Location: Dalton, GA | Metro: Chattanooga, TN-GA MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $960 |
| 1 Bedroom | $1,100 |
| 2 Bedrooms | $1,230 |
| 3 Bedrooms | $1,600 |
| 4 Bedrooms | $2,060 |
| 5 Bedrooms | $2,390 |
| 6 Bedrooms | $2,677 |
| 7 Bedrooms | $2,891 |
| 8 Bedrooms | $3,036 |
U.S. Census Bureau data (2024)
The ZIP code 30710 stands out due to its unique demographic and economic characteristics. With a population of 7,360 residents, it has a rental rate of 15.2%, indicating that a significant portion of the housing stock is owner-occupied. The median income in this area is $78,819, which is above the national average, suggesting a relatively affluent community. However, the median home value is notably lower at $307,822, making it an attractive option for both renters and owners seeking affordable housing.
Moving to the specifics of Section 8 vouchers, the Fair Market Rent (FMR) for ZIP 30710 is set at $1,010 for the fiscal year 2024. This figure is below the market rent, which is reported at $1,089 according to the Census ACS. Landlords who participate in the Section 8 program can expect to receive a subsidy that covers the difference between the FMR and the tenant's contribution, typically 30% of their income. Given the median income of $78,819, a tenant's monthly contribution would be approximately $1,970. Therefore, landlords participating in the Section 8 program could receive a total payment of around $2,980 per month, which is slightly above the market rent of $1,089. This creates an opportunity for landlords to potentially earn more than they would from market-rate tenants.
The data signature for ZIP 30710 reads as stable. The relatively high median income suggests a financially secure resident base, while the lower median home value indicates a balance in housing costs. The disparity between the FMR and market rent also points towards a steady demand for subsidized housing without extreme volatility. For small-portfolio investors, this stability means predictable cash flows and reduced risk compared to transitional markets where fluctuations in income levels and housing values are more pronounced.
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.