Location: Atlanta-Sandy Springs-Roswell, GA | Metro: Atlanta-Sandy Springs-Roswell, GA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,050 |
| 1 Bedroom | $1,090 |
| 2 Bedrooms | $1,190 |
| 3 Bedrooms | $1,420 |
| 4 Bedrooms | $1,680 |
| 5 Bedrooms | $1,949 |
| 6 Bedrooms | $2,183 |
| 7 Bedrooms | $2,358 |
| 8 Bedrooms | $2,476 |
U.S. Census Bureau data (2024)
ZIP code 30118 is positioned within the Atlanta-Sandy Springs-Roswell, GA HUD Metro FMR Area. Its Fair Market Rent (FMR) for fiscal year 2024 is set at $1320. This figure represents the maximum amount that a low-income household would pay for a rental unit under the Section 8 program.
The market rent and home value data for ZIP 30118 are currently unavailable. However, it's notable that 100.0% of the residents in this ZIP code are renters, which is a significant divergence from typical ZIP codes within the Atlanta-Sandy Springs-Roswell area where the renter share is usually lower. A high renter share combined with an FMR that is specified but lacks corresponding market rent and home value data suggests that this area could be a prime location for landlords and small-portfolio investors interested in Section 8 tenants.
To determine if ZIP 30118 is a value pocket, mid-tier neighborhood, or a premium sub-market, we need to compare its FMR to those of other ZIP codes in the Atlanta-Sandy Springs-Roswell area. Since the FMR is fixed at $1320, if this amount is notably lower than the average market rents in the area, it indicates a value pocket where properties are more affordable for Section 8 participants. If the FMR aligns closely with the average market rents, it suggests a mid-tier neighborhood. Conversely, if the FMR is close to or exceeds the average market rents, it points towards a premium sub-market.
The high renter share in ZIP 30118, coupled with the defined FMR, often signals a strong Section 8 presence. Landlords in this area can expect a steady demand from low-income households looking for affordable housing options. While we cannot provide a direct comparison without additional data on market rents and home values for the entire metro area, the combination of a fully rented market and a specific FMR makes 30118 a strategic investment point for those targeting Section 8 tenants.
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.