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 | $1,030 |
| 1 Bedroom | $1,070 |
| 2 Bedrooms | $1,170 |
| 3 Bedrooms | $1,390 |
| 4 Bedrooms | $1,660 |
| 5 Bedrooms | $1,926 |
| 6 Bedrooms | $2,157 |
| 7 Bedrooms | $2,330 |
| 8 Bedrooms | $2,447 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,170 | $220,773 | 0.53% | F |
| 3BR | $1,390 | $286,180 | 0.49% | F |
| 4BR | $1,660 | $415,843 | 0.4% | F |
U.S. Census Bureau data (2024)
The ZIP code 31064, located in Monticello, Georgia, falls within the Atlanta-Sandy Springs-Roswell, GA HUD Metro FMR Area. Its Fair Market Rent (FMR) for FY 2024 is set at $1,350, which contrasts sharply with the area's median market rent of $1,039. This suggests that 31064 has higher rental costs compared to the average within the larger Atlanta metro region.
A further analysis reveals that the median home value in 31064 is $305,153. While this figure is not explicitly provided for comparison to the Atlanta-Sandy Springs-Roswell, GA HUD Metro FMR Area, it can be inferred that this home value is relatively lower given the broader metro's typically higher property prices. The Atlanta metro is known for its diverse housing markets, but generally, home values exceed those found in Monticello.
The renter share in 31064 is 14.9%. This percentage is indicative of a smaller proportion of renters relative to homeowners, contrasting with areas where rental properties are more prevalent. However, the higher FMR and lower home values suggest that this ZIP could be an attractive location for landlords participating in the Section 8 program, as it may offer a balance between demand and affordability.
Based on these figures, ZIP 31064 appears to be a value pocket within the Atlanta-Sandy Springs-Roswell, GA HUD Metro FMR Area. The higher FMR coupled with a lower median home value indicates a potential sweet spot for Section 8 investments, especially considering the significant difference between the FMR and the typical market rent of $1,039. Landlords and small-portfolio investors looking to capitalize on government-subsidized rents should find this ZIP code appealing due to the higher subsidy rates compared to the local market rents.
To summarize, the combination of a higher FMR, lower home values, and a moderate renter share makes ZIP 31064 a promising value pocket within the Atlanta metro area. This environment is conducive to Section 8 investments, offering landlords a chance to secure stable rental income while potentially benefiting from property appreciation in a growing metro region.
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.