Location: Chattooga County, GA | Metro: Chattanooga, TN-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 | $830 |
| 1 Bedroom | $840 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,360 |
| 4 Bedrooms | $1,580 |
| 5 Bedrooms | $1,833 |
| 6 Bedrooms | $2,053 |
| 7 Bedrooms | $2,217 |
| 8 Bedrooms | $2,328 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,360 | $401,497 | 0.34% | F |
U.S. Census Bureau data (2024)
920 is the Fair Market Rent (FMR) for ZIP 30731 as of fiscal year 2024, setting a clear benchmark for rental properties in the area. 815 represents the average market rent based on Census ACS data, indicating a slight gap between the actual rents charged and the FMR. With a median home value of 270,205, potential investors can assess the overall property values and the market's stability. The 26.3 percentage of renters in the area highlights a significant portion of the population relying on rental housing, which is crucial for understanding demand. At 51,473, the median income figure suggests the financial capability of residents to afford the rent. Despite the lack of specific data on days on market (DOM), the 0.3 percent price-cut share indicates that landlords rarely need to reduce their asking prices, pointing to a strong rental market. Given these numbers, the Fair Market Rent at 920 aligns well with the local rental market conditions and the economic capacity of the residents. Landlords and small-portfolio investors should find the current environment favorable for Section 8 participation, as it offers a reliable source of rental income without the risk of vacancy or non-payment.
Section 8 in ZIP 30731 is a viable option for investors looking to secure stable rental income.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.