Location: Atlanta-Sandy Springs-Roswell, GA | Metro: Atlanta-Sandy Springs-Roswell, GA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,560 |
| 1 Bedroom | $1,630 |
| 2 Bedrooms | $1,770 |
| 3 Bedrooms | $2,110 |
| 4 Bedrooms | $2,500 |
| 5 Bedrooms | $2,900 |
| 6 Bedrooms | $3,248 |
| 7 Bedrooms | $3,508 |
| 8 Bedrooms | $3,683 |
U.S. Census Bureau data (2024)
The ZIP code 30071 in Norcross, GA is a suburban area characterized by a diverse mix of residential properties, including single-family homes and apartments. With a total population of 25,830, it's evident that there is significant demand for housing. Notably, 43.9% of the residents are renters, indicating a substantial rental market. The median household income in this area stands at $64,515, which suggests a middle-class community capable of supporting various types of housing needs. The median home value in ZIP 30071 is $360,244, reflecting the overall stability and desirability of the neighborhood.
From an investment perspective, the Fair Market Rent (FMR) for ZIP 30071 in fiscal year 2024 is set at $1,850. This figure is slightly below the market rent, which is estimated at $1,877 based on Zillow’s ZORI index. This indicates that while the government subsidy through the Section 8 program is close to market rates, there might be a small margin where landlords could potentially earn a bit more by renting outside of the voucher program.
Given these economic conditions, ZIP 30071 would suit both hands-off voucher operators and hands-on value-add buyers. For those seeking a passive investment strategy, the alignment between FMR and market rent means that participating in the Section 8 program can provide a steady stream of income with minimal risk. However, for investors willing to take a more active role, there is potential to improve property values and rents above the FMR, thereby capturing additional upside in a stable and growing market.
In summary, ZIP 30071 offers a balanced environment for Section 8 investments, with a median income of $64,515 and median home value of $360,244. The FMR of $1,850 closely mirrors the market rent of $1,877, making it suitable for both passive and active real estate strategies. Whether you choose to manage properties with minimal intervention or aim to enhance their value, this ZIP code presents a viable opportunity for Section 8-focused real estate investments.
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.