Location: Atlanta-Sandy Springs-Roswell, GA | Metro: Atlanta-Sandy Springs-Roswell, GA HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,570 |
| 1 Bedroom | $1,640 |
| 2 Bedrooms | $1,780 |
| 3 Bedrooms | $2,120 |
| 4 Bedrooms | $2,520 |
| 5 Bedrooms | $2,923 |
| 6 Bedrooms | $3,274 |
| 7 Bedrooms | $3,536 |
| 8 Bedrooms | $3,713 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,780 | $224,357 | 0.79% | D |
| 3BR | $2,120 | $263,342 | 0.81% | C |
| 4BR | $2,520 | $358,606 | 0.7% | D |
| 5BR | $2,923 | $498,758 | 0.59% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 30094, Conyers, Georgia, for fiscal year 2024 is set at $1,880. This figure represents the payment standard for Section 8 housing vouchers, meaning it's the maximum amount the government will pay on behalf of eligible tenants. It's important to note that this is not your rent; you can charge up to this amount, but the tenant must cover any difference above $1,880.
In comparison, the local median rent for a two-bedroom apartment in Conyers, as indicated by the Zillow Observed Rent Index (ZORI), stands at $1,917. This suggests that the FMR is slightly below the market rate, which might mean you'll need to offer competitive amenities or pricing to attract tenants.
The 20.5% renter share in Conyers indicates strong demand for rental properties. For every 100 homes, about 20.5 are rented, showing that there is a significant portion of the population looking for places to live. This makes it a good area for investment, especially if you're entering the Section 8 market where demand often exceeds supply.
If you're considering purchasing a property to use as a Section 8 rental, the typical acquisition cost is around $319,446. This gives you an idea of the initial investment required to get started in this market.
Before making your final decision, verify that the property meets all the necessary criteria for Section 8 eligibility. This includes ensuring it complies with health and safety standards, and that the rent you plan to charge does not exceed the FMR. Once these conditions are met, you can confidently proceed with your investment knowing that you have a solid understanding of the financial landscape in Conyers, Georgia.
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.