Section 8 Fair Market Rent (FMR) for ZIP 30088 - 2027

Location: Atlanta-Sandy Springs-Roswell, GA | Metro: Atlanta-Sandy Springs-Roswell, GA HUD Metro FMR Area

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,430
1 Bedroom	$1,490
2 Bedrooms	$1,620
3 Bedrooms	$1,930
4 Bedrooms	$2,290
5 Bedrooms	$2,656
6 Bedrooms	$2,975
7 Bedrooms	$3,213
8 Bedrooms	$3,374

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

29,240

Median Household Income

$70,325

Housing Units

11,435

Renter Percentage

39.2%

Occupancy Rate

88.6%

Renter Occupied

3,970

Housing Authorities Serving ZIP 30088

Georgia Residential Finance (Atlanta, GA) - 18,263 Section 8 vouchers
Housing Authority of the County of Dekalb, GA (Decatur, GA) - 4,722 Section 8 vouchers
Housing Authority of the City of Decatur (Decatur, GA) - 1,043 Section 8 vouchers
Housing Authority of the City of Lithonia (Lithonia, GA) - 200 Section 8 vouchers

ZIP 30088, located in Stone Mountain, GA, within the Atlanta-Sandy Springs-Roswell, GA HUD Metro FMR Area, serves as a cash-flow anchor in a Section 8 portfolio strategy. The Fair Market Rent (FMR) for the area in fiscal year 2024 is set at $1760, which exceeds the current market rent of $1653. This creates a positive spread of $107 per unit, ensuring that landlords receive a higher rental income compared to what they would get from market-rate tenants. Additionally, the median home value in the area stands at $234,084, indicating a stable housing market where property values are unlikely to depreciate significantly.

Cash-Flow Anchor: With the FMR being higher than the market rent, landlords can secure steady and predictable cash flow from Section 8 tenants. This is particularly beneficial in an environment where market rents may fluctuate due to economic conditions or supply-demand dynamics. The guaranteed income from the government program provides a reliable base for portfolio performance.
Affordability: The median income in ZIP 30088 is $70,325, which aligns well with the affordability of the FMR. This suggests that the local population has the financial means to cover their portion of the rent under the Section 8 program, reducing the risk of default or eviction.
Market Dynamics: The 0.3% price-cut share and 54-day Days on Market (DOM) indicate that while there is some competition in the rental market, it is relatively low. Landlords can expect to find tenants quickly without having to lower their asking price significantly, further enhancing the cash flow potential of properties in this ZIP code.

In conclusion, ZIP 30088 is best suited as a cash-flow anchor in a Section 8 portfolio strategy. The positive spread between the FMR and market rent ensures consistent income, while the stability of property values and low competition in the rental market provide additional security and profitability.

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.