Location: Atlanta-Sandy Springs-Roswell, GA | Metro: Atlanta-Sandy Springs-Roswell, GA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,630 |
| 1 Bedroom | $1,700 |
| 2 Bedrooms | $1,850 |
| 3 Bedrooms | $2,200 |
| 4 Bedrooms | $2,620 |
| 5 Bedrooms | $3,039 |
| 6 Bedrooms | $3,404 |
| 7 Bedrooms | $3,676 |
| 8 Bedrooms | $3,860 |
The market in ZIP code 30364, located in Georgia, presents a dynamic environment characterized by significant uncertainty. The Fair Market Rent (FMR) for the area, as determined by the Department of Housing and Urban Development for fiscal year 2024, stands at $1940. This figure serves as a benchmark for rental prices within the context of the Section 8 program, indicating the maximum amount that can be charged for a unit to be eligible.
Despite the FMR being known, other key metrics such as the actual market rent, the percentage of listings that require a price cut, the days on market (DOM) for properties, and the median home value remain undisclosed. The absence of these figures suggests a market that is either highly volatile or lacks sufficient data to provide a comprehensive picture. This uncertainty can make it challenging for landlords and small-portfolio investors to gauge the balance between supply and demand.
The unknown percentage of the renter share in the market is a critical piece of information missing here. Typically, a higher renter share indicates greater long-term housing pressure, as more residents rely on rental housing rather than owning their homes. In ZIP 30364, the lack of this data means we cannot definitively state whether the pressure is increasing or decreasing, but it implies that a significant portion of the population may be renters, which could signal ongoing demand for rental properties.
In conclusion, while the FMR provides a fixed point of reference, the overall dynamics of the ZIP 30364 market remain unclear due to the absence of crucial data points. Landlords and investors should proceed with caution, closely monitoring any available updates on market conditions to make informed decisions.
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.