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 | $1,210 |
| 1 Bedroom | $1,260 |
| 2 Bedrooms | $1,370 |
| 3 Bedrooms | $1,630 |
| 4 Bedrooms | $1,940 |
| 5 Bedrooms | $2,250 |
| 6 Bedrooms | $2,520 |
| 7 Bedrooms | $2,722 |
| 8 Bedrooms | $2,858 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,370 | $220,985 | 0.62% | D |
| 3BR | $1,630 | $300,307 | 0.54% | F |
| 4BR | $1,940 | $380,370 | 0.51% | F |
| 5BR | $2,250 | $512,364 | 0.44% | F |
U.S. Census Bureau data (2024)
The Section 8 market analysis for ZIP code 30121 in Cartersville, Georgia, reveals a competitive but manageable landscape for landlords and small-portfolio investors. The HUD Fair Market Rent (FMR) for the area in fiscal year 2024 is set at $1480 per month. In contrast, the Zillow Observed Rental Index (ZORI), which reflects actual market rents, stands at $1648 per month. This indicates that voucher tenants generally cashflow marginally at the HUD FMR rate, requiring landlords to either accept slightly lower profits or seek out premium units that can command higher rents.
To understand the economic dynamics better, consider the median home value in the area, which is $314,395. This translates into a rent-to-price ratio of approximately 0.5%, suggesting that rental properties are relatively undervalued compared to their sale counterparts. However, this ratio alone does not provide a complete picture of the investment potential.
The median days on market (DOM) for rental listings is 46 days, indicating a moderate demand for rental properties. Additionally, the 0.3% price-cut share suggests that most landlords do not need to significantly reduce their asking rents to attract tenants, which is favorable for maintaining steady income streams.
In conclusion, while the voucher tenants may only marginally cashflow at the HUD FMR, the overall stability of the market presents a strong investment angle. Stability in this market means consistent rental income and a predictable environment, making it an attractive option for investors seeking reliable returns.
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.