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 ZIP code 30042 in Georgia presents a unique snapshot of market conditions that can be interpreted to understand the underlying dynamics between supply and demand. The Fair Market Rent (FMR) for the area is set at $2010 for the fiscal year 2024, indicating a stable rental price point established by HUD for determining eligibility for housing assistance.
The absence of market rent data suggests that either there is limited data available on current rental rates or the market is relatively quiet. This could imply that the rental market in 30042 is not experiencing significant fluctuations, which might suggest a balanced market or one where demand closely follows supply. However, the lack of precise market rent figures makes it difficult to draw definitive conclusions about the current state of the rental market.
The data also lacks specifics on the percentage of price-cut share and the number of days on the market (DOM). Typically, a higher percentage of price cuts and longer DOM periods indicate a market where supply outpaces demand. Conversely, lower percentages and shorter DOM periods suggest a market where demand exceeds supply. Given the N/A status, we cannot determine if the market is currently favoring landlords or tenants.
The median home value is also listed as N/A, which could mean that the housing market data is not robust enough to provide an accurate figure. This could indicate a less active real estate market, but it could also be due to the lack of recent sales data. A less active market might be more susceptible to changes in supply and demand dynamics, especially when considering long-term trends.
The N/A% renter share is crucial for understanding the long-term housing pressure in 30042. While we do not have exact numbers, the absence of this statistic can imply several things. If the renter share is high, it suggests strong long-term housing pressure, as a larger portion of residents are renting rather than owning. This could lead to sustained demand for rental properties. On the other hand, if the renter share is low, it indicates a preference for homeownership, potentially reducing long-term rental pressures.
In summary, while ZIP 30042 shows a stable FMR, the lack of specific data points such as market rent, price-cut share, DOM, and median home value makes it challenging to definitively state whether supply outpaces demand or vice versa. The unknown renter share further complicates the analysis of long-term housing pressure, highlighting the need for more comprehensive data to fully assess the market's trajectory.
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.