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 30919 in Georgia presents a unique snapshot of the rental market dynamics, particularly concerning Section 8 properties. The Fair Market Rent (FMR) for the area, set at $1110 for the fiscal year 2024, provides a benchmark for rental pricing. However, the absence of current market rent data suggests that there might be limited recent activity or reporting in this segment, making it challenging to compare the FMR against actual rental rates.
The lack of percentage share for price-cut properties and days on market (DOM) indicates a potential scarcity of data on property listings that have been reduced in price or the time they remain unsold. This could imply either a robust market where properties sell quickly at asking prices, or a less active market where fewer transactions occur, leaving insufficient data points for analysis.
ZIP 30919's median home value being listed as N/A also reflects a similar issue, possibly due to a low volume of home sales or a lack of comprehensive reporting. This absence of key figures makes it difficult to assess whether supply currently outpaces demand or vice versa. However, the presence of an FMR figure without corresponding market rent or home value data suggests that the rental market, especially for government-subsidized housing, may be more active or regulated compared to the broader real estate market.
The N/A% renter share, which typically indicates the proportion of renters in the total housing stock, is another critical missing piece. If we were to infer based on the limited data available, the absence of a significant renter population share could suggest that homeownership is relatively high in the area. This would imply lower immediate pressure on rental markets but could also indicate potential long-term challenges if economic conditions shift and increase the need for affordable rentals.
In summary, ZIP 30919 appears to be a market characterized by a strong focus on rental pricing through established FMR guidelines, yet lacking in comprehensive data to fully understand its supply-demand balance and broader housing trends. Landlords and small-portfolio investors should consider these dynamics when evaluating opportunities in the area.
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.