Location: Polk County, 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 | $800 |
| 1 Bedroom | $830 |
| 2 Bedrooms | $1,070 |
| 3 Bedrooms | $1,370 |
| 4 Bedrooms | $1,490 |
| 5 Bedrooms | $1,728 |
| 6 Bedrooms | $1,935 |
| 7 Bedrooms | $2,090 |
| 8 Bedrooms | $2,195 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,070 | $154,258 | 0.69% | D |
| 3BR | $1,370 | $245,098 | 0.56% | F |
| 4BR | $1,490 | $313,397 | 0.48% | F |
U.S. Census Bureau data (2024)
The classification of ZIP 30104 in Aragon, Georgia, hinges on analyzing its yield and stability metrics. The Fair Market Rent (FMR) for the area is set at $1,090 for fiscal year 2024, compared to the market rent of $966. This indicates that properties receiving Section 8 assistance can command a higher rent, potentially increasing the yield for landlords.
The median home value in ZIP 30104 is $230,334. Given the FMR and market rent figures, the potential rental income is relatively high, especially when considering the subsidy. However, the stability aspect reveals a different story. Renters make up 24.1% of the population, which is a moderate figure but leans towards a less stable market since a significant portion of residents are homeowners.
The median household income in the area is $70,559, which suggests a reasonable economic base for tenants to sustain their rent payments. However, the lack of data on the number of days on market (DOM) for rentals implies some uncertainty about how quickly units can be leased, affecting cash flow predictability.
Based on these figures, ZIP 30104 appears to be a moderate-yield/moderate-stability market. While the higher FMR compared to market rent offers a decent yield, the low percentage of renters and missing DOM data indicate a market that is not highly volatile but also not exceptionally stable. For landlords and small-portfolio investors, this ZIP code presents an opportunity for solid returns without the risks associated with high volatility.
To further clarify, the higher FMR allows landlords to earn more per unit than what the market might typically offer, making it attractive for those who qualify for Section 8 subsidies. At the same time, the median income provides a buffer against default risks, ensuring a more consistent cash flow. However, the challenge lies in the relatively lower proportion of renters, which could impact the speed of lease turnovers and thus affect overall cash flow management.
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.