Section 8 Fair Market Rent (FMR) for ZIP 30064 - 2027

Investment Score for ZIP 30064

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	$1,600
1 Bedroom	$1,660
2 Bedrooms	$1,810
3 Bedrooms	$2,160
4 Bedrooms	$2,560
5 Bedrooms	$2,970
6 Bedrooms	$3,326
7 Bedrooms	$3,592
8 Bedrooms	$3,772

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
1BR	$1,660	$185,663	0.89%	C
2BR	$1,810	$284,954	0.64%	D
3BR	$2,160	$395,189	0.55%	F
4BR	$2,560	$540,811	0.47%	F
5BR	$2,970	$731,973	0.41%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

### Market Analysis for ZIP Code 30064 (Marietta, GA) #### Section 8 Voucher Dynamics The Fair Market Rent (FMR) for ZIP code 30064 in Marietta, GA, is set by HUD for 2026 as follows: - 0BR: $1610 - 1BR: $1690 - 2BR: $1850 - 3BR: $2220 - 4BR: $2650 Comparing these figures to the actual rental market, we can see that the FMRs are significantly lower than what is typically charged. For instance, the Zillow median price for a 2BR unit is $289,018, which translates to a monthly rent of approximately $1,300 based on typical mortgage rates and property taxes. However, the actual rent for a 2BR unit would likely be higher due to market conditions, potentially around $1,800 to $2,000 per month. This means that the FMR of $1850 for a 2BR unit is close to but slightly above the actual market rent, creating a constraint for voucher holders who might struggle to find units within their budget. #### Affordability & Renter Profile Marietta, GA, has a population of 52,125, with a median household income of $122,195. Only 17.0% of the population are renters, indicating a relatively small rental market compared to the overall population. The occupancy rate of 95.8% suggests that the housing stock is largely occupied, making it a tight market for both buyers and renters. Given the high median income, the typical renter profile in this area is likely to be individuals or families with higher-than-average incomes. The 2BR FMR represents 18.2% of the median income, which is quite affordable for most residents. However, the high cost of living and limited rental supply mean that affordability remains a challenge for some lower-income households, especially those relying on Section 8 vouchers. #### Investor Angle From an investor perspective, the ZIP code 30064 offers a mixed picture. The price-to-FMR ratio of 13.0x indicates that the median home value is significantly higher than the FMR for a similar-sized rental unit. This suggests that properties purchased for investment purposes would need to command higher rents to generate positive cash flow. Using the FMR for a 2BR unit ($1850), an investor would need to ensure that the total monthly expenses (including mortgage payments, property taxes, insurance, maintenance, and other costs) do not exceed this amount. Given the median home price of $289,018, the monthly mortgage payment alone could be around $1,200 to $1,400, depending on interest rates and down payments. Adding property taxes, insurance, and maintenance costs, the total monthly expenses could easily surpass the FMR, leading to negative cash flow unless the property is rented at a higher rate. #### Specific Actionable Insights 1. **Focus on Smaller Units**: Given the high price-to-FMR ratio, investors should focus on smaller units like 0BR or 1BR apartments where the FMR is lower. A 0BR unit with an FMR of $1610 might still offer positive cash flow if the purchase price is below the median home value. Additionally, smaller units tend to have fewer amenities and thus lower operating costs. 2. **Consider Multi-Family Properties**: Single-family homes might not be the best investment due to the high price-to-FMR ratio. Multi-family properties, such as duplexes or small apartment buildings, could provide better opportunities for positive cash flow. These properties often have economies of scale, reducing the per-unit cost of maintenance and management. #### Bottom Line For Section 8-focused investors, the recommendation for ZIP code 30064 is to **Skip** purchasing single-family homes or larger units. The high price-to-FMR ratio makes it challenging to achieve positive cash flow without exceeding the FMR limits. Instead, consider investing in smaller units or multi-family properties where the FMR constraints are less stringent and the potential for positive cash flow is higher.

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.