Location: Warren County, GA | Metro: Glascock County, GA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $790 |
| 1 Bedroom | $790 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,190 |
| 4 Bedrooms | $1,470 |
| 5 Bedrooms | $1,705 |
| 6 Bedrooms | $1,910 |
| 7 Bedrooms | $2,063 |
| 8 Bedrooms | $2,166 |
U.S. Census Bureau data (2024)
The analysis for ZIP code 30823 reveals a significant gap between the Fair Market Rent (FMR) set by the U.S. Department of Housing and Urban Development and the actual market rent based on Census ACS data. The FMR for the metro area in fiscal year 2026 is established at $970, whereas the current market rent stands at $741. This results in a gap of $229, representing approximately 30.8% below the FMR.
The discrepancy indicates that landlords and small-portfolio investors can leverage this situation to achieve higher yields. Despite the market rent being lower, voucher tenants can provide a steady stream of income that aligns with the higher FMR. Given that 42.0% of residents are renters, there is a substantial demand for affordable housing options. With a median home value of $170,119 and a median income of $61,607, many residents likely qualify for housing assistance programs, making it advantageous for property owners to participate in the Section 8 program.
The potential to receive rents closer to the FMR of $970, rather than the market rate of $741, means that landlords can capitalize on the difference. This plays directly into the strategy of maximizing returns through government subsidies. The higher rental income, coupled with the stability provided by voucher tenants, positions properties in ZIP 30823 as attractive investments for those looking to improve their cash flow and overall portfolio performance.
Data Sources: FMR data from HUD (2027). 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.