Location: Dalton, 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 | $790 |
| 1 Bedroom | $900 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,310 |
| 4 Bedrooms | $1,670 |
| 5 Bedrooms | $1,937 |
| 6 Bedrooms | $2,169 |
| 7 Bedrooms | $2,343 |
| 8 Bedrooms | $2,460 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,310 | $283,507 | 0.46% | F |
| 4BR | $1,670 | $393,758 | 0.42% | F |
U.S. Census Bureau data (2024)
The ZIP code 30740 stands out in XX County with a population of 8,556 residents, where only 11.1% rent their homes. The median household income is $79,671, indicating a relatively affluent area. However, the median home value at $287,409 suggests that homeownership is a significant financial commitment for those who choose to buy.
Moving into the specifics of Section 8 housing, the Fair Market Rent (FMR) for ZIP 30740 is set at $1,020 for fiscal year 2024. This figure is notably higher than the average market rent of $728, as reported by the Census Bureau's American Community Survey. This discrepancy means that landlords participating in the Section 8 program can expect a higher rental rate compared to the local market, potentially making it an attractive option for property owners in this ZIP code.
The voucher economics in ZIP 30740 present a unique opportunity for landlords. With the FMR exceeding the market rent, landlords could see a financial benefit from accepting Section 8 vouchers. This higher FMR also implies that tenants with vouchers may have more flexibility in choosing their living arrangements, which could increase demand for rental properties in this ZIP code.
Evaluating the overall data signature, ZIP 30740 appears to be a stable area. The relatively high median income and median home value suggest a strong economic foundation. Additionally, the low percentage of renters indicates a preference for homeownership, which is generally associated with long-term stability. The higher FMR compared to the market rent provides further evidence of stability, as it ensures that landlords receive fair compensation even during periods of economic fluctuation.
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.