Location: Atlanta-Sandy Springs-Roswell, GA | Metro: Atlanta-Sandy Springs-Roswell, GA HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,600 |
| 1 Bedroom | $1,670 |
| 2 Bedrooms | $1,820 |
| 3 Bedrooms | $2,170 |
| 4 Bedrooms | $2,580 |
| 5 Bedrooms | $2,993 |
| 6 Bedrooms | $3,352 |
| 7 Bedrooms | $3,620 |
| 8 Bedrooms | $3,801 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,820 | $267,907 | 0.68% | D |
| 3BR | $2,170 | $332,247 | 0.65% | D |
| 4BR | $2,580 | $385,917 | 0.67% | D |
| 5BR | $2,993 | $430,333 | 0.7% | D |
U.S. Census Bureau data (2024)
The potential pitfalls of investing in ZIP 30620 in Bethlehem, GA, under the Section 8 program are significant. Tenant turnover is a critical issue, with the market rent at $2,032 compared to the Fair Market Rent (FMR) of $1,900 for FY 2024. This disparity suggests that tenants might struggle to afford the higher market rates, leading to frequent moves and high vacancy rates. The vacancy exposure is further exacerbated by the lack of data on Days on Market (DOM), which indicates uncertainty regarding how quickly properties can be rented out. Additionally, the deferred maintenance exposure is notable, considering the typical home value of $362,827 and the median income of $84,098. Landlords must be prepared to cover maintenance costs that exceed the income levels of most residents, as tenants may not have the financial means to contribute to such expenses.
However, these risks are somewhat mitigated by the high renter share of 22.3%. A significant portion of the population relies on rental housing, which typically translates into a robust demand for Section 8 vouchers. High renter density often correlates with a larger pool of potential tenants who qualify for the Section 8 program, ensuring a steady stream of qualified applicants for available units. Despite the challenges, the strong presence of renters in the area provides a solid foundation for maintaining occupancy levels.
Verdict: Moderate risk for a first-time Section 8 landlord in ZIP 30620.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). Demographics from U.S. Census (2024).
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.