Location: Athens-Clarke County, GA | Metro: Athens-Clarke County, GA MSA
| 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 |
The ZIP code 30647 is located in Ila, Georgia, representing a small-sized community with diverse demographics. It has a total population of approximately 5,647 residents. This working-class area is characterized by an affordable housing market, with median home values around $170,891 and a median household income of $35,647.
The median rent in ZIP 30647 is $990, which is notably lower than the Fair Market Rent (FMR) of $1,000 for the fiscal year 2024. This suggests a competitive rental market where landlords could potentially offer slightly higher rents without pricing out tenants.
The place fits well for a hands-off voucher operator due to its below-average cost of living and competitive rental market. However, it also offers opportunities for a hands-on value-add buyer given the recent growth in median household income and home values. The safety score of 75/100 indicates a very safe neighborhood with low crime rates, making it attractive for both types of investors.
The overall livability score of 69/100 reflects a fair quality of life, supported by amenities and housing options that are above average. With a median age of 40.9 years, the community is established and mature, offering stable tenancy prospects.
For landlords and small-portfolio investors, ZIP 30647 presents a balanced opportunity: it supports hands-off operations through its safety and stable rental market, while also allowing for value-add strategies due to its growing economic indicators and potential for property appreciation.
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.