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 | $1,210 |
| 1 Bedroom | $1,260 |
| 2 Bedrooms | $1,370 |
| 3 Bedrooms | $1,630 |
| 4 Bedrooms | $1,940 |
| 5 Bedrooms | $2,250 |
| 6 Bedrooms | $2,520 |
| 7 Bedrooms | $2,722 |
| 8 Bedrooms | $2,858 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,370 | $260,728 | 0.53% | F |
| 3BR | $1,630 | $339,868 | 0.48% | F |
| 4BR | $1,940 | $463,097 | 0.42% | F |
| 5BR | $2,250 | $563,078 | 0.4% | F |
U.S. Census Bureau data (2024)
The ZIP code 30656, located in Monroe, Georgia, has a population of 18,650. Among these residents, only 13.0% are renters, indicating that this area is predominantly a homeowner-dominated region rather than a renter-heavy one. This suggests that the demand for rental properties, particularly those accepting Section 8 vouchers, will be relatively low compared to areas with higher percentages of renters.
The median household income in this ZIP code is $93,428, which provides context for the affordability of housing. The typical market rent of $1,749 consumes approximately 19.6% of the median household income. This percentage is calculated by dividing the market rent by the median household income and multiplying by 100. For comparison, the Fair Market Rent (FMR) for the area, as determined by HUD for FY 2024, is set at $1,590, which represents about 17.0% of the median income.
A landlord in ZIP 30656 should expect tenants who are likely to have stable employment and income sources, given the overall economic conditions of the area. However, due to the lower percentage of renters, finding tenants willing to use their Section 8 vouchers might require more effort. Landlords should be prepared to compete on factors other than just price, such as property quality and location.
To summarize, while the area offers a solid income base for potential tenants, the relatively low proportion of renters and the slightly higher market rents compared to the FMR indicate a less favorable environment for landlords looking to attract a large number of Section 8 tenants. The expected tenant profile would be individuals and families who can afford the higher-than-average rent but still benefit from the voucher program.
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.