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 | $2,090 |
| 1 Bedroom | $2,180 |
| 2 Bedrooms | $2,370 |
| 3 Bedrooms | $2,820 |
| 4 Bedrooms | $3,350 |
| 5 Bedrooms | $3,886 |
| 6 Bedrooms | $4,352 |
| 7 Bedrooms | $4,700 |
| 8 Bedrooms | $4,935 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $2,180 | $166,654 | 1.31% | A |
| 2BR | $2,370 | $250,983 | 0.94% | C |
| 3BR | $2,820 | $564,845 | 0.5% | F |
| 4BR | $3,350 | $818,389 | 0.41% | F |
| 5BR | $3,886 | $1,204,962 | 0.32% | F |
U.S. Census Bureau data (2024)
The rent math in ZIP 30328, Sandy Springs, GA, does not align favorably for landlords. The Fair Market Rent (FMR) set at $2510 for FY 2024 is significantly higher than the market rent, which stands at $1,814 according to ZORI. This discrepancy suggests that landlords might struggle to attract tenants willing to pay the higher FMR rates, especially in a competitive market.
Acquisition in this area is moderately affordable. With a median home value of $626,797, it places Sandy Springs within reach for many investors. The days on market (DOM) average of 51 days indicates a relatively quick turnover for properties, which can be advantageous for those looking to buy and potentially rent out homes quickly. However, the low 0.2% price-cut share suggests that while homes sell promptly, they rarely come down in price, indicating a strong seller's market where negotiation space is limited.
Tenant demand is robust in ZIP 30328. The population of 39,508 supports a substantial rental market, with 46.1% of residents being renters. This high percentage of renters implies a steady pool of potential tenants, reducing the risk of vacancies.
Overall, while the tenant demand is strong, the mismatch between the FMR and market rent could pose challenges. Investors should consider setting rents closer to the market rate to ensure occupancy. Additionally, the median home value and DOM suggest a viable market for acquisitions, but the low price-cut share means investors should be prepared to pay close to asking price.
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.