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 Section 8 market analysis for ZIP code 30368 in Atlanta-Sandy Springs-Roswell, Georgia, reveals several key insights for landlords and small-portfolio investors. The HUD Fair Market Rent (FMR) for this area is set at $1940 per month for fiscal year 2024. However, due to the lack of specific market rent data, it's difficult to make an exact comparison. Based on the available HUD FMR, voucher tenants would likely cashflow at the FMR rate, assuming that the market rent is higher than the FMR. If the market rent is lower or equal to the FMR, then voucher tenants would only cashflow marginally or not at all without premium units.
The median home value in ZIP 30368 is currently unavailable, which makes deriving an accurate rent-to-price ratio challenging. This metric is crucial for understanding the broader rent-versus-buy dynamics in the area. Without a precise median home value, we cannot provide a definitive rent-to-price ratio. However, it's important to note that this ratio can influence investment decisions by highlighting potential opportunities for rental income relative to property values.
The number of days on market (DOM) and the percentage of homes that require price cuts before selling are also not available for ZIP 30368. These figures are typically indicative of the local housing market's health and can affect the attractiveness of renting versus buying. In the absence of these data points, we must rely on other factors such as the HUD FMR and general economic trends to assess the viability of investing in this area.
The strongest investor angle in ZIP 30368 appears to be cashflow, given the established HUD FMR and the assumption that market rents exceed this figure. While appreciation and stability are also important considerations, the ability to generate positive cashflow from voucher tenants is a significant advantage for landlords and small-portfolio investors looking to enter this 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.