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 investment risk assessment for ZIP code 30010 in an unspecified location in Georgia reveals several potential issues that could impact a landlord's decision to participate in the Section 8 program. Firstly, tenant turnover could be problematic due to the lack of available market rent data compared to the $2010 Fair Market Rent (FMR) for fiscal year 2024. This uncertainty can lead to difficulties in predicting the financial stability of tenants.
Vacancy exposure is another concern, as there is no information on the number of days on market (DOM) for rental properties in this area. A higher DOM suggests a longer period where the property might remain vacant, increasing the risk of lost rental income.
Deferred maintenance is also a significant risk factor. Without knowing the typical home values and median incomes in ZIP 30010, it's challenging to assess the likelihood that tenants will keep the property well-maintained. Lower median incomes could indicate that tenants have less disposable cash to spend on repairs and maintenance, potentially leading to a higher need for landlords to cover these costs themselves.
However, the high renter share in the area, though the exact percentage is not provided, generally implies a robust demand for rental housing, including those using Section 8 vouchers. This demand can mitigate some of the risks associated with tenant turnover and vacancy rates, as there is likely to be a steady stream of potential tenants.
In summary, despite the uncertainties around market rents, DOM, and deferred maintenance, the high concentration of renters in ZIP 30010 suggests strong demand for subsidized housing. The verdict on the risk level for a first-time Section 8 landlord in this area is moderate risk.
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.