Location: Grady County, GA | Metro: Decatur County, GA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $790 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,270 |
| 4 Bedrooms | $1,350 |
| 5 Bedrooms | $1,566 |
| 6 Bedrooms | $1,754 |
| 7 Bedrooms | $1,894 |
| 8 Bedrooms | $1,989 |
U.S. Census Bureau data (2024)
The ZIP code 39834 stands out due to its unique mix of economic indicators and housing dynamics. With a population of 2,251 residents, 23.9% of whom rent their homes, this area has a median household income of $47,708 and a median home value of $217,976. These figures paint a picture of a community where homeownership is relatively accessible but still a significant portion of the population relies on rental properties.
In terms of Section 8 voucher economics, the disparity between the Fair Market Rent (FMR) and the actual market rent is notable. For fiscal year 2026, the FMR for the metro area is set at $970 per month, whereas the Census ACS indicates that the average market rent is $688 per month. This difference means that landlords participating in the Section 8 program can expect higher rental incomes compared to the local market rates, making it an attractive option for those looking to manage rental properties in this ZIP code.
The data suggests that ZIP 39834 is currently in a stable phase. The relatively low percentage of renters and high median home values indicate a strong preference for homeownership among the majority of residents. However, the presence of a Section 8 program, along with the gap between FMR and market rents, also supports a need for affordable rental options, which keeps a segment of the housing market active and ensures that lower-income families have access to suitable living conditions.
Landlords and small-portfolio investors should take note of these factors when considering investment opportunities in ZIP 39834. The stable nature of the ZIP code combined with the potential for higher rental income through the Section 8 program could present a solid financial opportunity.
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.