Location: Atlanta-Sandy Springs-Roswell, GA | Metro: Atlanta-Sandy Springs-Roswell, GA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,840 |
| 1 Bedroom | $1,920 |
| 2 Bedrooms | $2,090 |
| 3 Bedrooms | $2,490 |
| 4 Bedrooms | $2,960 |
| 5 Bedrooms | $3,434 |
| 6 Bedrooms | $3,846 |
| 7 Bedrooms | $4,154 |
| 8 Bedrooms | $4,362 |
U.S. Census Bureau data (2024)
Milton, Georgia (30004) is an upscale Atlanta suburb distinguished by spacious homes on multi-acre lots and a preserved rural heritage. The area is characterized by rolling landscapes and a strong emphasis on equestrian lifestyles. Families are drawn here by the highly-rated Fulton County school system, and the local economy benefits from proximity to major employers like the Coca-Cola bottling headquarters, which anchors the region's job market with high-wage positions.
Financially, this ZIP code commands a premium. The HUD Fair Market Rent (FMR) for a 2-bedroom unit stands at $2,110, while current market rents track slightly lower at $2,075, resulting in a negative gap of $35 between program limits and actual Zillow data. Median home values are substantial at $760,983, with a median 2BR sale price of $353,197. Properties move moderately fast, sitting on the market for a median of 52 days before going under contract.
Despite a renter share of only 25.9%, the tenant pool is robust due to a median household income of $156,100. This high income level suggests that any voucher holders will likely be employed seniors or working families seeking quality school districts. The lack of dense public transit reinforces a car-dependent culture, but the abundance of parks and top-rated schools sustains high housing demand from families wanting space without leaving the metro area.
The Section 8 verdict here hinges on appreciation rather than immediate cash flow. With HUD caps exceeding market rates by a thin margin, voucher tenants do not offer a premium spread. However, the area's high income and desirability support strong long-term asset growth. Investors should target multi-acre properties near top schools for stability, accepting tighter margins in exchange for capital preservation in a resilient luxury market.
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.