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DeKalb County/Decatur/30032

30032

ZIPSAFMR
DeKalb County, GA
Zillow

ZIP Investment Score

133High yield potential

095130300
BRFMR
Eff. Rent
0 BR$1,310$950
1 BR$1,370$1,370
2 BR$1,490$1,610
3 BR$1,780$1,960
4 BR$2,110$2,180
5 BR$2,427Not available
6 BR$2,790Not available
7 BR$3,209Not available
8 BR$3,690Not available

Purchase Price Calculator

Maximum purchase price
$177,329

Cost breakdown

+Likely effective rent$1,610
HUD FMR$1,490
Market rent$1,670
Est. payment standard (108%)Used$1,610
-Principal and interest-$897
Loan amount$141,863
Down payment$35,466
Rate6.50%
Term30 years
-Operating costs-$513
Property taxes-$177
Insurance-$175
Utilities$0
HOA$0
Management-$161
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$25,918(73.1% ROI)
Projected value
$190,964
Return breakdown
Property appreciation+$13,635
Loan principal paid down+$5,083
Rental cash flow+$7,200
5-year hold
+$44,366(125.1% ROI)
Projected value
$200,631
Return breakdown
Property appreciation+$23,302
Loan principal paid down+$9,064
Rental cash flow+$12,000
10-year hold
+$95,264(268.6% ROI)
Projected value
$226,996
Return breakdown
Property appreciation+$49,667
Loan principal paid down+$21,597
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.38
1 BR
1.00
2 BR
0.89
3 BR
0.85
4 BR
0.95
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 30032 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 30032 (Decatur, GA) is $1,490 a month. That is down 3.9% from $1,550 in FY 2026. Decatur 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 57 ZIP codes in DeKalb County, 30032 is tied for the 50th-highest two-bedroom rent (county range $1,200–$2,410). The median county two-bedroom FMR in Georgia is $1,058, so ZIP 30032 is 41% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 30032
BedroomsFY 2027Change90–110% range
Studio$1,310−3.0%$1,179–$1,441
1BR$1,370−2.8%$1,233–$1,507
2BR$1,490−3.9%$1,341–$1,639
3BR$1,780−4.3%$1,602–$1,958
4BR$2,110−5.0%$1,899–$2,321

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 30032
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,310$1,370$1,490$1,780$2,110
FY 2026$1,350$1,410$1,550$1,860$2,220
FY 2025$1,350$1,400$1,550$1,870$2,250
FY 2024$1,340$1,380$1,550$1,870$2,280
FY 2023$1,140$1,170$1,320$1,610$1,960

Two-bedroom rent in nearby DeKalb County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 30032
30012$1,290−13.4%
30021$1,4900.0%
30030$2,100+40.9%
30031$1,770+18.8%
30032Current$1,490—
30033$1,930+29.5%
30034$1,580+6.0%
30035$1,700+14.1%
30036$1,770+18.8%
30037$1,770+18.8%
30038$1,710+14.8%
30039$2,090+40.3%

Questions about ZIP 30032 rents

How much will Section 8 pay for a two-bedroom in ZIP 30032?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,490, that basic range is $1,341 to $1,639 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 30032 in?

ZIP 30032 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 30032 for FY 2027?

The two-bedroom FMR fell 3.9%, from $1,550 in FY 2026 to $1,490 in FY 2027. Since FY 2023 it has risen 12.9%.

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