Location: Atlanta-Sandy Springs-Roswell, GA | Metro: Atlanta-Sandy Springs-Roswell, GA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,200 |
| 1 Bedroom | $1,250 |
| 2 Bedrooms | $1,360 |
| 3 Bedrooms | $1,620 |
| 4 Bedrooms | $1,920 |
| 5 Bedrooms | $2,227 |
| 6 Bedrooms | $2,494 |
| 7 Bedrooms | $2,694 |
| 8 Bedrooms | $2,829 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 30070 in fiscal year 2024 is set at $1040. This figure represents the payment standard used by the U.S. Department of Housing and Urban Development (HUD) for the Section 8 housing choice voucher program. It is important to note that this does not equate to the actual rent you can charge your tenants; rather, it serves as an upper limit for the amount that the government will subsidize per unit.
In ZIP 30070, the local median gross rent is listed as N/A, which suggests there is limited data available on typical rental prices in the area. However, the FMR provides a benchmark for understanding what the government considers a fair rent level for subsidized housing in this region.
The renter share, which is the portion of the rent that the tenant must pay out-of-pocket, is set at 0.0%. This means that if you participate in the Section 8 program, the tenant would not be required to contribute any money towards the rent, and the entire amount would be covered by the voucher. In practice, this means that tenants typically pay around 30% of their adjusted income towards rent, but the exact percentage can vary based on individual circumstances.
The lack of data on the local median gross rent and the acquisition cost (also listed as N/A) indicates that it might be challenging to compare the FMR against typical market rates or to assess the potential costs of acquiring a property in this area. Nonetheless, the FMR provides a critical reference point for ensuring that your rental properties remain competitive and attractive to potential tenants using Section 8 vouchers.
Before deciding to enter the Section 8 rental market in ZIP 30070, you should verify that your property meets HUD’s Housing Quality Standards (HQS). These standards ensure that the rental units are safe, decent, and sanitary for tenants. Compliance with HQS is mandatory for participation in the program, and failure to meet these standards could result in penalties or disqualification from receiving subsidy payments.
In summary, while the FMR of $1040 sets a cap on the government subsidy for Section 8 rentals in ZIP 30070, the lack of local rent data and acquisition costs means that you will need to conduct thorough research on the ground to understand the local market. Ensuring your property meets HQS is the key verification step to take before fully committing to this investment strategy.
Data Sources: FMR data from HUD (2027). 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.