Active11
Median $/door$194,500
Ask range$299,900–$2,400,000
Estimated cap6.0%n=4
Median DOM149

5 duplex · 0 triplex · 3 fourplex · 3 apartmentsGeorgia market report →Voucher Spread™

ACS 2023 · HUD FY2027 · 14 ZCTAs with ACS

Hall County housing stock & renter economics

Hall County apartment-building and small-multifamily investors concentrate in ZIPs where HUD Fair Market Rents sit above or beside ACS median gross rent. The table below is ZCTA housing stock and voucher benchmarks for commercial residential income underwriting, linked to each ZIP housing profile. Live FMLS set on this page: 11 buildings.

14 ZCTAs · 14 with ACS. Medians across ACS ZIPs; totals for stock. Not a listing feed.

Population
253,410
Households
86,885
Housing units
96,788
2-unit stock
1,339
3–4 unit stock
1,993
2–4 unit stock
3,332
5–49 unit stock
8,364
50+ unit stock
1,871
Median renter share
22.4%
ACS median rent
$1,119
Contract rent
$890
1BR SAFMR
$1,270
2BR SAFMR
$1,390
3BR SAFMR
$1,675
SAFMR / ACS rent
1.27×
Vacancy (ACS)
8.4%
Pop Δ 2018–2023
+6.8%
Median HH income
$75,315
Rent burden ≥30%
47.3%
Rent burden ≥50%
24.6%
LIHTC projects / units
29 / 2,960
HUD assisted MF
12 / 898
Alloc. 5+ permits
1,156

Hall County: median renter share 22.4%; ACS median gross rent $1,119; FY2027 2BR SAFMR $1,390; 2BR SAFMR is 1.27× ACS median gross rent; 1,339 units in 2-unit structures, 1,993 in 3–4-unit structures, and 8,364 in 5–49-unit structures; population up +6.8% between ACS 2018 and 2023; 29 LIHTC projects (2,960 units); 1,156 allocated 5+ unit permits (county BPS × ZCTA share). Census / HUD stock — not a rent roll and not a buy/sell score.

ZCTA ≈ USPS ZIP. ACS 5-year 2023 lags construction. Units-in-structure is Census standing stock (2-unit vs 3–4 vs 5–49 vs 50+), not the live FMLS card. SAFMR is a bedroom-specific HUD voucher benchmark, not asking rent. LIHTC / assisted-MF are inventory of record and belong on apartment pages. 5+ permits are county BPS 2025 allocated by ZCTA housing-unit share. Brokerage is Georgia-only.

11 Multifamily Investment Properties for Sale in Hall County

As of today, 11 active small multifamily listings in Hall County · median $194,500/door · median estimated cap 6.0% (n=4). Hall County (Gainesville and surrounding communities) offers a different profile from core metro Atlanta — more suburban and small-city multifamily with occasional larger assets. Lower entry prices relative to the inner metro and steady local employment support both cash-flow and longer-hold strategies. Lake Lanier proximity also adds a tourism and second-home element in some pockets.

Inventory is lighter than the core four counties but tends to include a mix of duplexes, small multi-unit buildings, and occasional higher-unit properties.

Current Market Snapshot

Active Listings11
Avg List Price$838,155
Avg $/Unit$202,795
Avg Cap Rate (est.)6.0%
Price Range$299,900 – $2,400,000
Avg Units4.1

HUD Fair Market Rent · Hall County (FY2026)

Studio$1,177
1 BR$1,381
2 BR$1,514
3 BR$1,834
4 BR$2,127

Cities in Hall County

Active inventory by city.

Showing 11 of 11 properties

Multifamily for sale: 535 Forrest Ave, Gainesville
9 Units
Incomplete
$2,400,000

535 Forrest Ave

Gainesville, GA

Units9
$/Unit$266,667
DOM188
Listing MLSID: 7744074 · Listing courtesy of Resource Brokers, LLC. · 770-540-7881

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