Location: Atlanta-Sandy Springs-Roswell, GA | Metro: Atlanta-Sandy Springs-Roswell, GA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $990 |
| 1 Bedroom | $1,030 |
| 2 Bedrooms | $1,130 |
| 3 Bedrooms | $1,350 |
| 4 Bedrooms | $1,620 |
| 5 Bedrooms | $1,879 |
| 6 Bedrooms | $2,104 |
| 7 Bedrooms | $2,272 |
| 8 Bedrooms | $2,386 |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors in ZIP code 31085, located in the Atlanta-Sandy Springs-Roswell, GA HUD Metro FMR area, reveals a favorable environment for cashflow generation. The HUD Fair Market Rent (FMR) for the zip code is set at $1400 for fiscal year 2024, while the average market rent based on Census ACS data is $965. This indicates that voucher tenants can generate positive cashflow at the FMR rate, making it an attractive option for landlords and small-portfolio investors.
To further understand the investment potential, consider the median home value of $311,569. The rent-to-price ratio, calculated using the HUD FMR, is approximately 0.45%. This low ratio suggests that rental income could be significantly higher relative to property value compared to purchasing a home, providing a strong cashflow advantage for investors.
Note that the data does not provide the median days on market (DOM) or the percentage of properties that required price cuts. However, given the discrepancy between the HUD FMR and the actual market rent, these metrics are less critical for determining the viability of rental investments. The primary focus should remain on the robust cashflow potential offered by Section 8 vouchers in this area.
The strongest investor angle in ZIP 31085 is undoubtedly cashflow, as the difference between the HUD FMR and the market rent provides a substantial margin for profit, even when accounting for typical operating costs and vacancy rates.
Data Sources: FMR data from HUD (2027). 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.