Multifamily for Sale/SAFMR by ZIP/Voucher Spread™

Voucher Spread™

Jeff Crowe CRE · FY2027

Voucher Spread™

ZIP-level gap between HUD Small Area FMRs and actual small multifamily rents (FMLS Residential Income) in Georgia. The National tab is SAFMR vs ACS rent and opens the housing-market hub. Spreads publish only where samples clear a minimum.

What it measures

HUD publishes Small Area Fair Market Rents ZIP by ZIP in mandatory metros — Atlanta, Augusta, and Chattanooga among them. Those figures are the Housing Choice Voucher benchmark, not a rent survey of 2–50 unit buildings.

Voucher Spread™ puts the official FY2027 SAFMR next to FMLS Residential Income unit-type medians (full-year market and trailing-12 closed) where samples are large enough to publish.

Spread = (SAFMR − market median) ÷ market median

Positive — federal standard sits above the private median (common on 1-bedrooms in several core ZIPs).
Negative — private rents sit above the voucher benchmark (often 2- and 3-bedrooms in the same ZIPs).

The inversion in ZIP 30314

In30314 — Vine City / Ashview Heights / Washington Park— a large share of Fulton’s active 2–50 unit inventory — the FY20271-bedroom SAFMR sits well above both 2025 market and trailing-12 closed rents. On 2- and 3-bedroom units in the same ZIP, the private market sits above the federal standard.

That unit-type split is the story. It is not a metro-wide average and it is not a county FMR. It only shows up at ZIP + bedroom count on the small-multifamily layer institutional reports skip.

Three numbers people mix up

HUD Small Area FMR

Official ZIP-level benchmark. Published for every ZIP in theSAFMR directory.

PHA payment standard

What the local housing authority will actually pay. Usually 90–110% of SAFMR. Always verify with the PHA.

Private-market median

Observed rents on FMLS Residential Income (2–50 unit) listings. Used for Voucher Spread™ only where the sample clears the minimum.

When we will not publish a spread

Official SAFMR: every ZIP we store, every fiscal year.
Voucher Spread™: unit-type sample ≥ 5, plus a 1BR sanity floor ($700 and at least half that ZIP’s 2BR median). The $4,500 rent-cap clip is not published as a 3BR median.
Thin ZIPs get the federal schedule and a note — not a fake percentage.

Cite it

Figures and the Voucher Spread™ framing are free to reuse with attribution and a link back to this page or themarket report HUD tab.

ZIP SAFMR directory Open the Index

Public Voucher Spread™ set (1BR sample ≥ 5, median ≥ $700, and 1BR at least half the ZIP’s 2BR median). Click a ZIP for the full SAFMR schedule and spread detail. Snapshot 2026-09-01.

