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RentData.org Logo Banks County Fair Market Rent FY 2018 Banks County, GA Rental Data

Fair Market Rent Prices in Banks County, GA :
$561 $564 $680 $917 $1,046
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Affordable 40th Percentile Non-Metro

Fair Market Rent prices in Banks County are low compared to the national average. This FMR area is less expensive than 55% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Banks County is $680 per month.

The previous year, rent for a two-bedroom home was $636 per month. This is a 6.92% increase year-over-year.

This FMR rate applies to Homer, GA, Baldwin, GA, Maysville, GA, Commerce, GA and other cities within the region. The Metro Code or CBSA code for this region is NCNTY13011N13011.

Additionally, This Fair Market Rent (FMR) area Banks County, GA spans one county or city in Georgia which is listed in the table below. Estimated population of Banks County, GA FMR area is 18,395 people based on 2010 Census data.

Compared to the rest of Georgia, the Banks County FMR area is more expensive than 60% of the state.

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Banks County. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Banks County

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 589
1-BR 1-Bedroom $ 593
2-BR 2-Bedroom $ 714
3-BR 3-Bedroom $ 963
4-BR 4-Bedroom $ 1098
Change Year:

There is just one county (listed below) within the Banks County, GA FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: Atlanta.

County / Region Est. Population
Banks County, GA 18,395
Zip Codes in Banks County, GA

There are 4 unique zip codes in this Fair Market Rent (FMR) area:

30511, 30530, 30547 and 30558

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