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 | $1,680 |
| 1 Bedroom | $1,750 |
| 2 Bedrooms | $1,910 |
| 3 Bedrooms | $2,280 |
| 4 Bedrooms | $2,700 |
| 5 Bedrooms | $3,132 |
| 6 Bedrooms | $3,508 |
| 7 Bedrooms | $3,789 |
| 8 Bedrooms | $3,978 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,910 | $281,678 | 0.68% | D |
| 3BR | $2,280 | $353,019 | 0.65% | D |
| 4BR | $2,700 | $434,669 | 0.62% | D |
| 5BR | $3,132 | $538,824 | 0.58% | F |
U.S. Census Bureau data (2024)
Lilburn 30047 is an established suburban community in Gwinnett County known for its family-friendly atmosphere and access to major Atlanta-area employment hubs. The area features a mix of 1980s ranch homes and new construction, with local character defined by amenities like the popular Lilburn City Park and the expansive Stone Mountain Park nearby. A significant economic anchor for the region is the Walmart Supercenter and associated retail corridor along Lawrenceville Highway, which provides steady local service jobs and contributes to the area’s convenience for residents.
Financially, the ZIP presents a moderate spread between subsidy limits and market performance. The FY2026 HUD Fair Market Rent for a 2-bedroom unit is $1,960, while Zillow’s market rent index sits at $1,931, resulting in a negligible premium gap of $29 in favor of the voucher. With a median home value of $398,180 and properties lingering a median of 61 days on market, investors face modest turnover costs. Cash-flow is technically feasible but tight; the $29 differential is unlikely to cover significant maintenance or vacancy reserves, meaning margins rely heavily on acquisition price discipline relative to the $279,547 median 2BR sales price.
The tenant pool is bolstered by solid fundamentals, including a median household income of $88,652 and a renter share of 24.0%, indicating a predominantly owner-occupied but stable rental market. Demand is reinforced by the Gwinnett County Public School system, which generally receives high ratings for local elementary and middle schools, attracting families who may utilize voucher programs. While the area is largely car-dependent, access to I-85 via nearby Pleasant Hill Road connects commuters to downtown Atlanta employment centers, supporting a consistent demand for quality housing.
The Section 8 verdict for Lilburn 30047 leans toward stability and appreciation rather than aggressive cash-flow. The high median income and strong school district suggest that voucher holders here are likely employed and stable, reducing turnover risk. However, the minimal gap between the $1,960 FMR and $1,931 market rent caps immediate yield potential. Investors should target this area for long-term equity growth and tenant retention, accepting that monthly spreads will be slim until market rents outpace the HUD FMR ladder.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.