Location: Atlanta-Sandy Springs-Roswell, GA | Metro: Atlanta-Sandy Springs-Roswell, GA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,560 |
| 1 Bedroom | $1,630 |
| 2 Bedrooms | $1,770 |
| 3 Bedrooms | $2,110 |
| 4 Bedrooms | $2,500 |
| 5 Bedrooms | $2,900 |
| 6 Bedrooms | $3,248 |
| 7 Bedrooms | $3,508 |
| 8 Bedrooms | $3,683 |
To classify ZIP code 31141 in Georgia, we must rely on the available data points, which primarily include the Fair Market Rent (FMR) for 2024. The FMR for this area is set at $1860. This figure is crucial for understanding the rental yield potential but lacks context without comparative market data and home values.
The absence of market rent data and home values means we cannot fully assess the yield relative to these factors. However, the FMR provides a baseline for what can be expected in terms of rental income. In the absence of other specific data, we cannot make a definitive call on whether this represents a high-yield opportunity. Typically, a high-yield market would have a higher proportion of renters paying close to or above the FMR, but with no percentage of renters or days on market (DOM) data, we cannot determine the stability of this market.
Without detailed information on the percentage of renters, average DOM, and median household income, it's challenging to provide a complete analysis of stability. Stability in a market is often gauged by how quickly properties rent out and the financial health of the local population, both of which are currently unknown for ZIP 31141.
In conclusion, based on the limited data available, ZIP 31141 appears to offer a known rental income benchmark with the FMR at $1860. However, due to the lack of comprehensive market data, it's impossible to definitively classify this ZIP code as either a high-yield/low-stability market or a steady-cashflow zone. Further investigation into local rental trends, home values, and economic indicators would be necessary to provide a more precise classification.
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.