Location: Augusta-Richmond County, GA | Metro: Augusta-Richmond County, GA-SC HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,010 |
| 1 Bedroom | $1,210 |
| 2 Bedrooms | $1,340 |
| 3 Bedrooms | $1,690 |
| 4 Bedrooms | $2,050 |
| 5 Bedrooms | $2,378 |
| 6 Bedrooms | $2,663 |
| 7 Bedrooms | $2,876 |
| 8 Bedrooms | $3,020 |
The ZIP code 30912 is located in Augusta, Georgia. It is a neighborhood primarily characterized by a small population and a high median age of 63.5 years. This suggests it is predominantly a residential area with a significant elderly demographic. The majority of housing units are owner-occupied or have mortgages, indicating a preference for homeownership over renting.
Unfortunately, specific data regarding the percentage of renters, median income, and median home value for ZIP code 30912 was not readily available. However, based on the limited information, it appears that the area is less inclined towards rental properties compared to ownership.
In terms of rent economics, the Fair Market Rent (FMR) for ZIP 30912 in fiscal year 2024 is set at $1110. While the exact market rent is not specified, the FMR serves as a benchmark for rental costs in the area. Landlords operating under the Section 8 program can expect to receive payments up to this amount per unit, which may be lower than the typical market rent.
Given the characteristics of ZIP 30912, it seems better suited for hands-off voucher operators rather than hands-on value-add buyers. The elderly demographic and the preference for homeownership indicate a stable but potentially less dynamic investment environment. Landlords should focus on providing reliable, affordable housing that meets the needs of this community, without expecting rapid growth or significant property value increases.
Data Sources: FMR data from HUD (2027).
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.