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 | $1,450 |
| 1 Bedroom | $1,520 |
| 2 Bedrooms | $1,650 |
| 3 Bedrooms | $1,970 |
| 4 Bedrooms | $2,330 |
| 5 Bedrooms | $2,703 |
| 6 Bedrooms | $3,027 |
| 7 Bedrooms | $3,269 |
| 8 Bedrooms | $3,432 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,650 | $172,133 | 0.96% | C |
| 3BR | $1,970 | $255,699 | 0.77% | D |
| 4BR | $2,330 | $324,579 | 0.72% | D |
| 5BR | $2,703 | $412,616 | 0.66% | D |
U.S. Census Bureau data (2024)
The ZIP code 30122, located in Lithia Springs, Georgia, presents a unique scenario for both renters and landlords alike. The median household income in this area stands at $69,257, while the market rate for rent, known as the Zillow Observed Rent Index (ZORI), is set at $1,561 per month. This means that a significant portion of the household income is dedicated to covering rent expenses.
To further analyze the situation, it's crucial to consider the Fair Market Rent (FMR) standards for the fiscal year 2024, which is $1,750 for this ZIP code. This figure represents the maximum amount that housing authorities will pay landlords who accept Housing Choice Vouchers, commonly known as Section 8 vouchers. When comparing the market rate of $1,561 to the FMR of $1,750, it becomes evident that the voucher payment is higher than the current market rate. This suggests that landlords accepting vouchers could potentially earn more per unit compared to those relying solely on market-rate rents.
With 52.2% of the 27,036 population being renters, there is a notable demand for rental properties in Lithia Springs. However, the affordability gap between the median income and the market rate rent poses a challenge for households. Given that a substantial part of their earnings must go towards rent, many may seek assistance through government programs such as Section 8 to help manage their housing costs.
The takeaway for landlords considering whether to adopt voucher or cash-pay strategies is clear. Accepting Section 8 vouchers can be a financially viable option, as the payments exceed the current market rate. Moreover, it aligns with the high percentage of renters in the area, providing a stable tenant base. For those looking to maximize their income, the strategy of accepting vouchers should be seriously considered over strictly cash-pay tenants, especially given the higher guaranteed payment rates compared to the volatile market conditions.
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.