Location: Morgan County, 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 | $2,210 |
| 5 Bedrooms | $2,564 |
| 6 Bedrooms | $2,872 |
| 7 Bedrooms | $3,102 |
| 8 Bedrooms | $3,257 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,630 | $441,996 | 0.37% | F |
| 4BR | $2,210 | $582,905 | 0.38% | F |
U.S. Census Bureau data (2024)
The ZIP code 30663, located in the suburban areas of Georgia, represents a community with a total population of 3,697 residents. This neighborhood is predominantly owner-occupied, with only 14.4% of the population being renters. The median household income in this area stands at $69,417, indicating a middle-class demographic. The median home value is notably high at $445,058, suggesting that homeownership is a significant part of the local economy and lifestyle.
Transitioning to the rent economics, the Fair Market Rent (FMR) for ZIP 30663 as of the fiscal year 2024 is set at $1,260. However, the actual market rent, according to Census ACS data, is lower at $1,155. This discrepancy highlights an opportunity for landlords who can offer properties slightly above the market rate but still within the FMR guidelines, thereby attracting tenants eligible for Section 8 vouchers.
Given these economic conditions, ZIP 30663 is well-suited for both hands-off voucher operators and hands-on value-add buyers. For hands-off operators, the stability of the neighborhood and the alignment of market rents with FMR make it a reliable investment. On the other hand, value-add buyers can find opportunities to renovate homes or improve amenities, positioning them closer to the FMR without significantly exceeding the typical market rent. This balance allows for steady cash flow while providing room for strategic enhancements that can attract higher-quality tenants and potentially command slightly higher rents within the voucher limits.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.