnover.
On the other hand, for a value-add buyer looking to improve properties and increase rents, the current economic landscape presents a challenge. With a median home value of $209,875 and a median income of $51,988, the potential for significant rent hikes is constrained by the local economic realities. Any improvements made to properties would need to be carefully aligned with the ability of tenants to pay higher rents, making this a more nuanced investment opportunity.
Overall, ZIP 30624 offers a stable and predictable investment environment for those who prefer a hands-off approach. For those interested in value-add opportunities, the area may require a more strategic and patient approach to realize returns, given the economic constraints and modest rental premiums.
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.