Location: Morgan County, 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 | $1,500 |
| 1 Bedroom | $1,560 |
| 2 Bedrooms | $1,700 |
| 3 Bedrooms | $2,030 |
| 4 Bedrooms | $2,410 |
| 5 Bedrooms | $2,796 |
| 6 Bedrooms | $3,132 |
| 7 Bedrooms | $3,383 |
| 8 Bedrooms | $3,552 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $2,030 | $347,806 | 0.58% | F |
| 4BR | $2,410 | $445,815 | 0.54% | F |
U.S. Census Bureau data (2024)
The ZIP code 30055 presents a dynamic rental market influenced by various factors. With a Fair Market Rent (FMR) set at $1440 for the fiscal year 2024, landlords can align their rental prices with government guidelines, ensuring they remain competitive and fair. The actual market rent stands slightly higher at $1,639, indicating that the local rental market is robust and willing to pay above the FMR for quality accommodations.
The low price-cut share of 0.2% suggests that properties in this area are generally priced correctly from the outset, minimizing the need for landlords to reduce their asking rents to attract tenants. This is a positive sign, showing that the market is stable and tenants are ready to commit at the listed rates. The median home value of $369,789 provides insight into the overall economic health and desirability of the area, supporting a strong rental market.
A 4.8% renter share indicates that while homeownership remains the dominant form of housing in the area, there is a steady presence of renters. This relatively low percentage of renters could imply that over the long term, there might be less immediate pressure on rental units compared to areas with a higher proportion of renters. However, it also suggests that the area may have a consistent demand for rentals from those who prefer renting over buying, such as students, young professionals, or individuals waiting for the right opportunity to purchase.
The lack of available data on days on market (DOM) for rental listings could indicate that either the market is moving quickly, with units being leased shortly after becoming available, or that there isn't enough turnover to provide a reliable average. Given the other indicators, it's likely that the former is true, pointing towards a market where demand meets or slightly exceeds supply.
In summary, ZIP 30055 appears to be a market where demand closely follows supply, with rental prices reflecting a balance between government guidelines and local market conditions. The low renter share implies a steady but not overwhelming pressure on the rental sector, which can be advantageous for maintaining stable occupancy rates and avoiding rapid fluctuations in rental prices.
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.