Location: Atlanta-Sandy Springs-Roswell, GA | Metro: Atlanta-Sandy Springs-Roswell, GA HUD Metro FMR Area
| 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 |
The analysis of ZIP code 30077 in the Atlanta-Sandy Springs-Roswell, GA HUD Metro FMR area reveals several key points for landlords and small-portfolio investors.
First, regarding whether the rent math works, the Fair Market Rent (FMR) for the zip code in fiscal year 2024 is set at $1940. However, without specific market rent data, it's challenging to make an accurate comparison. This suggests that landlords should conduct further research into local rental rates to ensure their properties remain competitive and profitable.
Second, the affordability of acquiring properties in this area cannot be fully assessed due to missing data on median home values, days on market (DOM), and the percentage of homes that have been subject to price cuts. These figures are critical for understanding the cost and potential challenges of purchasing property in ZIP 30077. Landlords must seek out current market conditions to determine if buying is financially viable.
Third, there is evidence of tenant demand. The zip code has a population of N/A, and N/A% of residents are renters. This indicates a significant portion of the population is actively seeking rental housing, which could translate into a steady stream of potential tenants. However, the exact size of the population and the precise percentage of renters are necessary to quantify this demand accurately.
In conclusion, while ZIP 30077 shows promising signs of tenant demand, the lack of specific data on market rents and property acquisition costs makes it difficult to provide a definitive assessment. Landlords and investors should gather detailed local market information to confirm the financial viability of renting and purchasing properties in this area. The FMR provides a benchmark, but competitive pricing and acquisition costs will ultimately determine success.
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.