Section 8 Fair Market Rent (FMR) for ZIP 30319 - 2027

Investment Score for ZIP 30319

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$2,110
1 Bedroom	$2,200
2 Bedrooms	$2,390
3 Bedrooms	$2,850
4 Bedrooms	$3,380
5 Bedrooms	$3,921
6 Bedrooms	$4,392
7 Bedrooms	$4,743
8 Bedrooms	$4,980

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
1BR	$2,200	$202,846	1.08%	B
2BR	$2,390	$348,443	0.69%	D
3BR	$2,850	$675,010	0.42%	F
4BR	$3,380	$904,864	0.37%	F
5BR	$3,921	$1,488,301	0.26%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

### Market Analysis for ZIP Code 30319 (Brookhaven, GA) #### Section 8 Voucher Dynamics The Fair Market Rent (FMR) figures for ZIP code 30319 in 2026 indicate that the rent for a two-bedroom unit is set at $2,620. However, it's important to note that this amount represents only 24.1% of the median household income in Brookhaven, which is $130,648. This suggests that the FMR is significantly lower than what might be considered a reasonable rent in this area based on the local income levels. To understand how FMR compares to actual rents, we need to consider the Zillow median price for a two-bedroom unit, which stands at $349,927. The price-to-FMR ratio of 11.1x indicates that the actual market value of properties is much higher than the FMR. For voucher holders, this means they would likely face significant constraints in finding units that accept their vouchers and are priced at or below the FMR. Given the high median home price, landlords may prefer to sell their properties or rent them out at market rates rather than accept Section 8 vouchers. #### Affordability & Renter Profile With a renter population of 44.5%, Brookhaven has a substantial number of residents who rely on rental housing. The occupancy rate of 90.0% suggests that the rental market is relatively tight, with few vacant units available. This tightness can make it challenging for renters, especially those relying on Section 8 vouchers, to find affordable housing options. Given the median household income of $130,648, the typical renter in Brookhaven is likely to be a professional or a family with a stable income. However, the FMR of $2,620 for a two-bedroom unit is still quite low compared to the median income, indicating that the market is not particularly affordable for lower-income families. The high median home price also implies that the overall cost of living in the area is elevated, making it difficult for many to afford even the FMR rates. #### Investor Angle From an investor perspective, the FMR rates in Brookhaven may not be sufficient to cover the costs associated with owning and maintaining rental properties. The Zillow median price for a two-bedroom unit is $349,927, and the price-to-FMR ratio of 11.1x suggests that the actual market value of properties is far above the FMR. This means that investors focusing on Section 8 vouchers would likely struggle to achieve positive cash flow at the FMR rates. Additionally, the high median income and tight rental market imply that there is strong demand for rental properties in Brookhaven. However, this demand is primarily driven by higher-income individuals who can afford market-rate rents. For investors looking to capitalize on the Section 8 program, the challenge lies in finding properties where the FMR covers the costs of ownership and maintenance. Given the high property values, it is unlikely that the FMR will provide enough revenue to ensure profitability. #### Specific Actionable Insights 1. **Focus on Larger Units**: Since the FMR for larger units (e.g., three-bedroom and four-bedroom units) is higher, investors might consider targeting these larger units. For instance, the FMR for a four-bedroom unit is $3,750, which is closer to the market rate and may offer better cash flow potential. However, it's crucial to assess whether the demand for such units exists among Section 8 voucher holders. 2. **Consider Alternative Rental Programs**: Given the tight rental market and the high median home price, investors might want to explore alternative rental programs that offer higher subsidies or incentives. These could include state-specific housing assistance programs or other federal programs that have higher payment standards than Section 8. #### Bottom Line Based on the provided data, the ZIP code 30319 (Brookhaven, GA) presents significant challenges for investors focused on Section 8 vouchers. The FMR rates are substantially lower than the actual market rents, making it difficult to achieve positive cash flow. Additionally, the high median home price and tight rental market suggest that the demand for rental properties is primarily from higher-income individuals who can afford market rates. Therefore, the recommendation for Section 8-focused investors is to **skip** this ZIP code unless they can identify specific opportunities or alternative programs that offer higher subsidies. In conclusion, while Brookhaven offers a robust rental market with high demand, the alignment between FMR and actual rents is poor, and the median income level is too high for typical Section 8 voucher holders to find suitable housing. Investors should look elsewhere for more profitable opportunities aligned with the Section 8 program.

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.