Location: Atlanta-Sandy Springs-Roswell, GA | Metro: Atlanta-Sandy Springs-Roswell, GA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,630 |
| 1 Bedroom | $1,700 |
| 2 Bedrooms | $1,850 |
| 3 Bedrooms | $2,200 |
| 4 Bedrooms | $2,620 |
| 5 Bedrooms | $3,039 |
| 6 Bedrooms | $3,404 |
| 7 Bedrooms | $3,676 |
| 8 Bedrooms | $3,860 |
The Fair Market Rent (FMR) for ZIP code 30301 in fiscal year 2024 is set at $1940. This figure represents the payment standard for Section 8 housing vouchers in the area, meaning that if a landlord participates in the program, they will receive this amount per month from the government for each voucher holder renting their property. It's important to note that this is not the rent you can charge your tenant; it's the maximum reimbursement you'll receive.
To put this into perspective, the FMR does not directly reflect the average market rent in ZIP 30301, which is currently marked as N/A. However, the FMR provides a benchmark that helps ensure the rent you charge is reasonable and comparable to other rental properties in the area.
The demand for Section 8 rentals in 30301 is indicated by the percentage of renters who use housing assistance, also listed as N/A%. This suggests that there is a significant number of potential tenants who would be eligible for Section 8 vouchers. The acquisition cost for these properties, or the typical price paid for similar homes in the area, is also noted as N/A. While this information is incomplete, the FMR gives a clear indication of the monthly income you can expect from the program.
Before proceeding with a Section 8 rental, it's crucial to verify that your property meets the Housing Quality Standards (HQS). These standards ensure that the home is safe, decent, and sanitary for tenants. Compliance with HQS is mandatory for participation in the Section 8 program.
In summary, the FMR of $1940 for ZIP 30301 sets the reimbursement limit for landlords participating in the Section 8 program. With a high share of renters using housing assistance, there is a strong potential for finding tenants. However, ensure your property meets the necessary safety and quality standards to avoid any issues down the line.
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.