Location: Atlanta-Sandy Springs-Roswell, GA | Metro: Atlanta-Sandy Springs-Roswell, GA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,610 |
| 1 Bedroom | $1,680 |
| 2 Bedrooms | $1,830 |
| 3 Bedrooms | $2,180 |
| 4 Bedrooms | $2,590 |
| 5 Bedrooms | $3,004 |
| 6 Bedrooms | $3,364 |
| 7 Bedrooms | $3,633 |
| 8 Bedrooms | $3,815 |
The economics of Section 8 in ZIP code 30065 (Atlanta-Sandy Springs-Roswell, GA) hinge on understanding the SAFMR, which stands for Small Area Fair Market Rent. For a two-bedroom apartment, the SAFMR is set at $1910 per month for fiscal year 2024. This figure is specifically tailored to this ZIP code, reflecting the unique housing costs within the area.
A landlord's primary concern is likely how much of this amount will be paid out directly by the voucher program and how much the tenant contributes. The tenant's portion is generally 30% of their adjusted income, but it cannot exceed 30% of the SAFMR. Assuming an average adjusted income that would require the tenant to pay 30% of the SAFMR, the tenant contribution would be $573 per month. This leaves $1337 for the landlord to receive from the voucher program.
In addition to the base rental payment, the Section 8 program also provides utility allowances. These vary based on the number of bedrooms and other factors, but they typically cover a portion of the tenant's electricity, gas, water, and sewer costs. Utility allowances can range widely, but let’s assume a conservative estimate of $200 per month for utilities. This brings the total monthly reimbursement to the landlord up to $1537.
To calculate the typical reimbursement gap or surplus, we need to compare this amount to the local market rent. Unfortunately, the local market rent for ZIP 30065 is currently listed as N/A, making a direct comparison impossible without further data. However, if the local market rent were higher than $1537, there would be a reimbursement gap where landlords might lose money compared to market rates. Conversely, if the market rent were lower, landlords would see a surplus relative to the actual cost of maintaining the property.
In conclusion, for a two-bedroom apartment in ZIP 30065, landlords should expect to receive approximately $1537 per month from the Section 8 program, assuming a conservative utility allowance. This amount is fixed according to the SAFMR for this specific ZIP code and does not fluctuate based on broader market conditions outside of the ZIP code.
Data Sources: FMR data from HUD (2027).
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.