Location: Atlanta-Sandy Springs-Roswell, GA | Metro: Atlanta-Sandy Springs-Roswell, GA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,980 |
| 1 Bedroom | $2,060 |
| 2 Bedrooms | $2,240 |
| 3 Bedrooms | $2,670 |
| 4 Bedrooms | $3,170 |
| 5 Bedrooms | $3,677 |
| 6 Bedrooms | $4,118 |
| 7 Bedrooms | $4,447 |
| 8 Bedrooms | $4,669 |
U.S. Census Bureau data (2024)
The ZIP code 30305 in Atlanta, GA, stands out within Fulton County due to its unique demographic and economic profile. With a total population of 28,110 residents, nearly half (50.6%) of the households rent their homes. The median income in this area is $106,907, indicating a relatively affluent community. However, the median home value is notably high at $692,148, which suggests that homeownership is less common among lower-income families.
In terms of Section 8 housing, the ZIP code presents an interesting opportunity. The Fair Market Rent (FMR) for ZIP 30305 in fiscal year 2024 is set at $2,550, while the actual market rent, as measured by ZORI (Zillow's Observed Rent Index), is $2,138. This discrepancy means that landlords participating in the Section 8 program can potentially receive higher rents compared to the local market rate. For instance, a landlord could receive a subsidy of up to $412 more per month than the average market rent, making it financially viable to offer affordable housing units in this area.
The data signature of ZIP 30305 indicates a stable environment. Despite the high median home values, the significant portion of renters and the favorable subsidy rates suggest a steady demand for rental properties. Landlords and small-portfolio investors should consider the potential for consistent cash flow and the ability to serve a growing need for affordable housing without compromising on financial returns.
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.