Section 8 Fair Market Rent (FMR) for ZIP 30148 - 2027
Location: Atlanta-Sandy Springs-Roswell, GA | Metro: Atlanta-Sandy Springs-Roswell, GA HUD Metro FMR Area
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $1,290 |
| 1 Bedroom | $1,340 |
| 2 Bedrooms | $1,460 |
| 3 Bedrooms | $1,740 |
| 4 Bedrooms | $2,090 |
| 5 Bedrooms | $2,424 |
| 6 Bedrooms | $2,715 |
| 7 Bedrooms | $2,932 |
| 8 Bedrooms | $3,079 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$90,357
Based on the available data, the Fair Market Rent (FMR) for ZIP 30148 in fiscal year 2024 is set at $1520. However, the specific market rent for the area is not provided in the current search results, which makes direct comparison challenging.
To analyze the situation, we must consider the broader context: only 6.0% of the population are renters, indicating a primarily owner-occupied market. The median home value is $440,013, while the median income stands at $90,357. These figures suggest that the local economy supports higher-end housing, potentially leading to a disparity between the FMR and actual market rents.
If the market rent exceeds the FMR, landlords accepting Section 8 vouchers would be operating below open-market rates. This could reduce their profitability, but it also opens up opportunities for landlords to serve a stable tenant base, which can provide consistent cash flow and lower vacancy rates. Conversely, if the market rent is below the FMR, landlords might see a yield play where they can profitably rent units at the higher FMR rate, attracting voucher holders who can afford the rent through government assistance.
Given the limited information on market rent, landlords should conduct further research to determine the exact gap between FMR and market rates in ZIP 30148. This will help them assess whether accepting Section 8 vouchers aligns with their investment goals and risk tolerance.
The key metrics to watch are the percentage of renters, median home values, and median incomes. These factors influence the overall demand and affordability of housing in the area.
- Renters: Only 6.0% of the population are renters, suggesting a smaller pool of potential voucher tenants.
- Median Home Value: At $440,013, the median home value indicates a relatively affluent neighborhood, which may not align with the average Section 8 tenant's budget.
- Median Income: With a median income of $90,357, residents have the financial capacity to pay higher rents, possibly above the FMR.
In conclusion, landlords in ZIP 30148 must carefully evaluate the local market conditions before deciding to participate in the Section 8 program. The potential benefits and drawbacks depend heavily on the precise relationship between the FMR and the actual market rent.
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.