Clayton County housing stock & renter economics

Clayton County apartment-building and small-multifamily investors concentrate in ZIPs where HUD Fair Market Rents sit above or beside ACS median gross rent. The table below is ZCTA housing stock and voucher benchmarks for commercial residential income underwriting, linked to each ZIP housing profile. Live FMLS set on this page: 6 buildings.

12 ZCTAs · 12 with ACS. Medians across ACS ZIPs; totals for stock. Not a listing feed.

Population: 413,440
Households: 145,395
Housing units: 158,455
2-unit stock: 1,743
3–4 unit stock: 6,022
2–4 unit stock: 7,765
5–49 unit stock: 24,500
50+ unit stock: 2,027
Median renter share: 35.4%
ACS median rent: $1,357
Contract rent: $1,083
1BR SAFMR: $1,440
2BR SAFMR: $1,570
3BR SAFMR: $1,870
SAFMR / ACS rent: 1.13×
Vacancy (ACS): 8.3%
Pop Δ 2018–2023: +3.6%
Median HH income: $60,277
Rent burden ≥30%: 51.7%
Rent burden ≥50%: 27.8%
LIHTC projects / units: 30 / 4,414
HUD assisted MF: 8 / 885
Alloc. 5+ permits: 10,008

Clayton County: median renter share 35.4%; ACS median gross rent $1,357; FY2027 2BR SAFMR $1,570; 2BR SAFMR is 1.13× ACS median gross rent; 1,743 units in 2-unit structures, 6,022 in 3–4-unit structures, and 24,500 in 5–49-unit structures; population up +3.6% between ACS 2018 and 2023; 30 LIHTC projects (4,414 units); 10,008 allocated 5+ unit permits (county BPS × ZCTA share). Census / HUD stock — not a rent roll and not a buy/sell score.

ZIPPlaceRentersMed. rent2BR SAFMR2–49 unitsPop Δ

30349South Fulton / Old National41.7%$1,323$1,5009,834+4.1%30236Jonesboro43.2%$1,233$1,4005,743+4.2%30274Riverdale51.8%$1,241$1,4204,423-4.0%30297Forest Park64.5%$1,144$1,2904,016+2.9%30260Morrow55.4%$1,391$1,5403,128+9.0%30238Jonesboro40.1%$1,438$1,6401,382+10.1%30228Hampton25.6%$1,549$1,7301,208+21.8%30294Ellenwood22.8%$1,622$1,7901,034+3.1%30296Riverdale30.8%$1,527$1,7201,004-3.1%30288Conley20.8%$1,168$1,290472-20.3%

Georgia ZIP housing directory·All Georgia ZCTAs·SAFMR directory·Voucher Spread™·+2 more ZIPs on the housing-market pages

ZCTA ≈ USPS ZIP. ACS 5-year 2023 lags construction. Units-in-structure is Census standing stock (2-unit vs 3–4 vs 5–49 vs 50+), not the live FMLS card. SAFMR is a bedroom-specific HUD voucher benchmark, not asking rent. LIHTC / assisted-MF are inventory of record and belong on apartment pages. 5+ permits are county BPS 2025 allocated by ZCTA housing-unit share. Brokerage is Georgia-only.

6 Multifamily Investment Properties for Sale in Clayton County

As of today, 6 active small multifamily listings in Clayton County · median $142,225/door · median estimated cap 5.4% (n=4). Clayton County provides a more affordable entry point into the Atlanta metro multifamily market. Inventory often includes duplexes, triplexes, and smaller apartment buildings with stronger cash-flow potential than closer-in markets. Proximity to the airport and major employment corridors continues to support renter demand.

Most active listings are residential-financed 2–4 unit properties. Investors focused on cash flow frequently look here when core Fulton and DeKalb prices feel elevated.

All Georgia multifamily →Georgia multifamily market report →