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 |
1860 is the Fair Market Rent (FMR) for ZIP 30362 in Georgia for fiscal year 2024. The data shows that the median home value in this area is $360,400, which is lower than the average assessed value of $547,457 for properties in the same ZIP code. This discrepancy suggests that there might be some high-value outliers skewing the average. The median household income in ZIP 30362 is $49,375, indicating a moderate economic status for residents.
The area has a population density of 4,842 people per square mile, which can influence rental demand. With no specific data on the share of renters, it's important to note that the lack of investor-owned properties and flips since 2020 suggests a stable residential environment rather than an active investment market. There are also no new businesses formed over the last three years, and zero code violations reported, pointing to a well-maintained neighborhood.
In summary, for landlords and small-portfolio investors looking at ZIP 30362, the fair market rent of $1860 aligns closely with the median home value, making it a viable option for Section 8 properties. However, the limited activity in terms of new investments and business formation indicates a steady but less dynamic market compared to other areas.
Section 8 Verdict: Suitable for stable, long-term investments.
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.