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 | $790 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,380 |
| 4 Bedrooms | $1,660 |
| 5 Bedrooms | $1,926 |
| 6 Bedrooms | $2,157 |
| 7 Bedrooms | $2,330 |
| 8 Bedrooms | $2,447 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,000 | $147,279 | 0.68% | D |
| 3BR | $1,380 | $225,353 | 0.61% | D |
| 4BR | $1,660 | $357,227 | 0.46% | F |
U.S. Census Bureau data (2024)
The real estate market in Summerville, Georgia (ZIP 30747) presents a unique opportunity for both landlords and small-portfolio investors, anchored by several key metrics. The median home value stands at $184,663, indicating a relatively affordable housing market. With only 0.2% of listings experiencing price reductions, it's clear that sellers maintain a strong pricing power, which suggests a stable demand environment where buyers are willing to meet asking prices.
The N/A-day median days on market (DOM) figure indicates either an exceptionally quick turnover or a very low inventory situation, both of which point towards a tight housing market. This scarcity can bolster property values, as competition among buyers drives up prices. For those considering long-term investments, the setup implies a potential for steady appreciation, though this must be weighed against broader economic factors and local market conditions.
On the rental side, the Fair Market Rent (FMR) for ZIP 30747 in fiscal year 2024 is projected at $900, while the current market rent based on Census ACS data is $769. This gap signals a favorable rental market, where properties could command higher rents than their current market value. Landlords might see an increase in rental income as the market adjusts to the higher FMR, enhancing the profitability of rental properties.
For long-hold investors, the realistic appreciation thesis hinges on the interplay between housing demand, rental dynamics, and broader economic trends. Given the current pricing power and the potential for rental income growth, there is a solid foundation for continued value appreciation. However, investors should remain cautious and monitor local economic indicators and housing trends closely to ensure alignment with their investment goals.
In summary, the combination of a stable median home value, minimal price reductions, and a favorable rental market in Summerville, GA, supports a positive outlook for real estate investments over the next 12-24 months. These factors collectively suggest a robust environment for both property owners and investors looking to capitalize on the local real estate market.
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.