Section 8 Fair Market Rent (FMR) for ZIP 30056 - 2027

Investment Score for ZIP 30056

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

Investment Analysis by Bedroom Size

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

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

When considering whether to invest in ZIP code 30056 for Section 8 properties, follow these steps:

Step 1: Determine if the Fair Market Rent (FMR) of $1250 can cover the debt service on a property valued at $357,835.

• If yes: The FMR of $1250 is likely sufficient to cover the monthly mortgage payment and other expenses associated with a property priced at $357,835. This makes the ZIP code financially viable for Section 8 investments.
• If no: The FMR of $1250 does not sufficiently cover the debt service on a $357,835 property, making investment less attractive unless you can find properties at lower values where the FMR would meet your financial requirements.

Step 2: Compare the Census ACS reported market rent of $1,044 to the FMR.

• If market rent is above FMR: The market rent of $1,044 exceeds the FMR of $1250, indicating that non-Section 8 tenants might be willing to pay more than the FMR. This could offer opportunities for higher returns outside of Section 8, but also suggests that Section 8 vouchers might not fully cover the market rate.
• If market rent equals FMR: The market rent of $1,044 matches the FMR of $1250, meaning Section 8 tenants will pay a fair market price, which aligns well with the actual rental value in the area.
• If market rent is below FMR: The market rent of $1,044 is lower than the FMR of $1250, which is unusual but indicates that Section 8 tenants could potentially afford to rent homes at rates higher than what typical market tenants are paying.

Step 3: Evaluate the demand for rentals based on the percentage of renters (18.2%) and the number of days on the market (DOM).

• If demand is high: With 18.2% of residents being renters and assuming a reasonable DOM, there is a significant demand for rental properties. This bodes well for finding tenants, both Section 8 and otherwise.
• If demand is low: The percentage of renters at 18.2% is relatively low, and without a clear DOM figure, it's difficult to assess how quickly properties are rented. This could indicate a tougher market for securing long-term Section 8 tenants.
• If it depends: The 18.2% of renters suggests moderate demand, but the lack of DOM data means you must research further into the local real estate trends to determine if properties are rented quickly enough to support a Section 8 portfolio.

In summary, ZIP 30056 offers a mix of financial viability and rental demand considerations for potential Section 8 investments. Ensure that the FMR covers your debt service and consider the gap between FMR and market rent when setting your investment strategy. Lastly, validate the demand by looking into the specifics of the rental market, including DOM, to make an informed decision.

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.