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 | $1,700 |
| 4 Bedrooms | $2,010 |
| 5 Bedrooms | $2,332 |
| 6 Bedrooms | $2,612 |
| 7 Bedrooms | $2,821 |
| 8 Bedrooms | $2,962 |
U.S. Census Bureau data (2024)
The analysis of the Section 8 real estate market in ZIP code 30229 reveals a significant gap between the Fair Market Rent (FMR) and the actual market rent. For fiscal year 2024, the FMR is set at $1730. However, recent data indicates that the market rent for a 1-bedroom apartment in this area is $1821 per month. This represents a difference of $91, or approximately 5.26%, between the FMR and the market rate.
The discrepancy suggests that landlords accepting Section 8 vouchers in 30229 will be renting units below the open-market rates. Given the context of 0.0% renters and a median household income of $25,859, the cost of housing voucher tenants becomes a critical consideration. Landlords should understand that while the guaranteed income from the Housing Choice Voucher program can stabilize cash flow, it also means they will receive less than what the market demands for their properties.
To illustrate, if a landlord charges the FMR of $1730 for a 1-bedroom unit, they are foregoing $91 per month compared to the market rent. Over a year, this translates to a loss of $1100, which could impact overall portfolio yields. The decision to participate in the Section 8 program must therefore be weighed against the potential reduction in rental income.
In summary, the gap between the FMR and the market rent in 30229 highlights the financial trade-offs involved in renting to voucher tenants. While there are benefits such as reduced vacancy rates and stable income, landlords must consider the lower rental rates when evaluating the profitability of their investments.
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.