Location: Wilkes County, GA | Metro: Greene County, GA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $820 |
| 1 Bedroom | $840 |
| 2 Bedrooms | $1,020 |
| 3 Bedrooms | $1,270 |
| 4 Bedrooms | $1,470 |
| 5 Bedrooms | $1,705 |
| 6 Bedrooms | $1,910 |
| 7 Bedrooms | $2,063 |
| 8 Bedrooms | $2,166 |
U.S. Census Bureau data (2024)
The ZIP code 30631 is characterized by a moderate rental presence, with 23.4% of its 1,820 residents being renters. This indicates that while there is a significant number of renters, the area is not dominated by rental housing. The median household income stands at $52,232, which provides a baseline for understanding the financial capacity of potential tenants.
The market rent in this area is set at $814, which represents approximately 15.6% of the median household income when calculated annually. This percentage suggests that rent is a considerable but manageable portion of income for many households. However, it's important to note that the Fair Market Rent (FMR) for the area is $970, as per the fiscal year 2026 metro standards. This implies that the current market rent is below the FMR, potentially indicating a gap between what the market can bear and what might be considered fair or reasonable rent based on federal guidelines.
The demand for Section 8 vouchers in ZIP 30631 is likely to be moderate due to the relatively balanced mix of homeowners and renters. Landlords should anticipate a tenant pool that includes individuals and families who benefit from housing assistance programs, alongside those who pay market rent. Given the median income and current market conditions, landlords should prepare for tenants who are financially stable enough to meet their obligations, yet may require some form of subsidy to afford housing.
To summarize, landlords in ZIP 30631 can expect a diverse tenant base, with a notable segment relying on Section 8 vouchers. The annual rent at $814 is a significant but reasonable expense relative to the median income, making it a viable option for many residents. With the FMR at $970, there is room for rent increases, provided they align with market trends and tenant affordability.
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.