Location: Butts County, 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 | $1,030 |
| 1 Bedroom | $1,070 |
| 2 Bedrooms | $1,170 |
| 3 Bedrooms | $1,390 |
| 4 Bedrooms | $1,660 |
| 5 Bedrooms | $1,926 |
| 6 Bedrooms | $2,157 |
| 7 Bedrooms | $2,330 |
| 8 Bedrooms | $2,447 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,070 | $81,297 | 1.32% | A |
| 2BR | $1,170 | $126,621 | 0.92% | C |
| 3BR | $1,390 | $208,304 | 0.67% | D |
| 4BR | $1,660 | $305,476 | 0.54% | F |
| 5BR | $1,926 | $384,373 | 0.5% | F |
U.S. Census Bureau data (2024)
The ZIP code 30223 in Experiment, GA, presents a dynamic housing market that leans towards demand potentially outpacing supply. With a Fair Market Rent (FMR) set at $1,320 for the fiscal year 2024, and the Zillow Observed Rent Index (ZORI) at $1,245, it indicates that rental prices are slightly below the government's benchmark, which could suggest a competitive environment among landlords to attract tenants. This pricing gap might also reflect a local preference for renting over homeownership, influenced by the high median home value of $206,858.
The 0.3% price-cut share reveals that only a minimal portion of listings have been discounted, implying that the majority of properties are selling at or near their original asking prices. This is a positive sign for sellers, indicating strong buyer interest. The days on market (DOM) average of 50 days suggests a relatively quick turnover for properties, further supporting the notion of a robust demand.
A significant 39.5% of the population in ZIP 30223 consists of renters. This high percentage of renters signals persistent long-term housing pressure, as a substantial number of residents may continue to seek rental options rather than purchasing homes. This trend can be attributed to various factors including affordability concerns, lifestyle preferences, and the availability of rental units compared to for-sale properties.
In summary, the snapshot of ZIP 30223 points to a market where demand appears to be strong enough to support both rental and sale prices. However, the high median home value and renter share suggest that affordability remains a key issue, driving some residents towards rentals. For landlords and small-portfolio investors, these conditions imply a steady rental market with potential for property appreciation, given the quick sales turnover observed.
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.