ZIP	Active	1BR mkt	1BR SAFMR	1BR spread	2BR spread	n 1BR	Listings
30314Vine City / Ashview Heights / Washington Park	21	$813	$1,110	+36.6%	-24.4%	44	Multifamily for sale in Vine City
30318West Midtown / Westside	16	$900	$1,700	+88.9%	+60.5%	18	Multifamily for sale in West Midtown
30308Midtown	13	$1,770	$2,030	+14.7%	+23.9%	24	Multifamily for sale in Midtown
30310West End / Adair Park	12	$1,200	$1,200	+0.0%	-6.4%	21	Multifamily for sale in West End
30312Old Fourth Ward / Grant Park	11	$1,375	$1,990	+44.7%	+3.8%	24	Multifamily for sale in Old Fourth Ward
30344East Point	10	$1,250	$1,400	+12.0%	+4.8%	22	Multifamily for sale in East Point
30316East Atlanta / Reynoldstown / Ormewood Park	7	$1,200	$1,670	+39.2%	+15.9%	7	Multifamily for sale in East Atlanta
30307Inman Park / Candler Park / Little Five Points	6	$1,260	$2,040	+61.9%	+18.4%	7	Multifamily for sale in Inman Park
30349South Fulton / Old National	6	$750	$1,380	+84.0%	+7.1%	7	Multifamily for sale in South Fulton
30032Decatur / Belvedere / Candler-McAfee	5	$1,100	$1,370	+24.5%	-0.7%	7	Multifamily for sale in Decatur
30315South Atlanta / Lakewood / Peoplestown	5	$1,250	$1,100	-12.0%	-20.0%	28	Multifamily for sale in South Atlanta
30060Marietta	4	$1,450	$1,400	-3.4%	-9.3%	7	Multifamily for sale in Marietta
30297Forest Park	4	$1,000	$1,190	+19.0%	+6.6%	8	—
30306Virginia-Highland / Morningside	3	$1,425	$1,980	+38.9%	+3.4%	27	Multifamily for sale in Virginia-Highland
30337College Park	3	$1,095	$1,170	+6.8%	-11.1%	17	Multifamily for sale in College Park
30021Clarkston	2	$985	$1,370	+39.1%	+49.0%	5	Multifamily for sale in Clarkston
30331Southwest Atlanta / Cascade / Camp Creek	2	$760	$1,320	+73.7%	+11.1%	7	Multifamily for sale in Southwest Atlanta
30223Griffin	0	$750	$1,070	+42.7%	+56.0%	8	—
30263Newnan	0	$1,000	$1,390	+39.0%	+51.0%	5	Multifamily for sale in Newnan
30313Downtown / Castleberry Hill	0	$1,613	$1,710	+6.0%	—	6	Multifamily for sale in Downtown
30317Kirkwood / East Lake	0	$1,588	$1,710	+7.7%	+1.8%	6	Multifamily for sale in Kirkwood
30319Brookhaven / North Buckhead	0	$1,125	$2,200	+95.6%	+38.4%	5	Multifamily for sale in Brookhaven
30324Midtown / Lindbergh / Piedmont Heights	0	$1,148	$2,210	+92.6%	+9.5%	10	Multifamily for sale in Midtown
30354Hapeville / Airport	0	$995	$1,320	+32.7%	+31.5%	9	Multifamily for sale in Hapeville

ZIP 2BR SAFMR versus the median 2BR SAFMR in the same HUD FMR area. Positive gap means this ZIP’s voucher benchmark sits above its area peers. Georgia Voucher Spread™ (SAFMR vs FMLS) stays on the Index tab.

SAFMR directory Housing-market hub Georgia Voucher Spread™ Index

StateFMR areaMin $ gapSort

Loading California…

ZIP	FMR area	ZIP 2BR	Area median	$ gap	Ratio

Area median is the median FY2027 2-bedroom Small Area FMR across ZIPs that share the same HUD area code (minimum 3 published 2BR rows). Not county FMR and not observed market rent. Brokerage is Georgia. Live inventory:Georgia multifamily for sale.

Full-year small multifamily medians by ZIP (all statuses). Spread vs a single fiscal SAFMR is shown on each ZIP page for the current year only — historical SAFMR series is not reloaded year-by-year here.

30314Vine City / Ashview Heights / Washington Park

Year	1BR med	2BR med	n 1BR
2016	$500	$645	9
2017	$650	$650	9
2018	$500	$638	9
2019	$525	$995	22
2020	$775	$600	8
2021	$575	$925	10
2022	$1,060	$1,020	5
2023	$1,200	$1,475	15
2024	$850	$1,595	56
2025	$813	$1,600	44

30318West Midtown / Westside

Year	1BR med	2BR med	n 1BR
2016	$695	$950	7
2017	$550	$650	6
2018	$1,208	$779	12
2019	$850	$925	7
2020	$1,000	$960	9
2021	$1,200	$1,950	11
2022	$850	$1,500	1
2023	$1,250	$1,800	8
2024	$1,000	$1,435	28
2025	$900	$1,153	18

