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 | $930 |
| 1 Bedroom | $960 |
| 2 Bedrooms | $1,050 |
| 3 Bedrooms | $1,250 |
| 4 Bedrooms | $1,490 |
| 5 Bedrooms | $1,728 |
| 6 Bedrooms | $1,935 |
| 7 Bedrooms | $2,090 |
| 8 Bedrooms | $2,195 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,250 | $324,482 | 0.39% | F |
| 4BR | $1,490 | $475,353 | 0.31% | F |
U.S. Census Bureau data (2024)
A decision tree for whether to invest in ZIP code 30292 for Section 8 properties hinges on three key factors: the Fair Market Rent (FMR), the relationship between FMR and market rent, and the demand for rental properties. Let's break down these factors.
1. Does the FMR of $1170 cover the debt service on a $405,550 property?
Yes: The FMR of $1170 can indeed cover the debt service on a property valued at $405,550. Assuming a standard mortgage rate and term, the monthly payment would be around $1600-$1800, which is manageable given the FMR. This makes the investment feasible from a financial standpoint.
No: If the FMR cannot cover the debt service, then the investment is not advisable. However, based on the numbers provided, the FMR of $1170 does exceed typical debt service costs, thus allowing for a positive cash flow if expenses are managed properly.
It Depends: While the FMR exceeds the typical debt service cost, the actual feasibility also depends on other factors such as maintenance costs, insurance, and property taxes. These must be considered alongside the FMR to ensure the investment remains profitable.
2. How does market rent of $888 compare to the FMR?
Above FMR: If the market rent were above the FMR, it would suggest that landlords could potentially charge more than what is covered under Section 8, making the investment more attractive. However, the market rent of $888 is below the FMR of $1170, indicating that landlords can rely on the higher Section 8 rates to ensure profitability.
At FMR: If the market rent equaled the FMR, it would indicate a balanced scenario where landlords are not incentivized to overcharge but still receive fair compensation. In ZIP 30292, the market rent is below the FMR, providing a buffer for landlords.
Below FMR: Since the market rent is $888, which is below the FMR of $1170, landlords will benefit from the higher Section 8 rates. This makes the investment attractive, especially for those who are willing to participate in the program.
3. Is there sufficient demand with 13.7% of residents being renters and N/A-day days on market?
Yes: With 13.7% of residents being renters, there is a steady demand for rental properties. Although the days on market (DOM) data is not available, a 13.7% rental rate suggests that there is a reasonable pool of potential tenants. Landlords should also consider the demographic makeup and job market stability in the area to further validate demand.
No: If the rental rate were significantly lower, or if the DOM data indicated long vacancy periods, the investment might not be worthwhile. However, the 13.7% rental rate in ZIP 30292 supports the idea that there is enough demand to sustain a rental property.
It Depends: The lack of DOM data means that landlords need to research further into the local real estate market conditions. A high rental rate alone does not guarantee quick occupancy; other factors such as competition and economic stability must be evaluated.
In conclusion, based on the provided data, investing in ZIP 30292 for Section 8 properties is viable due to the FMR covering debt service and being higher than the market rent. Sufficient demand exists, but landlords should conduct additional research to fully understand the market dynamics.
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.