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Lumpkin County, GA

The Fair Market Rent for a 2-bedroom in Lumpkin County, GA is $1,245 per month, ranking #350 out of 693 areas nationwide. The area median household income is $72,388, meaning a household spending Fair Market Rent on a 2-bedroom would pay 20.6% of income on housing. The area has a population of 34K, with 21.6% of households renting.

20.6%
Moderately Affordable
of income → rent
$1,245
2BR Fair Market Rent
vs $1,250 national median
$72,388
Median Income
vs $71,049 national
$1,090
Actual Median Rent
Census ACS estimate
34K
Population
Census ACS
21.6%
Renters
of occupied housing
$277,200
Median Home Value
3.2%
Unemployment
BLS LAUS
14.6%
Vacancy Rate
of housing units
15.7%
Poverty Rate
below poverty line

Fair Market Rent by Bedroom Size

$1,085
Studio
$1,136
1 Bedroom
$1,245
2 Bedroom
$1,577
3 Bedroom
$2,089
4 Bedroom

Fair Market Rents (FMRs) are set annually by the U.S. Department of Housing and Urban Development and represent the 40th percentile of gross rents for standard-quality units in an area. FMRs are used to determine payment standards for the Housing Choice Voucher program and other federal housing assistance.

Housing Affordability

In Lumpkin County, GA, a household earning the area median income of $72,388 would spend 20.6% of their gross income on a 2-bedroom at Fair Market Rent. This falls below HUD's 30% cost-burden threshold, meaning housing is relatively affordable for median-income households in this area.

Income Needed for 2BR
$49,800
annual (30% threshold)
Hourly Wage Needed
$24
full-time (2,080 hrs/yr)
Actual Median Rent
$1,090
$155 below FMR

Minimum Wage Affordability

The minimum wage in Georgia is $7.25/hr. A minimum-wage worker would need to work 132.1 hours per week to afford a 2-bedroom at Fair Market Rent without exceeding 30% of income on housing. This means a single minimum-wage earner cannot afford a 2-bedroom working a standard 40-hour week. The poverty rate in Lumpkin County is 15.7%, near the national average of approximately 12.4%.

State Min Wage
$7.25/hr
Hours/Week Needed
132.1 hrs
Poverty Rate
15.7%

Housing Market Context

The median home value in Lumpkin County is $277,200. At a median income of $72,388, this represents a price-to-income ratio of 3.8x. 14.6% of housing units in the area are vacant, which is above the national average and may indicate softer demand or seasonal housing. The local unemployment rate is 3.2%, below the national average, indicating a relatively strong local labor market.

Rent vs. Buy
$1,940 est. mortgage
vs $1,245 FMR rent
Vacancy Rate
14.6%
of housing units
Unemployment
3.2%
BLS, latest available

Other Areas in Georgia

Atlanta-Sandy Springs-Roswell
$1,820/mo
2BR FMR · 25.3% burden
Savannah
$1,680/mo
2BR FMR · 27% burden
Gainesville
$1,514/mo
2BR FMR · 23.5% burden
Morgan County
$1,442/mo
2BR FMR · 20.2% burden
Hinesville
$1,406/mo
2BR FMR · 28% burden

Compare Lumpkin County

vs Atlanta-Sandy Springs-Roswell, GAvs Savannah, GAvs Gainesville, GA

Areas With Similar Rent to Lumpkin County

Frequently Asked Questions

The HUD Fair Market Rent for a 2-bedroom in Lumpkin County, GA is $1,245 per month. A studio is $1,085/mo, a 1-bedroom is $1,136/mo, and a 3-bedroom is $1,577/mo. The actual median gross rent from Census data is $1,090/mo.

Lumpkin County has a rent burden of 20.6%, meaning a household earning the median income of $72,388 would spend 20.6% of income on a 2-bedroom at Fair Market Rent. This is below HUD's 30% cost-burden threshold, indicating relatively affordable housing. To afford a 2-bedroom without being cost-burdened, a household would need an annual income of at least $49,800.

Lumpkin County's 2-bedroom Fair Market Rent of $1,245/mo is $5 below the national median of $1,250/mo. Lumpkin County ranks #350 out of 693 areas for highest rent in the United States.

To afford a 2-bedroom at Fair Market Rent in Lumpkin County without spending more than 30% of income on housing, you would need an annual household income of at least $49,800, or a full-time hourly wage of $24/hour. The area median income is $72,388.

Fair Market Rents represent the 40th percentile of gross rents for standard-quality rental units. Rent burden is calculated as annual 2BR FMR divided by area median household income. Census data (income, home value, population, vacancy) is from the ACS 5-Year estimates. Unemployment rates are from BLS Local Area Unemployment Statistics.