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 | $750 |
| 1 Bedroom | $910 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,260 |
| 4 Bedrooms | $1,530 |
| 5 Bedrooms | $1,775 |
| 6 Bedrooms | $1,988 |
| 7 Bedrooms | $2,147 |
| 8 Bedrooms | $2,254 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,260 | $239,520 | 0.53% | F |
| 4BR | $1,530 | $299,423 | 0.51% | F |
U.S. Census Bureau data (2024)
The ZIP code 30805 presents a significant opportunity for landlords and small-portfolio investors interested in Section 8 tenants. With a population of 2,585, this area has a substantial rental market, as 31.6% of residents are renters. This indicates a moderate concentration of potential Section 8 tenants, given that the program is primarily designed to assist low-income families and individuals.
The median household income in ZIP 30805 is $52,676, which provides context for understanding the economic conditions of the area. The average market rent of $777 represents a considerable portion of the local income. To be precise, the typical rent eats up about 14.8% of the median household income, calculated as $777 divided by $52,676 and multiplied by 100. This percentage highlights the financial strain that rent can place on households in this ZIP code, especially those relying on housing vouchers.
Comparatively, the Fair Market Rent (FMR) for ZIP 30805 is set at $970 for fiscal year 2024, according to the U.S. Department of Housing and Urban Development (HUD). This means that the actual market rent ($777) is below the HUD's FMR, suggesting that landlords in this area might find it advantageous to accept Section 8 vouchers, as they align more closely with the current rental prices.
A landlord in ZIP 30805 should expect tenants who are likely to be economically disadvantaged and reliant on housing assistance. These tenants will typically have an income that qualifies them for the Section 8 program, often under 50% of the area median income. In this case, that would mean an income below approximately $26,338, which is half of the median household income. Landlords should prepare for a tenant pool that includes families and individuals who may require additional support and services to maintain their housing stability.
In conclusion, ZIP 30805 is a mixed area but leans towards being a renter-heavy zone with notable voucher demand. Given the economic realities of the area, landlords can expect to attract tenants who are heavily reliant on housing subsidies to afford their living space.
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.