Section 8 Fair Market Rent (FMR) for ZIP 30377 - 2027
Location: Atlanta-Sandy Springs-Roswell, GA | Metro: Atlanta-Sandy Springs-Roswell, GA HUD Metro FMR Area
FY 2027 Fair Market Rent Rates
| 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 |
To decide whether to invest in ZIP 30377 for Section 8 properties, follow these steps:
- Step 1: Debt Service Coverage Ratio (DSCR)
- If the Fair Market Rent (FMR) of $1940 can cover the debt service on the property, proceed to Step 2.
- If not, do not invest in ZIP 30377 for Section 8 properties. The rental income will not be sufficient to meet financial obligations.
- Step 2: Market Rent Comparison
- If the market rent is higher than the FMR of $1940, consider the following:
- If the market rent is equal to or lower than the FMR, proceed to Step 3. Landlords can expect to receive the FMR or less, which aligns with the program's guidelines.
- Step 3: Rental Demand Analysis
- If the percentage of renters and days on the market (DOM) indicate strong demand, then investing in ZIP 30377 for Section 8 properties is advisable.
- If there is weak demand, characterized by low percentages of renters and high DOM, reconsider investing in this ZIP code. There may not be enough tenants interested in Section 8 properties to ensure steady occupancy.
Note: Specific figures for market rent, percentage of renters, and DOM are required to make a precise decision. Without these details, the analysis remains incomplete. Ensure you have the most up-to-date local market data before making an investment decision.
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.