Location: Atlanta-Sandy Springs-Roswell, GA | Metro: Atlanta-Sandy Springs-Roswell, GA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,680 |
| 1 Bedroom | $1,750 |
| 2 Bedrooms | $1,900 |
| 3 Bedrooms | $2,260 |
| 4 Bedrooms | $2,690 |
| 5 Bedrooms | $3,120 |
| 6 Bedrooms | $3,494 |
| 7 Bedrooms | $3,774 |
| 8 Bedrooms | $3,963 |
The Fair Market Rent (FMR) for ZIP code 30091 in Georgia for fiscal year 2024 is set at $2010. This figure represents the maximum amount that a landlord can charge for rent under the Section 8 Housing Choice Voucher program. It's important to note that this is not the rent you would charge your tenants; rather, it's the payment standard used by the housing authority to determine how much they will pay towards the tenant's rent.
In ZIP 30091, the local median rent is currently listed as N/A, which means we don't have specific data on what most renters are paying. However, the N/A% of residents who are renters indicates there is significant demand for rental properties in this area. This high percentage suggests that many people rely on renting to find a place to live, which could translate into a steady stream of potential tenants for your property.
The median home value in ZIP 30091 is also noted as N/A, which helps to understand the typical acquisition cost for homes in this area. If you're looking to purchase a property for your first Section 8 rental, you'll need to consider this median value as a benchmark for what you might expect to pay.
To make an informed decision about entering the Section 8 market, one critical factor to verify is the physical condition of the property you intend to rent out. The housing authority requires that all units meet certain standards known as 'Housing Quality Standards' (HQS), which ensure the safety and habitability of the property. Before finalizing any purchase or lease agreement, it is imperative to conduct a thorough inspection to confirm that the property meets these requirements. This step will save you time and money in the long run, avoiding the need for costly repairs to meet HQS after acquiring the property.
By adhering to the payment standard of $2010 and ensuring your property meets the necessary conditions, you can effectively manage your first Section 8 rental in ZIP 30091. This approach allows you to participate in a program that provides affordable housing while maintaining a stable income stream for your investment.
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.