Location: Gordon County, GA | Metro: Rome, 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 | $740 |
| 1 Bedroom | $850 |
| 2 Bedrooms | $1,080 |
| 3 Bedrooms | $1,390 |
| 4 Bedrooms | $1,600 |
| 5 Bedrooms | $1,856 |
| 6 Bedrooms | $2,079 |
| 7 Bedrooms | $2,245 |
| 8 Bedrooms | $2,357 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,080 | $188,341 | 0.57% | F |
| 3BR | $1,390 | $232,108 | 0.6% | F |
U.S. Census Bureau data (2024)
The ZIP code 30733, located in Plainville, GA, presents an interesting scenario for both renters and landlords. The median household income in this area stands at $57,569. Given the market rate for rent at $756 per month (as per Census ACS data), it becomes evident that the average household can indeed afford the rent without significant strain. However, when compared to the Fair Market Rent (FMR) set at $1210 per month for fiscal year 2024, there is a notable gap between what landlords might expect and what the typical market rate is.
This gap has several implications. Firstly, with only 24.8% of the population being renters and a total population of 2,509, the competition among landlords is likely to be high. Landlords must be strategic in their pricing to attract tenants, especially considering that the FMR is significantly higher than the actual market rate. This suggests that many households may be looking for affordable housing options, making the lower market rate a critical factor in securing tenants.
The disparity also highlights the potential benefits of accepting Section 8 vouchers. While the FMR is higher, landlords who accept vouchers can benefit from a guaranteed and timely rental income. However, the decision to accept vouchers should be weighed against the administrative burden and the fixed payment rates. For landlords who prefer a simpler approach, relying on cash-paying tenants at the market rate could be more appealing, despite the lower monthly rent compared to FMR.
In conclusion, landlords in ZIP 30733 must consider the balance between accepting vouchers and attracting cash-paying tenants. Accepting vouchers means dealing with higher rent payments but also increased paperwork and regulations. On the other hand, focusing on cash-paying tenants allows for a smoother operation but may require setting rents closer to the market rate of $756 to remain competitive and fill units.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.