FMR is near market; voucher and private rents are aligned.
1.02
1 BR
1 BR
1.05ratio
FMR$1,700
Market$1,620
vs market+$80
FMR is near market; voucher and private rents are aligned.
1.05
2 BR
2 BR
0.86ratio
FMR$1,850
Market$2,160
vs market-$310
FMR is below market; voucher rent may lag private rents.
0.86
3 BR
3 BR
1.02ratio
FMR$2,200
Market$2,160
vs market+$40
FMR is near market; voucher and private rents are aligned.
1.02
4 BR
4 BR
1.16ratio
FMR$2,620
Market$2,250
vs market+$370
FMR is above market; underwrite to market rent.
1.16
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
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ZIP 30398 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 30398 (Atlanta, GA) is $1,850 a month. That is down 3.6% from $1,920 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 74 ZIP codes in Fulton County, 30398 is tied for the 30th-highest two-bedroom rent (county range $1,200–$2,640). The median county two-bedroom FMR in Georgia is $1,058, so ZIP 30398 is 75% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 30398
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,670
$1,630
−2.4%
$1,467–$1,793
1BR
$1,750
$1,700
−2.9%
$1,530–$1,870
2BR
$1,920
$1,850
−3.6%
$1,665–$2,035
3BR
$2,300
$2,200
−4.3%
$1,980–$2,420
4BR
$2,750
$2,620
−4.7%
$2,358–$2,882
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 30398
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,630
$1,700
$1,850
$2,200
$2,620
FY 2026
$1,670
$1,750
$1,920
$2,300
$2,750
FY 2025
$1,690
$1,750
$1,940
$2,340
$2,810
FY 2024
$1,680
$1,730
$1,940
$2,350
$2,850
FY 2023
$1,410
$1,440
$1,630
$1,980
$2,420
Two-bedroom rent in nearby Fulton County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 30398?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,850, that basic range is $1,665 to $2,035 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 30398 in?
ZIP 30398 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 30398 for FY 2027?
The two-bedroom FMR fell 3.6%, from $1,920 in FY 2026 to $1,850 in FY 2027. Since FY 2023 it has risen 13.5%.
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