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 |
To classify ZIP code 30914 in Georgia, we need to focus on the available data points: the Fair Market Rent (FMR) for the area, which is set at $1110 for the fiscal year 2024, and the lack of specific market rent and home value figures. Without the comparative market rent and home values, it's challenging to fully assess the yield potential. However, the FMR can serve as a baseline for rental pricing expectations.
The stability metrics for ZIP 30914 are also incomplete. We don't have the percentage of renters, days on the market (DOM), or median household income, which would provide a clearer picture of the economic health and tenant reliability in the area.
Given the available data, we can make an initial assessment based on the FMR alone. With a FMR of $1110, landlords can expect to receive this amount per unit if they align their rents with the federal guidelines. This figure suggests a moderate yield, assuming that the actual market rent is close to the FMR. If the market rent significantly exceeds $1110, then the area could be considered higher yield. Conversely, if the market rent is lower, the yield would be less attractive.
The lack of stability indicators makes it difficult to determine how reliable the cash flow will be over time. High stability is typically associated with a high percentage of renters, low DOM, and strong median income levels. Since these figures are not provided, we cannot confidently state whether the area offers steady cash flow or is prone to fluctuations.
In conclusion, ZIP 30914 appears to be a moderate-yield market due to the FMR being the only concrete figure. The stability of the market remains uncertain without additional data. Landlords and investors should seek out supplementary local market reports and consult with real estate professionals to get a more comprehensive understanding before making investment decisions.
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.