DeKalb County/Decatur/30034

30034

ZIPSAFMR

DeKalb County, GA

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ZIP Investment Score

122Above average

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$1,390	$1,130	0.2%
1 BR	$1,450	$1,180	0.7%
2 BR	$1,580	$1,520	-0.2%
3 BR	$1,880	$1,760	-0.7%
4 BR	$2,240	$2,170	-1.3%
5 BR	$2,576	Not available	-1.3%
6 BR	$2,962	Not available	-1.3%
7 BR	$3,407	Not available	-1.3%
8 BR	$3,918	Not available	-1.3%

Purchase Price Calculator

Maximum purchase price

$163,955

Cost breakdown

+Likely effective rent$1,520

HUD FMR$1,580

Market rentUsed$1,520

Est. payment standard (98%)$1,540

-Principal and interest-$829

Loan amount$131,164

Down payment$32,791

Rate6.50%

Term30 years

-Operating costs-$491

Property taxes-$164

Insurance-$175

Utilities$0

HOA$0

Management-$152

=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

+$24,506(74.7% ROI)

Projected value

$176,561

Return breakdown

Property appreciation+$12,607

Loan principal paid down+$4,699

Rental cash flow+$7,200

5-year hold

+$41,925(127.9% ROI)

Projected value

$185,500

Return breakdown

Property appreciation+$21,545

Loan principal paid down+$8,380

Rental cash flow+$12,000

10-year hold

+$89,889(274.1% ROI)

Projected value

$209,876

Return breakdown

Property appreciation+$45,921

Loan principal paid down+$19,968

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

1.23ratio

FMR$1,390

Market$1,130

vs market+$260

FMR is above market; underwrite to market rent.

1.23

1 BR

1.23ratio

FMR$1,450

Market$1,180

vs market+$270

FMR is above market; underwrite to market rent.

1.23

2 BR

1.04ratio

FMR$1,580

Market$1,520

vs market+$60

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

1.04

3 BR

1.07ratio

FMR$1,880

Market$1,760

vs market+$120

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

1.07

4 BR

1.03ratio

FMR$2,240

Market$2,170

vs market+$70

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

1.03

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 30034 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 30034 (Decatur, GA) is $1,580 a month. That is down 0.6% from $1,590 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, 30034 has the 48th-highest two-bedroom rent (county range $1,200–$2,410). The median county two-bedroom FMR in Georgia is $1,058, so ZIP 30034 is 49% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 30034
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$1,390	$1,390	0.0%	$1,251–$1,529
1BR	$1,450	$1,450	0.0%	$1,305–$1,595
2BR	$1,590	$1,580	−0.6%	$1,422–$1,738
3BR	$1,910	$1,880	−1.6%	$1,692–$2,068
4BR	$2,280	$2,240	−1.8%	$2,016–$2,464

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 30034
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$1,390	$1,450	$1,580	$1,880	$2,240
FY 2026	$1,390	$1,450	$1,590	$1,910	$2,280
FY 2025	$1,370	$1,430	$1,580	$1,900	$2,290
FY 2024	$1,380	$1,420	$1,590	$1,920	$2,330
FY 2023	$1,190	$1,210	$1,370	$1,670	$2,040

Two-bedroom rent in nearby DeKalb County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 30034
30012	$1,290	−18.4%
30021	$1,490	−5.7%
30030	$2,100	+32.9%
30031	$1,770	+12.0%
30032	$1,490	−5.7%
30033	$1,930	+22.2%
30034Current	$1,580	—
30035	$1,700	+7.6%
30036	$1,770	+12.0%
30037	$1,770	+12.0%
30038	$1,710	+8.2%
30039	$2,090	+32.3%

Questions about ZIP 30034 rents

How much will Section 8 pay for a two-bedroom in ZIP 30034?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,580, that basic range is $1,422 to $1,738 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 30034 in?

ZIP 30034 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 30034 for FY 2027?

The two-bedroom FMR fell 0.6%, from $1,590 in FY 2026 to $1,580 in FY 2027. Since FY 2023 it has risen 15.3%.

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