Location: Atlanta-Sandy Springs-Roswell, GA | Metro: Atlanta-Sandy Springs-Roswell, GA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,250 |
| 1 Bedroom | $1,300 |
| 2 Bedrooms | $1,420 |
| 3 Bedrooms | $1,710 |
| 4 Bedrooms | $2,070 |
| 5 Bedrooms | $2,401 |
| 6 Bedrooms | $2,689 |
| 7 Bedrooms | $2,904 |
| 8 Bedrooms | $3,049 |
U.S. Census Bureau data (2024)
The ZIP code 30183, located in Waleska, GA, falls within the Atlanta-Sandy Springs-Roswell, GA HUD Metro FMR Area. The Fair Market Rent (FMR) for ZIP 30183 in fiscal year 2024 is set at $1,930. This figure is higher than the market rent of $1,286, indicating that the subsidized rental rate is above what the local market typically charges.
Comparatively, the median home value in ZIP 30183 is $480,676, which is likely lower than many other areas within the broader Atlanta metro region, known for its higher-end housing markets. The 15.0% renter share is also noteworthy, as it suggests a significant portion of the population relies on renting, including potentially a substantial number of Section 8 recipients.
The divergence between the FMR and the actual market rent, coupled with the relatively low home value compared to the metro average, indicates that ZIP 30183 could be considered a value pocket within the Atlanta-Sandy Springs-Roswell area. Landlords can benefit from the higher FMR rates while serving a market where home ownership is less prevalent due to affordability concerns.
A high renter share combined with below-average home values often signals a prime location for Section 8 properties. In ZIP 30183, the 15.0% renter share, alongside the lower home values, suggests that there is a strong demand for affordable rental housing, making it an attractive option for landlords participating in the Section 8 program.
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.