Location: Atlanta-Sandy Springs-Roswell, GA | Metro: Atlanta-Sandy Springs-Roswell, GA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,390 |
| 1 Bedroom | $1,450 |
| 2 Bedrooms | $1,580 |
| 3 Bedrooms | $1,880 |
| 4 Bedrooms | $2,240 |
| 5 Bedrooms | $2,598 |
| 6 Bedrooms | $2,910 |
| 7 Bedrooms | $3,143 |
| 8 Bedrooms | $3,300 |
The analysis of ZIP code 30264 in the Atlanta-Sandy Springs-Roswell, GA HUD Metro FMR Area reveals several key points that are crucial for landlords and small-portfolio investors.
Firstly, the rent math does not work favorably due to the Federal Market Rent (FMR) set at $1730 for fiscal year 2024. This figure is the benchmark for rental assistance payments under the Section 8 program. However, the absence of specific market rent data means we cannot directly compare it against the FMR to determine if landlords can cover their costs and make a profit. Without this comparison, it's challenging to advise on the financial viability of renting properties in this area based solely on the FMR.
Secondly, the acquisition affordability is unclear given the lack of specific data on median home values, days on market (DOM), and the percentage of homes that have been subject to price cuts. These metrics would provide insight into whether buying properties in ZIP 30264 is cost-effective and how quickly properties can be sold or rented out. The missing information makes it difficult to assess the potential for profitable acquisitions in this area.
Lastly, tenant demand is also uncertain without specific population and renter share percentages. These figures would help understand the size of the potential tenant pool and the proportion of residents likely to seek rental housing. The absence of these details hinders a comprehensive evaluation of demand for rental properties in ZIP 30264.
Verdict: Due to the lack of specific market data, it's impossible to definitively state whether the rent math works, if acquisition is affordable, or if there is sufficient tenant demand in ZIP 30264. Investors should seek up-to-date local real estate reports and demographic studies to fill these gaps before making any investment decisions. The available data, which includes an FMR of $1730 for fiscal year 2024, is insufficient to draw clear conclusions about the profitability and feasibility of investing in this area through the Section 8 program.
Data Sources: FMR data from HUD (2027).
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.