Location: Atlanta-Sandy Springs-Roswell, GA | Metro: Atlanta-Sandy Springs-Roswell, GA HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,900 |
| 1 Bedroom | $1,980 |
| 2 Bedrooms | $2,160 |
| 3 Bedrooms | $2,570 |
| 4 Bedrooms | $3,060 |
| 5 Bedrooms | $3,550 |
| 6 Bedrooms | $3,976 |
| 7 Bedrooms | $4,294 |
| 8 Bedrooms | $4,509 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $2,160 | $338,503 | 0.64% | D |
| 3BR | $2,570 | $462,764 | 0.56% | F |
| 4BR | $3,060 | $669,999 | 0.46% | F |
| 5BR | $3,550 | $996,197 | 0.36% | F |
U.S. Census Bureau data (2024)
Johns Creek, specifically the 30022 ZIP code, stands out as an affluent master-planned community in Fulton County, consistently ranked among the best places to live in Georgia for its high quality of life and safety. The area is characterized by manicured subdivisions, extensive green spaces like the Newtown Park, and a strong family-oriented atmosphere. Economically, the city benefits from a robust corporate presence, with major employers including the headquarters of Emory Johns Creek Hospital and various technology firms clustered along the State Bridge Road corridor, providing a stable local employment base that attracts high-income residents.
From a data perspective, the market shows a distinct divergence between market rates and HUD payment standards. The FY2026 HUD Fair Market Rent (FMR) for a 2-bedroom unit is set at $2,300, yet the current market rent (Zillow ZORI) sits lower at $1,838, creating a safety margin of $462. Median home values are substantial at $678,051, while inventory moves relatively quickly with a median of 41 days on market. It is important to note the HUD SAFMR is listed at $2,390, providing an even larger potential buffer above market rates for voucher holders.
With a median household income of $153,294 and a renter share of just 23.9%, 30022 is overwhelmingly an owner-occupied market. This demographic profile suggests a tenant pool that is likely employed and stable, potentially seeking higher-end rentals that match the area’s top-rated school clusters, such as those within the Fulton County School District. However, the low percentage of renters indicates a competitive environment for finding units, and landlords must consider if the local market supports the premium HUD numbers without significant concessions.
The Section 8 verdict for 30022 leans heavily toward stability and appreciation rather than aggressive cashflow. While the $462 gap between the $2,300 FMR and $1,838 market rent is positive, the high median home value of $678,051 means cap rates will be compressed. Investors should view this area as a defensive play where the high income demographics and institutional demand for housing protect asset value, rather than a high-yield cash flow market typical of lower-income neighborhoods.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.