Section 8 Fair Market Rent (FMR) for ZIP 30076 - 2027

Investment Score for ZIP 30076

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	$1,630
1 Bedroom	$1,700
2 Bedrooms	$1,850
3 Bedrooms	$2,200
4 Bedrooms	$2,620
5 Bedrooms	$3,039
6 Bedrooms	$3,404
7 Bedrooms	$3,676
8 Bedrooms	$3,860

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
2BR	$1,850	$266,560	0.69%	D
3BR	$2,200	$502,899	0.44%	F
4BR	$2,620	$632,051	0.41%	F
5BR	$3,039	$868,194	0.35%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

### Market Analysis for ZIP Code 30076 (Roswell, GA) #### Section 8 Voucher Dynamics The Fair Market Rent (FMR) for Roswell, GA (ZIP 30076) is set by HUD for 2026 as follows: - 0BR: $1670 - 1BR: $1750 - 2BR: $1920 (which is 16.27% of the median household income of $118,170) - 3BR: $2300 - 4BR: $2760 These FMRs represent the maximum amount that a Section 8 voucher holder can pay for rent. However, the actual rents in the area can be significantly higher. For instance, the Zillow median price for a 2BR property in ZIP 30076 is $271,471. This translates into a price-to-FMR ratio of 11.8x, indicating that the median home value is over eleven times the FMR for a 2BR unit. This suggests that the actual rental market is far above the FMR levels, creating significant constraints for voucher holders who may struggle to find properties within their budget. #### Affordability & Renter Profile Roswell has a population of 46,054, with 32.2% of residents being renters. The occupancy rate stands at 93.6%, which indicates a relatively tight rental market. Given the high median household income of $118,170, the typical renter in this area is likely to be a middle-class individual or family who can afford higher rents. However, the 19.5% of median income required for a 2BR unit under the FMR guidelines suggests that even with a substantial income, there is a notable affordability gap for lower-income households. This tight market means that landlords have less incentive to accept Section 8 vouchers due to the availability of higher-paying tenants. Consequently, voucher holders face challenges in finding suitable housing, as many units exceed the FMR limits. The high median income and low percentage of renters indicate that the area is primarily occupied by homeowners, further contributing to the limited supply of affordable rentals. #### Investor Angle From an investor perspective, the ZIP code 30076 offers mixed opportunities. The FMR for a 2BR unit is $1920, but the actual median rental price is much higher. The price-to-FMR ratio of 11.8x suggests that properties are priced well above the FMR, making it challenging for investors to achieve cash flow positivity solely based on FMR rates. To determine if the ZIP code is cash-flow positive, we need to consider the potential rental income against the costs of ownership, including mortgage payments, property taxes, insurance, maintenance, and other expenses. Assuming a conservative estimate of 1% of the median home value ($271,471) as monthly rental income, the expected rent would be approximately $2715. This is still above the FMR of $1920, indicating that landlords would need to charge more than the FMR to cover costs and generate profit. Given the high cost of living and the limited number of renters, the investment grade for this ZIP code is moderate. While there is demand for rentals, the tight market and high prices make it difficult for investors to rely solely on Section 8 vouchers for profitability. Investors should consider diversifying their tenant base to include non-voucher holders to ensure financial stability. #### Specific Actionable Insights 1. **Focus on Smaller Units**: Given the high price-to-FMR ratio, investors might find it more feasible to focus on smaller units such as 0BR or 1BR apartments. These units have lower FMRs ($1670 and $1750 respectively), which could better align with the actual rental market dynamics. By targeting these smaller units, investors can potentially attract both voucher holders and non-voucher tenants, thereby improving cash flow. 2. **Consider Location-Specific Strategies**: Within ZIP 30076, certain neighborhoods might offer more affordable rental options. Investors should conduct thorough research to identify areas where rents are closer to the FMR levels. Additionally, investing in multi-family properties with a mix of unit sizes could provide flexibility in attracting different types of tenants, including those with Section 8 vouchers. 3. **Explore Alternative Financing Options**: Due to the high median home values and the limited number of renters, traditional financing methods might not be sufficient. Investors should explore alternative financing options, such as government-backed loans or grants designed to support affordable housing initiatives. These can help offset some of the higher costs associated with owning rental properties in this area. #### Bottom Line For Section 8-focused investors, ZIP 30076 (Roswell, GA) presents a challenging environment. The high price-to-FMR ratio and limited supply of affordable rentals suggest that relying solely on Section 8 vouchers is not financially viable. Therefore, the recommendation is to **Skip** this ZIP code for now unless investors can find ways to reduce costs or target specific niches within the market. If investors decide to enter this market, they should do so with a diversified strategy that includes a mix of unit sizes and alternative financing options to improve their chances of success.

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.