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 | $1,950 |
| 1 Bedroom | $2,030 |
| 2 Bedrooms | $2,230 |
| 3 Bedrooms | $2,670 |
| 4 Bedrooms | $3,190 |
| 5 Bedrooms | $3,700 |
| 6 Bedrooms | $4,144 |
| 7 Bedrooms | $4,476 |
| 8 Bedrooms | $4,700 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $2,030 | $241,098 | 0.84% | C |
| 2BR | $2,230 | $413,912 | 0.54% | F |
| 3BR | $2,670 | $771,520 | 0.35% | F |
| 4BR | $3,190 | $1,060,758 | 0.3% | F |
| 5BR | $3,700 | $1,365,027 | 0.27% | F |
U.S. Census Bureau data (2024)
The Section 8 cap-rate analysis for ZIP code 30308 in Atlanta, GA, provides insight into potential investment returns. To calculate the implied gross yield, we use the Fair Market Rent (FMR) and the Zillow Observed Rent Index (ZORI) figures provided.
First, using the annualized 2BR FMR of $2660, the implied gross yield for a property in this ZIP code would be approximately 0.81%. This is derived by dividing the annualized rent ($2660) by the median home value ($329,424). The calculation is as follows:
Second, using the ZORI market rent figure of $2,034, the implied gross yield drops to about 0.62%. The calculation here is:
Given the 64.8% renter density and an 80-day days-on-market (DOM), the market rent scenario appears more realistic. High renter density suggests strong demand for rental properties, while a shorter DOM indicates that properties are rented quickly, reducing vacancy rates and stabilizing cash flow. However, the FMR represents the maximum allowable rent for Section 8 participants, which may not reflect actual rental agreements due to the negotiation process between landlords and tenants.
The lower gross yield based on market rent reflects the competitive nature of the rental market in ZIP 30308. Investors should consider these figures when evaluating the potential profitability of Section 8 properties in this area. While the FMR offers a higher theoretical return, the actual performance is likely closer to the market rent yield due to the realities of tenant subsidies and market conditions.
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.