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 | $1,980 |
| 1 Bedroom | $2,070 |
| 2 Bedrooms | $2,250 |
| 3 Bedrooms | $2,680 |
| 4 Bedrooms | $3,200 |
| 5 Bedrooms | $3,712 |
| 6 Bedrooms | $4,157 |
| 7 Bedrooms | $4,490 |
| 8 Bedrooms | $4,715 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $2,070 | $215,710 | 0.96% | C |
| 2BR | $2,250 | $337,429 | 0.67% | D |
| 3BR | $2,680 | $616,651 | 0.43% | F |
| 4BR | $3,200 | $752,572 | 0.43% | F |
| 5BR | $3,712 | $952,886 | 0.39% | F |
U.S. Census Bureau data (2024)
The classification of ZIP 30338, located in Dunwoody, GA, hinges on the balance between yield and stability. With a Fair Market Rent (FMR) of $2,650 for fiscal year 2024, compared to a market rent of $1,751, the potential rental income is significantly higher when participating in the Section 8 program. This represents an increase of approximately $900 per unit annually, which translates to a higher yield for investors.
On the stability axis, the data points to a relatively stable market. The percentage of renters at 37.6% indicates a moderate demand for rentals, neither extremely high nor low. A Days on Market (DOM) of 34 days suggests that properties are not staying vacant for extended periods, indicating a good turnover rate. Additionally, the median household income of $135,148 provides assurance that tenants receiving Section 8 assistance can likely cover any gap between the voucher amount and the market rent, ensuring consistent cash flow.
The home value of $713,472 in ZIP 30338 also plays a role in stability. High property values generally correlate with lower vacancy rates and a more affluent population, which can be beneficial for maintaining property quality and attracting stable tenants.
Given these factors, ZIP 30338 leans towards being a steady-cashflow zone. The significant difference between FMR and market rent supports a higher yield, while the moderate rental demand, quick turnover, and strong median income contribute to stability. However, it's important to note that the higher home values might also mean higher costs for maintenance and improvements, so investors should consider these expenses alongside the increased rental income.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.