Location: Athens-Clarke County, GA | Metro: Athens-Clarke County, GA MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,350 |
| 1 Bedroom | $1,360 |
| 2 Bedrooms | $1,580 |
| 3 Bedrooms | $1,980 |
| 4 Bedrooms | $2,080 |
| 5 Bedrooms | $2,413 |
| 6 Bedrooms | $2,703 |
| 7 Bedrooms | $2,919 |
| 8 Bedrooms | $3,065 |
The ZIP code 30645 in Georgia lacks comprehensive demographic data, which makes it challenging to provide a detailed analysis. However, based on the available information, we can infer some key points about the suitability of this area for landlords looking to attract Section 8 tenants.
Section 8 housing is designed to assist low-income families, the elderly, and the disabled. The Fair Market Rent (FMR) for ZIP 30645 is set at $1410 per month for FY 2024. This figure represents the maximum amount that a Section 8 voucher holder can pay towards rent in this area.
Without specific percentages of renters or median household income, we cannot definitively state whether this ZIP code is renter-heavy or dominated by homeowners. However, given the presence of Section 8 vouchers, it suggests that there is a population segment that relies on government assistance for housing, indicating potential demand for affordable rental properties.
To understand the financial dynamics between local income and market rents, more precise data on median household income would be necessary. Nevertheless, if we assume that the typical market rent aligns closely with the FMR, then the rent constitutes a significant portion of the average income, especially for those receiving Section 8 assistance. This implies that landlords in ZIP 30645 must offer competitive and affordable rents to attract and retain tenants who use vouchers.
The expected tenant profile in this ZIP code would likely include individuals and families who qualify for Section 8 assistance due to their low-income status. These tenants would have a strong preference for properties where the rent does not exceed the $1410 threshold. Landlords should prepare to work with the local housing authority to ensure compliance with Section 8 regulations and to facilitate the rental process for these tenants.
In conclusion, while the lack of specific demographic data hinders a complete picture, the existence of Section 8 vouchers in ZIP 30645 points to an area with potential for affordable rental housing. Landlords should focus on providing well-maintained, reasonably priced units to cater to this tenant pool effectively.
Data Sources: FMR data from HUD (2027).
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.