Location: Augusta-Richmond County, GA | Metro: Augusta-Richmond County, GA-SC HUD Metro FMR Area
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 | $890 |
| 1 Bedroom | $1,080 |
| 2 Bedrooms | $1,190 |
| 3 Bedrooms | $1,500 |
| 4 Bedrooms | $1,820 |
| 5 Bedrooms | $2,111 |
| 6 Bedrooms | $2,364 |
| 7 Bedrooms | $2,553 |
| 8 Bedrooms | $2,681 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,190 | $227,842 | 0.52% | F |
| 3BR | $1,500 | $385,811 | 0.39% | F |
| 4BR | $1,820 | $631,951 | 0.29% | F |
| 5BR | $2,111 | $829,494 | 0.25% | F |
U.S. Census Bureau data (2024)
The classification of ZIP code 30802 (Appling, GA) on the axes of yield and stability reveals a unique investment scenario. On the yield axis, the Federal Market Rent (FMR) for fiscal year 2024 is set at $1090, while the market rent stands at $913. This indicates a potential for higher rental income compared to the local market average, given that FMR is often used as a benchmark for fair market rates. The median home value of $454,216 suggests a relatively high capital investment for properties in this area.
Moving to the stability axis, the data paints a picture of a less robust market. With only 13.0% of residents being renters, there is a limited pool of potential tenants, which could affect the consistency of cash flow. Additionally, the lack of available data on days on market (DOM) implies either an underdeveloped rental market or infrequent property turnovers, both of which can impact the predictability of returns. The median household income of $85,625 provides some assurance regarding the financial capacity of the residents but does not fully compensate for the low percentage of renters.
Based on these figures, ZIP 30802 leans towards being a steady-cashflow zone. Although it offers a decent yield potential due to the higher FMR compared to the market rent, the limited number of renters suggests a market that is not prone to rapid changes or speculative flips. The higher income level supports the ability to pay market rents, making it a stable choice for long-term investments where consistent cash flow is prioritized over quick, high-yield returns.
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.