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 |
ZIP 30304, located within the Atlanta-Sandy Springs-Roswell HUD Metro FMR Area, serves as a strategic addition to a Section 8 portfolio. Given the Federal Market Rent (FMR) for ZIP 30304 is set at $1940 for FY 2024, this area acts as a cash-flow anchor. The FMR figure provides a clear benchmark for rental income, ensuring consistent cash flow.
The median home value in ZIP 30304 is $190,834, making it accessible for both first-time homeowners and investors seeking affordable properties. With 72% of homes owner-occupied and 28% rented, there is a significant demand for rental units. This demand supports the viability of Section 8 properties, which are often rented at or near the FMR.
ZIP 30304's demographic makeup is diverse, featuring a mix of racial groups and a median age of 31 years. This young and varied population suggests a steady influx of renters who might qualify for Section 8 assistance. The median income of $75,000 further supports the notion that there are individuals and families who would benefit from subsidized housing.
In conclusion, ZIP 30304 is best suited as a cash-flow anchor within a Section 8 portfolio. The Federal Market Rent of $1940 aligns closely with the median home value, ensuring a reliable income stream. Additionally, the area's demographic profile supports a robust rental market, making it a secure and predictable investment.
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.