Fulton County/Alpharetta/30022

30022

ZIPSAFMR

Fulton County, GA

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ZIP Investment Score

76Below average

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$1,900	$1,740	-2.8%
1 BR	$1,980	$1,710	-2.4%
2 BR	$2,160	$2,170	-3.3%
3 BR	$2,570	$2,440	-3.8%
4 BR	$3,060	$3,050	-4.5%
5 BR	$3,519	Not available	-4.5%
6 BR	$4,047	Not available	-4.5%
7 BR	$4,654	Not available	-4.5%
8 BR	$5,352	Not available	-4.5%

Purchase Price Calculator

Maximum purchase price

$260,545

Cost breakdown

+Likely effective rent$2,170

HUD FMR$2,160

Market rent$2,170

Est. payment standard (100%)Used$2,170

-Principal and interest-$1,317

Loan amount$208,436

Down payment$52,109

Rate6.50%

Term30 years

-Operating costs-$653

Property taxes-$261

Insurance-$175

Utilities$0

HOA$0

Management-$217

=Target cash flow+$200

Calculation mode

BedroomsCash-flow target

Down payment methodDown payment %

HOA / mo

Utilities methodUtilities amount

Management methodManagement % of rent

Hold period projections

Annual appreciation rate

3-year hold

+$34,701(66.6% ROI)

Projected value

$280,578

Return breakdown

Property appreciation+$20,033

Loan principal paid down+$7,468

Rental cash flow+$7,200

5-year hold

+$59,555(114.3% ROI)

Projected value

$294,782

Return breakdown

Property appreciation+$34,238

Loan principal paid down+$13,317

Rental cash flow+$12,000

10-year hold

+$128,707(247.0% ROI)

Projected value

$333,519

Return breakdown

Property appreciation+$72,975

Loan principal paid down+$31,732

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

1.09ratio

FMR$1,900

Market$1,740

vs market+$160

FMR is near market; voucher and private rents are aligned.

1.09

1 BR

1.16ratio

FMR$1,980

Market$1,710

vs market+$270

FMR is above market; underwrite to market rent.

1.16

2 BR

1.00ratio

FMR$2,160

Market$2,170

vs market-$10

FMR is near market; voucher and private rents are aligned.

1.00

3 BR

1.05ratio

FMR$2,570

Market$2,440

vs market+$130

FMR is near market; voucher and private rents are aligned.

1.05

4 BR

1.00ratio

FMR$3,060

Market$3,050

vs market+$10

FMR is near market; voucher and private rents are aligned.

1.00

0.700.800.901.001.101.201.30aligned range

Historical

FY 2023-2027

FMR: FY2027
Market rent: last ~365 days
Property value: --
Tax rate: --
Mortgage rate: --

ZIP 30022 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 30022 (Alpharetta, GA) is $2,160 a month. That is down 6.1% from $2,300 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 74 ZIP codes in Fulton County, 30022 has the 15th-highest two-bedroom rent (county range $1,200–$2,640). The median county two-bedroom FMR in Georgia is $1,058, so ZIP 30022 is 104% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 30022
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$2,000	$1,900	−5.0%	$1,710–$2,090
1BR	$2,100	$1,980	−5.7%	$1,782–$2,178
2BR	$2,300	$2,160	−6.1%	$1,944–$2,376
3BR	$2,760	$2,570	−6.9%	$2,313–$2,827
4BR	$3,290	$3,060	−7.0%	$2,754–$3,366

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 30022
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$1,900	$1,980	$2,160	$2,570	$3,060
FY 2026	$2,000	$2,100	$2,300	$2,760	$3,290
FY 2025	$2,050	$2,130	$2,360	$2,840	$3,420
FY 2024	$2,070	$2,130	$2,390	$2,890	$3,510
FY 2023	$1,710	$1,750	$1,980	$2,410	$2,940

Two-bedroom rent in nearby Fulton County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 30022
30004	$2,090	−3.2%
30005	$2,150	−0.5%
30009	$2,180	+0.9%
30022Current	$2,160	—
30023	$1,850	−14.4%
30024	$2,110	−2.3%
30075	$2,020	−6.5%
30076	$1,850	−14.4%
30077	$1,850	−14.4%
30092	$1,930	−10.6%
30097	$2,090	−3.2%
30213	$1,880	−13.0%

Questions about ZIP 30022 rents

How much will Section 8 pay for a two-bedroom in ZIP 30022?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,160, that basic range is $1,944 to $2,376 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 30022 in?

ZIP 30022 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 30022 for FY 2027?

The two-bedroom FMR fell 6.1%, from $2,300 in FY 2026 to $2,160 in FY 2027. Since FY 2023 it has risen 9.1%.

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 rent Alpharetta, GA fair market rent GA statewide rents What is SAFMR?Data sources