Skip to main content
Loading page
Forsyth County/Alpharetta/30004

30004

ZIPSAFMR
Forsyth County, GA
Zillow

ZIP Investment Score

86Below average

095130300
BRFMR
Eff. Rent
0 BR$1,840$1,850
1 BR$1,920$1,800
2 BR$2,090$2,150
3 BR$2,490$2,740
4 BR$2,960$3,220
5 BR$3,404Not available
6 BR$3,915Not available
7 BR$4,502Not available
8 BR$5,177Not available

Purchase Price Calculator

Maximum purchase price
$257,573

Cost breakdown

+Likely effective rent$2,150
HUD FMR$2,090
Market rent$2,180
Est. payment standard (103%)Used$2,150
-Principal and interest-$1,302
Loan amount$206,058
Down payment$51,515
Rate6.50%
Term30 years
-Operating costs-$648
Property taxes-$258
Insurance-$175
Utilities$0
HOA$0
Management-$215
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$34,387(66.8% ROI)
Projected value
$277,378
Return breakdown
Property appreciation+$19,805
Loan principal paid down+$7,383
Rental cash flow+$7,200
5-year hold
+$59,012(114.6% ROI)
Projected value
$291,420
Return breakdown
Property appreciation+$33,847
Loan principal paid down+$13,165
Rental cash flow+$12,000
10-year hold
+$127,512(247.5% ROI)
Projected value
$329,715
Return breakdown
Property appreciation+$72,142
Loan principal paid down+$31,370
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

Studio
0.99
1 BR
1.07
2 BR
0.96
3 BR
0.86
4 BR
0.88
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 30004 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 30004 (Alpharetta, GA) is $2,090 a month. That is down 0.9% from $2,110 in FY 2026. Alpharetta is in the Atlanta-Sandy Springs-Roswell, GA HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. Among 10 ZIP codes in Forsyth County, 30004 is tied for the 5th-highest two-bedroom rent (county range $1,220–$2,310). The median county two-bedroom FMR in Georgia is $1,058, so ZIP 30004 is 98% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 30004
BedroomsFY 2027Change90–110% range
Studio$1,8400.0%$1,656–$2,024
1BR$1,9200.0%$1,728–$2,112
2BR$2,090−0.9%$1,881–$2,299
3BR$2,490−1.6%$2,241–$2,739
4BR$2,960−2.0%$2,664–$3,256

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 30004
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,840$1,920$2,090$2,490$2,960
FY 2026$1,840$1,920$2,110$2,530$3,020
FY 2025$1,830$1,910$2,110$2,540$3,060
FY 2024$1,850$1,900$2,130$2,580$3,130
FY 2023$1,590$1,630$1,840$2,240$2,730

Two-bedroom rent in nearby Forsyth County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 30004
30004Current$2,090—
30005$2,150+2.9%
30024$2,110+1.0%
30028$2,310+10.5%
30040$2,100+0.5%
30041$2,070−1.0%
30097$2,0900.0%
30107$1,220−41.6%
30506$1,490−28.7%
30534$1,650−21.1%

Questions about ZIP 30004 rents

How much will Section 8 pay for a two-bedroom in ZIP 30004?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,090, that basic range is $1,881 to $2,299 a month. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.

Which HUD fair market rent area is ZIP 30004 in?

ZIP 30004 is in the Atlanta-Sandy Springs-Roswell, GA HUD Metro FMR Area. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.

How much did fair market rent change in ZIP 30004 for FY 2027?

The two-bedroom FMR fell 0.9%, from $2,110 in FY 2026 to $2,090 in FY 2027. Since FY 2023 it has risen 13.6%.

When do FY 2027 fair market rents take effect?

HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.

Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set

County fair market rentAlpharetta, GA fair market rentGA statewide rentsWhat is SAFMR?Data sources