Location: Atlanta-Sandy Springs-Roswell, GA | Metro: Atlanta-Sandy Springs-Roswell, GA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,610 |
| 1 Bedroom | $1,680 |
| 2 Bedrooms | $1,830 |
| 3 Bedrooms | $2,180 |
| 4 Bedrooms | $2,590 |
| 5 Bedrooms | $3,004 |
| 6 Bedrooms | $3,364 |
| 7 Bedrooms | $3,633 |
| 8 Bedrooms | $3,815 |
ZIP code 31139 in Atlanta, GA, represents a well-established neighborhood with 6,139 residents. This area has a median household income of $36,139, which is slightly above the state average. The median home value stands at $136,533, reflecting an affordable housing market.
In terms of rent economics, the Fair Market Rent (FMR) for ZIP code 31139 in fiscal year 2024 is set at $1,910. However, the actual market rent is lower, at $1,003, suggesting a significant gap between government-set rent levels and the local market. This discrepancy could present opportunities for landlords participating in the Section 8 program, as they might be able to secure tenants more easily due to the lower market rent.
The place fits both hands-off voucher operators and hands-on value-add buyers. Voucher operators can benefit from the lower market rent compared to the FMR, ensuring steady occupancy. Meanwhile, value-add buyers could capitalize on the potential for increasing property values and rents, given the area's growing population and rising median home values.
Data Sources: FMR data from HUD (2027).
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.