Clayton County/Forest Park/30297

30297

ZIPSAFMR

Clayton County, GA

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ZIP Investment Score

147High yield potential

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$1,140	$1,110	-1.4%
1 BR	$1,190	$1,060	-0.8%
2 BR	$1,290	$1,300	-2.0%
3 BR	$1,540	$1,550	-2.5%
4 BR	$1,830	$1,730	-3.1%
5 BR	$2,105	Not available	-3.1%
6 BR	$2,420	Not available	-3.1%
7 BR	$2,783	Not available	-3.1%
8 BR	$3,201	Not available	-3.1%

Purchase Price Calculator

Maximum purchase price

$131,263

Cost breakdown

+Likely effective rent$1,300

HUD FMR$1,290

Market rent$1,300

Est. payment standard (101%)Used$1,300

-Principal and interest-$664

Loan amount$105,010

Down payment$26,253

Rate6.50%

Term30 years

-Operating costs-$436

Property taxes-$131

Insurance-$175

Utilities$0

HOA$0

Management-$130

=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

+$21,055(80.2% ROI)

Projected value

$141,356

Return breakdown

Property appreciation+$10,093

Loan principal paid down+$3,762

Rental cash flow+$7,200

5-year hold

+$35,958(137.0% ROI)

Projected value

$148,512

Return breakdown

Property appreciation+$17,249

Loan principal paid down+$6,709

Rental cash flow+$12,000

10-year hold

+$76,751(292.4% ROI)

Projected value

$168,028

Return breakdown

Property appreciation+$36,765

Loan principal paid down+$15,987

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

1.03ratio

FMR$1,140

Market$1,110

vs market+$30

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

1.03

1 BR

1.12ratio

FMR$1,190

Market$1,060

vs market+$130

FMR is above market; underwrite to market rent.

1.12

2 BR

0.99ratio

FMR$1,290

Market$1,300

vs market-$10

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

0.99

3 BR

0.99ratio

FMR$1,540

Market$1,560

vs market-$20

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

0.99

4 BR

1.06ratio

FMR$1,830

Market$1,730

vs market+$100

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

1.06

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 30297 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 30297 (Forest Park, GA) is $1,290 a month. That is down 2.3% from $1,320 in FY 2026. Forest Park 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 20 ZIP codes in Clayton County, 30297 is tied for the 18th-highest two-bedroom rent (county range $1,270–$1,960). The median county two-bedroom FMR in Georgia is $1,058, so ZIP 30297 is 22% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 30297
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$1,150	$1,140	−0.9%	$1,026–$1,254
1BR	$1,200	$1,190	−0.8%	$1,071–$1,309
2BR	$1,320	$1,290	−2.3%	$1,161–$1,419
3BR	$1,580	$1,540	−2.5%	$1,386–$1,694
4BR	$1,890	$1,830	−3.2%	$1,647–$2,013

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 30297
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$1,140	$1,190	$1,290	$1,540	$1,830
FY 2026	$1,150	$1,200	$1,320	$1,580	$1,890
FY 2025	$1,170	$1,220	$1,350	$1,630	$1,960
FY 2024	$1,190	$1,220	$1,370	$1,660	$2,010
FY 2023	$1,020	$1,040	$1,180	$1,440	$1,750

Two-bedroom rent in nearby Clayton County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 30297
30260	$1,540	+19.4%
30273	$1,600	+24.0%
30274	$1,420	+10.1%
30281	$1,590	+23.3%
30287	$1,470	+14.0%
30288	$1,290	0.0%
30294	$1,790	+38.8%
30296	$1,720	+33.3%
30297Current	$1,290	—
30298	$1,470	+14.0%
30320	$1,470	+14.0%
30337	$1,270	−1.6%

Questions about ZIP 30297 rents

How much will Section 8 pay for a two-bedroom in ZIP 30297?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,290, that basic range is $1,161 to $1,419 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 30297 in?

ZIP 30297 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 30297 for FY 2027?

The two-bedroom FMR fell 2.3%, from $1,320 in FY 2026 to $1,290 in FY 2027. Since FY 2023 it has risen 9.3%.

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