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Housing market/Georgia/ZIP 30016

ACS 2023 · FY2027 SAFMR

ZIP 30016 Covington, Georgia

Atlanta-Sandy Springs-Roswell, GA HUD Metro FMR Area · Georgia. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.

Population
61,123
Households
20,640
Median HH income
$74,276
Renter share
19.2%
Median gross rent
$1,585
Vacancy
2.8%
Pop. change
+12.7%
2BR SAFMR
$1,780
SAFMR / rent
1.123×
2–49 unit stock
508
LIHTC proj / units
3 / 688
HUD assisted MF
—

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 30016 · GA — sent to you.

ZIP 30016 · GA

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ACS rent vs 2BR SAFMR

ZIP 30016 — Covington, GA HUD Section 8 Payment Standards / SAFMR →
ACS median rent$1,585
2BR SAFMR$1,780
90% floor$1,602
110% ceiling$1,958

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 30016

  • 1-unit detached19,83693.7%
  • 1-unit attached2281.1%
  • 2–4 units1700.8%
  • 5–49 units3381.6%
  • Mobile6052.9%
TypeUnitsShare
1-unit detached19,83693.5%
1-unit attached2281.1%
2 units (duplex)1130.5%
3–4 units570.3%
5–9 units1480.7%
10–19 units1740.8%
20–49 units160.1%
50+ units00.0%
Mobile6052.9%

2–4 unit share 0.8% · 5–49 unit share 1.6% · combined 2–49 2.4%.

Units by bedrooms

Studio
37
1BR
99
2BR
1,219
3BR
11,160
4BR
6,202
5+
2,506

Rent burden

Rent ≥30% of income48.7%
Rent ≥50% of income30.1%
  • ACS median gross rent $1,585 (all bedrooms, occupied rentals).
  • Median contract rent $1,299.
  • Renters paying ≥30% of income 48.7%; ≥50% 30.1%.
  • FY2027 2BR SAFMR $1,780 (1.123× ACS median gross rent).

Population

61,123 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +12.7%.

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: 3 projects, 688 units.
  • HUD project-based assisted MF: not published for this ZIP.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 5 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.

Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.

What the data shows

ZIP 30016 19.2% of occupied households are renters; vacancy is 2.8%; ACS median gross rent is $1,585; population increased +12.7% between the 2018 and 2023 ACS vintages; the housing stock includes 170 units in 2–4-unit structures and 338 units in 5–49-unit structures; 3 LIHTC projects totaling 688 units; FY2027 2BR SAFMR is $1,780 versus ACS median gross rent of $1,585. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.

ZIP 30016 — Covington, GA HUD Section 8 Payment Standards / SAFMR·Georgia ZIP directory

Nearby ZIPs in this FMR area

ZIPPlaceRentersMed. rent2BR SAFMR
30002Atlanta-Sandy Springs-Roswell, GA HUD Metro FMR Area34.8%$1,123$1,22030003Atlanta-Sandy Springs-Roswell, GA HUD Metro FMR Area——$1,90030004Atlanta-Sandy Springs-Roswell, GA HUD Metro FMR Area24.4%$1,839$2,09030005Atlanta-Sandy Springs-Roswell, GA HUD Metro FMR Area28.4%$1,929$2,15030006Atlanta-Sandy Springs-Roswell, GA HUD Metro FMR Area——$1,83030007Atlanta-Sandy Springs-Roswell, GA HUD Metro FMR Area——$1,83030008Atlanta-Sandy Springs-Roswell, GA HUD Metro FMR Area41.0%$1,416$1,59030009Atlanta-Sandy Springs-Roswell, GA HUD Metro FMR Area35.8%$2,030$2,18030010Atlanta-Sandy Springs-Roswell, GA HUD Metro FMR Area——$1,90030011Atlanta-Sandy Springs-Roswell, GA HUD Metro FMR Area16.9%$1,489$1,88030012Atlanta-Sandy Springs-Roswell, GA HUD Metro FMR Area42.0%$1,134$1,29030013Atlanta-Sandy Springs-Roswell, GA HUD Metro FMR Area39.9%$1,447$1,640

Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Georgia research. Brokerage is Georgia.

FAQ

What is the housing market like in ZIP 30016?

ZIP 30016 (Atlanta-Sandy Springs-Roswell, GA HUD Metro FMR Area) has 61,123 residents, 20,640 households, a renter share of 19.2%, median household income of $74,276, and ACS 2023 median gross rent of $1,585. Vacancy is 2.8%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 30016?

ACS counts 113 units in 2-unit buildings, 57 in 3–4 unit buildings, 148 in 5–9, 174 in 10–19, and 16 in 20–49. Combined 2–49 unit stock is 508 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 30016?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,780. See the full schedule and 90–110% payment-standard band on the ZIP 30016 — Covington, GA HUD Section 8 Payment Standards / SAFMR.