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 | $1,180 |
| 1 Bedroom | $1,230 |
| 2 Bedrooms | $1,340 |
| 3 Bedrooms | $1,600 |
| 4 Bedrooms | $1,900 |
| 5 Bedrooms | $2,204 |
| 6 Bedrooms | $2,468 |
| 7 Bedrooms | $2,665 |
| 8 Bedrooms | $2,798 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,340 | $165,070 | 0.81% | C |
| 3BR | $1,600 | $231,235 | 0.69% | D |
| 4BR | $1,900 | $314,364 | 0.6% | D |
| 5BR | $2,204 | $409,092 | 0.54% | F |
U.S. Census Bureau data (2024)
The ZIP code 30311 in Atlanta, Georgia, presents a dynamic rental market with significant implications for both landlords and small-portfolio investors. The Fair Market Rent (FMR) for the area stands at $1380 for fiscal year 2024, while the Zillow Observed Rent Index (ZORI) indicates a higher market rent of $1,957. This suggests that the actual rental market is more robust and potentially lucrative than the government's benchmark.
The 0.2% price-cut share is a key indicator of market health, showing that very few landlords are forced to reduce their asking rents. Combined with a relatively short 54-day days on market (DOM), it reveals that properties are quickly rented out without the need for significant concessions. This points to a market where demand is strong relative to supply, rather than one where supply outpaces demand.
The median home value in ZIP 30311 is $233,497, which places it within reach of many potential homeowners. However, the fact that 57.1% of residents are renters suggests a persistent and substantial long-term housing pressure. This high renter share can be attributed to various factors including affordability, lifestyle choices, and the availability of rental units over homes for sale.
In such a market, the sustained high renter share implies ongoing opportunities for those who invest in rental properties. Landlords can expect steady demand for their units, supported by the strong rental prices and the limited need to lower rents to attract tenants. The dynamics at play in ZIP 30311 favor investors looking to capitalize on the robust rental sector, particularly those interested in the multifamily segment or in properties that cater to the needs of renters.
Given the snapshot of the market conditions, it is evident that demand is outpacing supply. The low price-cut share and quick rental turnover indicate a competitive environment for landlords, but one where the potential for stable income is high. The median home value also suggests that while homeownership is possible, the majority of residents prefer renting, which could be due to economic reasons or a desire for flexibility.
The high percentage of renters also signals that there might be barriers to homeownership, such as financial constraints or a preference for rental options that offer amenities or services not typically found in owner-occupied homes. This trend supports the notion that investing in rental properties within ZIP 30311 is likely to yield consistent returns, as the market continues to favor rental housing over homeownership.
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.