Location: Atlanta-Sandy Springs-Roswell, GA | Metro: Atlanta-Sandy Springs-Roswell, GA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,680 |
| 1 Bedroom | $1,750 |
| 2 Bedrooms | $1,900 |
| 3 Bedrooms | $2,260 |
| 4 Bedrooms | $2,690 |
| 5 Bedrooms | $3,120 |
| 6 Bedrooms | $3,494 |
| 7 Bedrooms | $3,774 |
| 8 Bedrooms | $3,963 |
The analysis of ZIP code 30003 within the Atlanta-Sandy Springs-Roswell, GA HUD Metro FMR area reveals several key points for landlords and small-portfolio investors.
First, let's address whether the rent math works. The Fair Market Rent (FMR) for the area is set at $2010 per month for FY 2024. However, without specific data on the market rent, it's challenging to make a direct comparison. Landlords should aim to align their rental prices with the FMR to ensure compliance and attract eligible tenants.
Moving on to the affordability of acquisition, the lack of specific figures for the median home value, days on market (DOM), and the percentage of homes that required a price cut, makes it difficult to provide a precise assessment. Typically, lower median home values, shorter DOM periods, and a smaller percentage of homes needing price reductions indicate a more favorable market for acquisition. Landlords and investors should seek out these metrics to determine if buying properties in this area is financially viable.
Lastly, regarding tenant demand, the absence of specific population numbers and the percentage of renters in the area hinders a detailed evaluation. Generally, a higher renter share and a larger population can signal strong demand for rental housing. These factors are crucial for landlords to consider when deciding whether to invest in this ZIP code.
Verdict: Despite the incomplete data, the ZIP code 30003 shows potential for landlords and small-portfolio investors due to the established FMR of $2010, which can serve as a benchmark for setting rental prices. To fully assess the market, investors must gather additional information on median home values, DOM, price-cut percentages, population size, and renter share. This will provide a clearer picture of the financial feasibility and tenant demand in the area, guiding informed investment decisions.
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.