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 |
The ZIP code 31145 in Georgia, which falls within the Atlanta-Sandy Springs-Roswell County area, presents unique characteristics that distinguish it from other regions. Due to the lack of specific data points such as the number of residents, percentage of renters, median income, and median home value, a detailed analysis based on these metrics is currently unavailable. However, the focus can shift towards understanding the economic dynamics of housing assistance through the lens of Section 8 vouchers.
The Fair Market Rent (FMR) for ZIP 31145 has been set at $1860 for fiscal year 2024. This figure is crucial for landlords and small-portfolio investors as it determines the maximum amount that can be charged for a rental unit under the Section 8 program. Without a specific comparison to the local market rent, it's important to consider how this FMR aligns with broader trends in the Atlanta metropolitan area, where housing costs can vary widely.
Section 8 vouchers provide a stable source of income for landlords, as the government guarantees payment of the difference between the tenant's contribution and the FMR. For ZIP 31145, this means landlords can expect a consistent monthly rental income of $1860, assuming the unit meets the size and quality standards required by the program. This predictability can be advantageous in an environment where market rents fluctuate.
The data signature for ZIP 31145 reads as transitional due to the absence of key economic indicators. While the FMR provides insight into the federal support available, the lack of detailed demographic and economic data suggests that this area might be undergoing changes that could affect its stability in the future. Landlords and investors should keep an eye on emerging trends and updates in the local real estate market to better understand the potential impact on their properties.
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.