Clayton County/Atlanta/30349

30349

ZIPSAFMR

Clayton County, GA

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ZIP Investment Score

138High yield potential

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$1,320	$1,440	-1.9%
1 BR	$1,380	$1,370	-1.2%
2 BR	$1,500	$1,650	-2.3%
3 BR	$1,790	$1,900	-2.8%
4 BR	$2,120	$2,170	-3.5%
5 BR	$2,438	Not available	-3.5%
6 BR	$2,804	Not available	-3.5%
7 BR	$3,224	Not available	-3.5%
8 BR	$3,708	Not available	-3.5%

Purchase Price Calculator

Maximum purchase price

$183,273

Cost breakdown

+Likely effective rent$1,650

HUD FMR$1,500

Market rent$1,730

Est. payment standard (110%)Used$1,650

-Principal and interest-$927

Loan amount$146,618

Down payment$36,655

Rate6.50%

Term30 years

-Operating costs-$523

Property taxes-$183

Insurance-$175

Utilities$0

HOA$0

Management-$165

=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

+$26,545(72.4% ROI)

Projected value

$197,365

Return breakdown

Property appreciation+$14,092

Loan principal paid down+$5,253

Rental cash flow+$7,200

5-year hold

+$45,451(124.0% ROI)

Projected value

$207,356

Return breakdown

Property appreciation+$24,084

Loan principal paid down+$9,367

Rental cash flow+$12,000

10-year hold

+$97,653(266.4% ROI)

Projected value

$234,605

Return breakdown

Property appreciation+$51,332

Loan principal paid down+$22,321

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

0.87ratio

FMR$1,320

Market$1,510

vs market-$190

FMR is below market; voucher rent may lag private rents.

0.87

1 BR

1.01ratio

FMR$1,380

Market$1,370

vs market+$10

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

1.01

2 BR

0.87ratio

FMR$1,500

Market$1,730

vs market-$230

FMR is below market; voucher rent may lag private rents.

0.87

3 BR

0.91ratio

FMR$1,790

Market$1,960

vs market-$170

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

0.91

4 BR

0.96ratio

FMR$2,120

Market$2,200

vs market-$80

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

0.96

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 30349 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 30349 (Atlanta, GA) is $1,500 a month. That is down 6.3% from $1,600 in FY 2026. Atlanta 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, 30349 has the 10th-highest two-bedroom rent (county range $1,270–$1,960). The median county two-bedroom FMR in Georgia is $1,058, so ZIP 30349 is 42% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 30349
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$1,390	$1,320	−5.0%	$1,188–$1,452
1BR	$1,460	$1,380	−5.5%	$1,242–$1,518
2BR	$1,600	$1,500	−6.2%	$1,350–$1,650
3BR	$1,920	$1,790	−6.8%	$1,611–$1,969
4BR	$2,290	$2,120	−7.4%	$1,908–$2,332

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 30349
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$1,320	$1,380	$1,500	$1,790	$2,120
FY 2026	$1,390	$1,460	$1,600	$1,920	$2,290
FY 2025	$1,380	$1,440	$1,590	$1,920	$2,310
FY 2024	$1,400	$1,430	$1,610	$1,950	$2,360
FY 2023	$1,190	$1,210	$1,370	$1,670	$2,040

Two-bedroom rent in nearby Clayton County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 30349
30274	$1,420	−5.3%
30281	$1,590	+6.0%
30287	$1,470	−2.0%
30288	$1,290	−14.0%
30294	$1,790	+19.3%
30296	$1,720	+14.7%
30297	$1,290	−14.0%
30298	$1,470	−2.0%
30320	$1,470	−2.0%
30337	$1,270	−15.3%
30349Current	$1,500	—
30354	$1,440	−4.0%

Questions about ZIP 30349 rents

How much will Section 8 pay for a two-bedroom in ZIP 30349?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,500, that basic range is $1,350 to $1,650 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 30349 in?

ZIP 30349 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 30349 for FY 2027?

The two-bedroom FMR fell 6.3%, from $1,600 in FY 2026 to $1,500 in FY 2027. Since FY 2023 it has risen 9.5%.

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