Section 8 Fair Market Rent (FMR) for ZIP 30109 - 2027

FY 2027 Fair Market Rent Rates

To classify ZIP code 30109 in Georgia, we must consider the available data points on yield and stability. The Fair Market Rent (FMR) for ZIP 30109 in fiscal year 2024 is set at $1390. This figure represents the yield potential for rental properties within this ZIP code. However, critical data such as market rent, home values, percentage of renters, days on market (DOM), and median income are currently unavailable.

The absence of comparative market rent and home value figures makes it challenging to fully assess the yield potential. Typically, when the FMR exceeds market rent, it indicates a high-yield environment due to the guaranteed minimum rent for Section 8 participants. Yet, without knowing the local market rent, we cannot confirm if this is indeed a high-yield scenario.

Stability is another key factor, which would usually be gauged by the percentage of renters, average DOM, and median income levels. In the case of ZIP 30109, these metrics are not provided. Without this information, we cannot determine the stability of the rental market or the financial health of the residents, both crucial for understanding the risk associated with long-term investments.

Given the limited data, we can infer that ZIP 30109 has a defined yield potential through the FMR but lacks the necessary information to classify it definitively as either a high-yield/low-stability flip-style market or a steady-cashflow zone. To make a more informed decision, landlords and small-portfolio investors should seek additional local market data to complement the FMR figure and understand the broader economic context.

Specifically, they should look into the following:

• Market Rent: Compare against the FMR to see if there's an opportunity for higher rents.
• Home Values: Determine the investment cost and potential appreciation.
• Renters' Percentage: Understand the demand for rental housing.
• Average DOM: Gauge the speed at which properties are rented out.
• Median Income: Assess the ability of residents to pay rent consistently.

In conclusion, while the yield potential is established at $1390 per month based on the FMR, the lack of comprehensive stability indicators means that ZIP 30109 cannot be clearly classified as either a high-risk/high-reward or low-risk/consistent cash flow area. Further investigation is required to provide a complete analysis.

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.