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Heard County/Lagrange/30240

30240

ZIPSAFMR
Heard County, GA
Zillow

ZIP Investment Score

80Below average

095130300
BRFMR
Eff. Rent
0 BR$830$910
1 BR$1,020$1,120
2 BR$1,190$1,310
3 BR$1,470$1,300
4 BR$1,930$1,360
5 BR$2,220Not available
6 BR$2,552Not available
7 BR$2,935Not available
8 BR$3,376Not available

Purchase Price Calculator

Maximum purchase price
$132,749

Cost breakdown

+Likely effective rent$1,310
HUD FMR$1,190
Market rent$1,410
Est. payment standard (110%)Used$1,310
-Principal and interest-$671
Loan amount$106,199
Down payment$26,550
Rate6.50%
Term30 years
-Operating costs-$439
Property taxes-$133
Insurance-$175
Utilities$0
HOA$0
Management-$131
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$21,212(79.9% ROI)
Projected value
$142,956
Return breakdown
Property appreciation+$10,207
Loan principal paid down+$3,805
Rental cash flow+$7,200
5-year hold
+$36,229(136.5% ROI)
Projected value
$150,193
Return breakdown
Property appreciation+$17,444
Loan principal paid down+$6,785
Rental cash flow+$12,000
10-year hold
+$77,349(291.3% ROI)
Projected value
$169,930
Return breakdown
Property appreciation+$37,181
Loan principal paid down+$16,168
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.83
1 BR
0.87
2 BR
0.84
3 BR
1.13
4 BR
1.42
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 30240 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 30240 (Lagrange, GA) is $1,190 a month. That is up 4.4% from $1,140 in FY 2026. Lagrange 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 6 ZIP codes in Heard County, 30240 has the 3rd-highest two-bedroom rent (county range $1,000–$1,510). The median county two-bedroom FMR in Georgia is $1,058, so ZIP 30240 is 12% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 30240
BedroomsFY 2027Change90–110% range
Studio$830−4.6%$747–$913
1BR$1,020+9.7%$918–$1,122
2BR$1,190+4.4%$1,071–$1,309
3BR$1,470+2.8%$1,323–$1,617
4BR$1,930+10.9%$1,737–$2,123

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 30240
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$830$1,020$1,190$1,470$1,930
FY 2026$870$930$1,140$1,430$1,740
FY 2025$960$990$1,100$1,370$1,620
FY 2024$1,060$1,090$1,220$1,480$1,790
FY 2023$810$830$940$1,140$1,400

Two-bedroom rent in nearby Heard County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 30240
30108$1,000−16.0%
30170$1,090−8.4%
30217$1,000−16.0%
30230$1,270+6.7%
30240Current$1,190—
30263$1,510+26.9%

Questions about ZIP 30240 rents

How much will Section 8 pay for a two-bedroom in ZIP 30240?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,190, that basic range is $1,071 to $1,309 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 30240 in?

ZIP 30240 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 30240 for FY 2027?

The two-bedroom FMR rose 4.4%, from $1,140 in FY 2026 to $1,190 in FY 2027. Since FY 2023 it has risen 26.6%.

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