Location: Atlanta-Sandy Springs-Roswell, GA | Metro: Atlanta-Sandy Springs-Roswell, GA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,560 |
| 1 Bedroom | $1,630 |
| 2 Bedrooms | $1,770 |
| 3 Bedrooms | $2,110 |
| 4 Bedrooms | $2,500 |
| 5 Bedrooms | $2,900 |
| 6 Bedrooms | $3,248 |
| 7 Bedrooms | $3,508 |
| 8 Bedrooms | $3,683 |
The ZIP code 30333 in Atlanta-Sandy Springs-Roswell, Georgia, stands out due to its unique characteristics. However, specific data points such as the number of residents, percentage of renters, median income, and median home value are currently unavailable. This absence of detailed demographic and economic data can be seen as a limitation when assessing the area's stability or transitional nature.
Despite these gaps, the Section 8 voucher program offers insight into the rental market dynamics. The Fair Market Rent (FMR) for ZIP 30333 in fiscal year 2024 is set at $1860 per month. This figure serves as an important benchmark for landlords and small-portfolio investors, indicating the maximum amount that the government will pay towards rent under the voucher program. While the exact market rent for the area is not specified, the FMR provides a useful guideline for setting competitive and sustainable rental rates.
The voucher economics in ZIP 30333 suggest that landlords should aim to price their units around the FMR to attract tenants with vouchers. It is crucial for landlords to understand that the FMR is designed to cover about 40% of the rent, meaning they would need to ensure the remaining portion is covered by the tenant. For example, if a unit is priced at $2000 per month, the government would pay up to $1860, leaving the tenant to cover the rest. Landlords must also consider that the FMR is adjusted annually based on changes in the local housing market, so staying informed about future adjustments is vital.
Given the lack of detailed demographic data, it is challenging to definitively classify the ZIP 30333 as either stable or transitional. However, the presence of the Section 8 program indicates a level of government intervention aimed at ensuring affordable housing options. This suggests that the area may have some transitional elements, especially if there is a significant population relying on subsidized housing. Nonetheless, the voucher program also provides a measure of financial stability for landlords, as it guarantees a certain level of income through government payments.
In summary, while specific figures for residents, renters, income, and home values are not available, the Fair Market Rent of $1860 for ZIP 30333 gives landlords a clear target for pricing their units. The area's reliance on the Section 8 program hints at a mix of stability and transition, offering both challenges and opportunities for those involved in the rental market.
Data Sources: FMR data from HUD (2027).
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.