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 Section 8 market analysis for ZIP code 30366 in Atlanta-Sandy Springs-Roswell, GA, reveals several key points for landlords and small-portfolio investors. The HUD Fair Market Rent (FMR) for this area in fiscal year 2024 is set at $1860 per month. However, due to the lack of current market rent data, it's challenging to provide a direct comparison between the HUD FMR and actual market rates. This absence of market rent figures makes it difficult to determine if voucher tenants will generate positive cash flow at the HUD FMR, achieve marginal cash flow, or only break even with premium units.
The median home value in ZIP 30366 is also currently unavailable, which means we cannot calculate an accurate rent-to-price ratio. This ratio would typically help investors understand the relative affordability of renting versus buying in the area, but without the necessary data, such insights remain elusive. Similarly, the number of days on market (DOM) and the percentage of homes that required price cuts before selling are not available, which limits our ability to assess how the local housing market might influence the rental market.
In conclusion, despite the limitations posed by missing data, the primary investor angle for ZIP 30366 appears to be stability. Given the established HUD FMR and the consistent demand for affordable housing, landlords can rely on a steady stream of income from voucher tenants. Stability is crucial for small-portfolio investors who seek predictable returns without the volatility often associated with rapidly changing markets.
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.