Location: Dalton, GA | Metro: Dalton, GA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $880 |
| 1 Bedroom | $1,010 |
| 2 Bedrooms | $1,130 |
| 3 Bedrooms | $1,470 |
| 4 Bedrooms | $1,890 |
| 5 Bedrooms | $2,192 |
| 6 Bedrooms | $2,455 |
| 7 Bedrooms | $2,651 |
| 8 Bedrooms | $2,784 |
The ZIP code 30722 in Dalton County, Georgia, presents a unique set of characteristics that distinguish it from other areas. With a median family income of $46,851 and a median home value of $123,300, this area has a notable disparity between the two figures, indicating a potential reliance on housing assistance programs such as Section 8 vouchers.
The Fair Market Rent (FMR) for ZIP 30722 for fiscal year 2024 is set at $970. This figure represents the maximum amount that a landlord can charge for a rental unit under the Section 8 program. However, without specific data on the local rental market rates, it's challenging to compare the FMR directly to the market prices. The FMR serves as a benchmark for affordable housing, ensuring that tenants do not pay more than 30% of their adjusted income towards rent.
Given the economic conditions of ZIP 30722, landlords and small-portfolio investors should consider the stability of the tenant pool when deciding to accept Section 8 vouchers. While the data does not provide a direct snapshot of the current rental market dynamics, the significant gap between median income and home values suggests a potentially stable demand for subsidized housing options.
In conclusion, the data signature for ZIP 30722 reads as "stable," particularly due to the established need for affordable housing solutions like Section 8 vouchers. Landlords who accept these vouchers can benefit from a reliable source of income, even if it is tied to government-set rates rather than the open market. This ZIP code offers an opportunity for those willing to engage with the federal housing assistance program, providing both housing and financial security to low-income families.
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.