Location: Franklin 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 |
|---|---|---|---|---|
| 2BR | $1,200 | $262,950 | 0.46% | F |
| 3BR | $1,570 | $315,677 | 0.5% | F |
| 4BR | $1,650 | $368,971 | 0.45% | F |
U.S. Census Bureau data (2024)
ZIP 30633, located in Franklin County, GA, is best categorized as a cash-flow anchor within a Section 8 portfolio strategy. This classification is supported by the substantial spread between the Fair Market Rent (FMR) set at $900 and the local market rent of $816 for fiscal year 2024. The FMR is determined by the U.S. Department of Housing and Urban Development (HUD) and represents the maximum amount that a landlord can charge for a rental unit under the Section 8 program. In this case, the slight premium over the market rent ensures steady cash flow for landlords participating in the program.
The median home value in ZIP 30633 is $322,502, which is notably higher than the average in many rural areas. This suggests a stable housing market where property values are less likely to fluctuate dramatically, providing a reliable foundation for long-term investment.
While the 0.2% price-cut share and the N/A-day Days on Market (DOM) indicate limited potential for rapid appreciation, the focus should be on the consistent cash flow rather than short-term gains. The 17.6% renter share and median income of $61,901 further support this strategy, as they suggest a moderate demand for rentals and a reasonable income level among residents, ensuring a steady pool of tenants eligible for the Section 8 program.
In summary, ZIP 30633 serves as a dependable cash-flow anchor within a Section 8 portfolio due to the favorable rent spread and stable property values, making it a solid choice for landlords and small-portfolio investors seeking predictable returns.
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.