Section 8 Fair Market Rent (FMR) for ZIP 30307 - 2027
Location: Atlanta-Sandy Springs-Roswell, GA | Metro: Atlanta-Sandy Springs-Roswell, GA HUD Metro FMR Area
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $1,960 |
| 1 Bedroom | $2,040 |
| 2 Bedrooms | $2,220 |
| 3 Bedrooms | $2,650 |
| 4 Bedrooms | $3,140 |
| 5 Bedrooms | $3,642 |
| 6 Bedrooms | $4,079 |
| 7 Bedrooms | $4,405 |
| 8 Bedrooms | $4,625 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$140,677
Housing Authorities Serving ZIP 30307
- Housing Authority of the City of ATLANTA Georgia (Atlanta, GA) - 22,186 Section 8 vouchers
- Georgia Residential Finance (Atlanta, GA) - 18,263 Section 8 vouchers
- Housing Authority of the County of Dekalb, GA (Decatur, GA) - 4,722 Section 8 vouchers
- Housing Authority of the City of Decatur (Decatur, GA) - 1,043 Section 8 vouchers
- Housing Authority of Fulton County (Atlanta, GA) - 960 Section 8 vouchers
- Housing Authority of the City of East Point (East Point, GA) - 542 Section 8 vouchers
- Housing Authority of the City of College Park (College Park, GA) - 428 Section 8 vouchers
- Housing Authority of the City of Lithonia (Lithonia, GA) - 200 Section 8 vouchers
- CITY OF ATLANTA, Dept. of Housing and Community Development (Atlanta, GA) - 28 Section 8 vouchers
- Housing Authority of the City of Fairburn (Fairburn, GA)
To decide whether you should buy in ZIP code 30307 (Atlanta, GA) for Section 8 investments, follow this decision tree based on the provided data:
- Does FMR $2,220 (zip FY 2024) clear debt service on a $730,145 property?
- Yes: The Fair Market Rent (FMR) of $2,220 is sufficient to cover the debt service on a property valued at $730,145. This means that the rental income generated under the Section 8 program would be adequate to meet mortgage payments and other financial obligations.
- No: If the FMR of $2,220 does not clear the debt service on a property worth $730,145, then investing in this area for Section 8 purposes is not financially viable. The rental income would fall short of covering the necessary expenses.
- Is market rent $2,004 (ZORI) above, at, or below FMR?
- Above: If the Zillow Observed Rental Index (ZORI) of $2,004 is below the FMR of $2,220, then the Section 8 rent is higher than the market rate. This makes the property attractive for Section 8 tenants, but less so for market-rate renters.
- At: If the ZORI equals the FMR, the market rent matches the Section 8 payment, which indicates that the property is equally attractive to both market-rate and Section 8 renters.
- Below: If the ZORI is above the FMR, market-rate renters might prefer your property over Section 8 tenants due to higher rental income potential.
- Are 41.7% renters + 44-day DOM enough demand?
- It depends: With 41.7% of the population being renters and an average Days on Market (DOM) of 44 days, there is moderate demand for rentals in this area. However, the viability of a Section 8 investment hinges on the specific mix of market-rate vs. Section 8 tenants and the local competition. If the majority of renters are seeking market-rate housing, a Section 8 property may struggle to attract tenants. Conversely, if there is a high demand for affordable housing, then the 41.7% figure suggests there are enough potential tenants.
The decision to invest in ZIP 30307 for Section 8 properties is contingent upon these factors aligning favorably. Ensure that the FMR covers debt service, assess how market rates compare to the FMR, and consider the overall rental demand before making an investment decision.
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.