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: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,000 | $177,040 | 0.56% | F |
| 3BR | $1,260 | $261,107 | 0.48% | F |
| 4BR | $1,530 | $342,739 | 0.45% | F |
| 5BR | $1,775 | $380,442 | 0.47% | F |
U.S. Census Bureau data (2024)
The ZIP code 30814, located in Harlem, Georgia, stands out within Columbia County due to several key factors. With a population of 10,682, it has a relatively low percentage of renters at 24.6%, suggesting that homeownership is more prevalent. The median household income is $74,129, which is above the national average, indicating a financially stable community. The median home value of $292,454 further supports the notion of economic stability, as it reflects the high value placed on property in the area.
When it comes to Section 8 voucher economics, the Fair Market Rent (FMR) for ZIP 30814 is set at $920 for fiscal year 2024. This figure is slightly below the Census-reported market rent of $962, which could be seen as an advantage for landlords who accept vouchers, as they can still charge close to market rates while receiving government subsidies. However, the gap between the FMR and market rent also suggests that landlords might face some challenges in attracting tenants who rely solely on vouchers, especially if the difference is significant enough to deter potential renters.
Based on the data signature of ZIP 30814, the area appears to be relatively stable. The high median home value and median income suggest a strong local economy where homeownership is favored over renting. While the rental market is smaller compared to other areas, the proximity of the FMR to the actual market rent indicates that the voucher program can still be viable for landlords. Overall, the data points to a community that is financially secure and likely to remain so, making it a good investment for those interested in long-term stability.
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.