Section 8 Fair Market Rent (FMR) for ZIP 30046 - 2027

Investment Score for ZIP 30046

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,480
1 Bedroom	$1,540
2 Bedrooms	$1,680
3 Bedrooms	$2,000
4 Bedrooms	$2,380
5 Bedrooms	$2,761
6 Bedrooms	$3,092
7 Bedrooms	$3,339
8 Bedrooms	$3,506

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
2BR	$1,680	$262,131	0.64%	D
3BR	$2,000	$321,527	0.62%	D
4BR	$2,380	$379,731	0.63%	D
5BR	$2,761	$436,862	0.63%	D

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

### Market Analysis for ZIP Code 30046 (Lawrenceville, GA) #### Section 8 Voucher Dynamics The Fair Market Rent (FMR) for ZIP code 30046 in 2026 is set at $1690 for a two-bedroom unit, which represents 30.1% of the median household income of $67,268. This means that a significant portion of the population could potentially qualify for Section 8 vouchers based on their income levels. However, the actual rent in the area can be considerably higher. For instance, the Zillow median price for a two-bedroom home is $262,939, which translates into a rental cost significantly above the FMR when considering typical rental yields. The price-to-FMR ratio of 13.0x indicates that the actual rental costs are much higher than the FMR, creating a substantial gap between what landlords might charge and what voucher holders can afford. This gap constrains voucher holders to a limited number of units that fall within the FMR range, making it challenging for them to find suitable housing. #### Affordability & Renter Profile ZIP code 30046 has a high percentage of renters at 46.6%, indicating a strong demand for rental properties. With a median household income of $67,268, many residents may struggle to afford the higher-than-FMR rents, especially those relying on Section 8 vouchers. The occupancy rate of 96.5% suggests that the rental market is quite tight, with few vacant units available. This tightness can be attributed to the high demand and limited supply of affordable units, particularly those that fall within the FMR range. Given these dynamics, it is likely that the majority of renters are either low-income families who rely on assistance programs like Section 8 or individuals who have higher incomes but still prefer renting due to the financial benefits or lifestyle choices. #### Investor Angle From an investor perspective, the ZIP code 30046 presents both opportunities and challenges. The FMR for a two-bedroom unit is $1690, which is significantly lower than the actual median rental price derived from the Zillow median price. To determine if this ZIP code is cash-flow positive at FMR, we need to consider the typical rental yield and operating expenses. Assuming a conservative rental yield of 5%, the monthly rental income from a property priced at $262,939 would be approximately $1095. However, this figure does not account for mortgage payments, maintenance, insurance, and other operational costs, which would likely exceed the FMR amount. Therefore, while the FMR provides a benchmark for affordability, it is unlikely that investors would find the market cash-flow positive at these rates without additional subsidies or incentives. In terms of investment grade, the high price-to-FMR ratio and tight occupancy rate suggest that the market is somewhat risky for traditional buy-and-hold investors. The potential for vacancy and the need to compete with higher-priced rentals could make it difficult to maintain a steady cash flow. However, for investors willing to work within the Section 8 program and accept the lower rents, there may be opportunities to acquire properties at a discount and benefit from long-term, stable tenancies. #### Specific Actionable Insights 1. **Focus on Units Within FMR Range**: Investors should focus on acquiring or developing units that fall within the FMR range, particularly for two-bedroom and three-bedroom units. These units are most likely to attract Section 8 voucher holders, ensuring a steady stream of tenants. For example, a two-bedroom unit priced at $1690 per month would be attractive to voucher holders and could provide a stable source of income. 2. **Consider Multi-Family Developments**: Given the high demand for rental properties and the tight market conditions, multi-family developments could be a viable option. These developments can offer economies of scale and diversify risk across multiple units. Additionally, multi-family properties often have a higher likelihood of being rented by families who may qualify for Section 8 vouchers. 3. **Engage with Local Housing Authorities**: To navigate the complexities of the Section 8 program, investors should engage with local housing authorities. Understanding the specific requirements and processes for participating in the program can help streamline the acquisition and management of rental properties. This engagement can also provide insights into future trends and changes in the FMR that could impact investment decisions. #### Bottom Line For Section 8-focused investors, the recommendation for ZIP code 30046 is to **Buy** with caution. While the high demand for rental properties and the significant percentage of renters create a robust market, the tight occupancy rate and high price-to-FMR ratio indicate that finding cash-flow positive investments at FMR alone may be challenging. Investors should focus on units that fall within the FMR range and consider multi-family developments to maximize their chances of success. Engaging with local housing authorities can also provide valuable support and guidance in navigating the complexities of the Section 8 program. Overall, the ZIP code offers a promising opportunity for those willing to invest in affordable housing and work within the constraints of the FMR.

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.