Section 8 Fair Market Rent (FMR) for ZIP 30276 - 2027

Location: Meriwether County, GA | Metro: Atlanta-Sandy Springs-Roswell, GA HUD Metro FMR Area

FY 2027 Fair Market Rent Rates

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

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

19,945

Median Household Income

$107,525

Housing Units

7,339

Renter Percentage

4.7%

Occupancy Rate

95.5%

Renter Occupied

331

Housing Authorities Serving ZIP 30276

Housing Authority of the City of Newnan (Newnan, GA) - 147 Section 8 vouchers
Housing Authority of the City of Greenville (Greenville, GA)
Housing Authority of the City of Manchester (Manchester, GA)
Housing Authority of the City of Senoia (Senoia, GA)
Housing Authority of the City of Grantville (Grantville, GA)
Housing Authority of the City of Palmetto (Senoia, GA)
Housing Authority of the City of Union City (Newnan, GA)

A skeptical investor considering ZIP 30276 might raise several concerns regarding the feasibility of investing in this area. Here, we address these concerns with the available data.

Will FMR $1690 (zip FY 2024) cover the mortgage on a $506,749 home? The Fair Market Rent (FMR) of $1690 for ZIP 30276 may not sufficiently cover the mortgage on a $506,749 home. According to recent data, the median home value in 30276 is around $506,749. Assuming an average mortgage rate of 5%, the monthly mortgage payment on such a home could be approximately $2,500, significantly higher than the FMR. This suggests that relying solely on FMR tenants might not be financially viable without additional income sources or subsidies.
Is there enough renter demand at 4.7%? The rental demand in ZIP 30276 is relatively low, indicated by the 4.7% vacancy rate. However, the data also shows that there are 463 homes currently listed for sale or rent, suggesting a steady flow of potential renters. Additionally, the median sales price in the area has increased to $535,676, which might drive more residents towards renting rather than buying. While the demand is not high, it does exist, and landlords can still find tenants willing to pay market rates.
Will vouchers keep pace with $2,198 market rents? Vouchers are typically adjusted annually based on local market conditions. However, the current Fair Market Rent of $1690 is notably lower than the market rent of $2,198. This discrepancy means that voucher holders might struggle to afford market-rate rentals. Landlords should consider whether they will accept vouchers or if they plan to target other segments of the rental market. If accepting vouchers, it's important to understand that the government adjusts the voucher amount periodically, but there's no guarantee it will always match the market rent.

The data indicates that while there are challenges, there is also opportunity in ZIP 30276. Investors must carefully weigh the financials and consider diversifying their tenant base to ensure profitability.

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.