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 | $1,400 |
| 1 Bedroom | $1,460 |
| 2 Bedrooms | $1,590 |
| 3 Bedrooms | $1,890 |
| 4 Bedrooms | $2,250 |
| 5 Bedrooms | $2,610 |
| 6 Bedrooms | $2,923 |
| 7 Bedrooms | $3,157 |
| 8 Bedrooms | $3,315 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,590 | $222,068 | 0.72% | D |
| 3BR | $1,890 | $310,682 | 0.61% | D |
| 4BR | $2,250 | $390,910 | 0.58% | F |
| 5BR | $2,610 | $487,306 | 0.54% | F |
U.S. Census Bureau data (2024)
The ZIP code 30187 in Winston, GA, is a middle-class suburban neighborhood with a total population of 8,137. Only 10.5% of the residents are renters, indicating a primarily owner-occupied community. The median household income here is $101,702, which is above the national average, suggesting a financially stable populace. Median home values stand at $349,165, reflecting a moderately expensive housing market.
Moving into the realm of rental economics, the Fair Market Rent (FMR) for ZIP 30187 in fiscal year 2024 is set at $1,430. This figure contrasts sharply with the actual market rent reported by the Census Bureau's American Community Survey (ACS), which is $997. This discrepancy highlights an opportunity for landlords and small-portfolio investors who can leverage the higher FMR rates offered by the Section 8 program to achieve better returns on their investment properties.
Given these economic dynamics, ZIP 30187 is well-suited for both hands-off voucher operators and hands-on value-add buyers. For hands-off operators, the area’s relatively low percentage of renters means fewer units will be needed to participate in the Section 8 program, making it easier to manage a smaller portfolio effectively. Meanwhile, hands-on investors can capitalize on the difference between FMR and market rents by improving properties and positioning them for higher voucher-based rents. The stable income levels and moderate home values also provide a solid foundation for long-term investment strategies.
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.