30308Midtown

Year	1BR med	2BR med	n 1BR
2016	$850	$1,150	13
2017	$925	$1,223	19
2018	$1,300	$1,625	13
2019	$1,100	$1,700	26
2020	$1,425	$1,745	17
2021	$1,100	$1,800	32
2022	$1,100	$1,495	34
2023	$1,695	$1,895	28
2024	$1,800	$1,913	30
2025	$1,770	$1,800	24

30310West End / Adair Park

Year	1BR med	2BR med	n 1BR
2016	$573	$640	22
2017	$700	$650	11
2018	$510	$650	17
2019	$750	$650	12
2020	$750	$795	23
2021	$650	$880	17
2022	$900	$1,000	27
2023	$925	$925	26
2024	$850	$1,500	24
2025	$1,200	$1,400	21

30312Old Fourth Ward / Grant Park

Year	1BR med	2BR med	n 1BR
2016	$800	$1,100	6
2017	$700	$1,350	2
2018	$1,025	$1,200	2
2019	$925	$1,050	18
2020	$1,305	$1,200	20
2021	$1,200	$1,273	24
2022	$1,426	$1,475	19
2023	$1,250	$2,500	2
2024	$1,850	$1,825	9
2025	$1,375	$2,090	24

30344East Point

Year	1BR med	2BR med	n 1BR
2016	$550	$650	5
2017	$675	$600	4
2018	$500	$750	7
2019	$735	$775	19
2020	$650	$860	7
2021	$750	$800	7
2022	$863	$1,200	10
2023	$1,700	$1,180	5
2024	$1,200	$1,398	19
2025	$1,250	$1,450	22

30316East Atlanta / Reynoldstown / Ormewood Park

Year	1BR med	2BR med	n 1BR
2016	$870	$975	8
2017	$875	$1,450	2
2018	$1,193	$1,620	12
2019	$850	$1,200	13
2020	$995	$1,175	10
2021	$1,300	$1,750	7
2022	$2,500	$1,900	1
2023	$1,600	$2,525	11
2024	$1,525	$1,904	12
2025	$1,200	$1,570	7

30307Inman Park / Candler Park / Little Five Points

Year	1BR med	2BR med	n 1BR
2016	$948	$1,215	6
2017	$1,023	$1,175	16
2018	$830	$1,175	11
2019	$1,000	$2,000	4
2020	$850	$1,643	9
2021	$1,200	$1,590	17
2022	$1,300	$2,000	19
2023	$900	$2,315	12
2024	$1,543	$1,760	4
2025	$1,260	$1,875	7

30349South Fulton / Old National

Year	1BR med	2BR med	n 1BR
2016	$500	$700	1
2017	$500	$720	3
2018	$675	$800	2
2019	—	$800	0
2020	—	$800	0
2021	$650	$925	3
2022	$822	$925	4
2023	$1,000	$1,250	12
2024	$1,075	$1,360	2
2025	$750	$1,400	7

30032Decatur / Belvedere / Candler-McAfee

Year	1BR med	2BR med	n 1BR
2016	$625	$650	1
2017	$645	$700	2
2018	$650	$700	3
2019	—	$750	0
2020	$850	$775	7
2021	$750	$1,195	4
2022	—	$1,010	0
2023	$1,225	$1,000	2
2024	$1,200	$1,395	7
2025	$1,100	$1,500	7

30315South Atlanta / Lakewood / Peoplestown

Year	1BR med	2BR med	n 1BR
2016	$550	$625	18
2017	—	$843	0
2018	$950	$720	3
2019	$550	$1,050	20
2020	$1,000	$1,300	8
2021	$750	$1,100	12
2022	$1,050	$1,550	10
2023	$1,200	$995	13
2024	$1,286	$1,288	22
2025	$1,250	$1,500	28

30060Marietta

Year	1BR med	2BR med	n 1BR
2016	$595	$650	1
2017	$375	$725	2
2018	$1,100	$763	2
2019	$695	$838	6
2020	—	$800	0
2021	$913	$950	2
2022	$1,035	$1,095	2
2023	—	$2,100	0
2024	$1,800	$900	7
2025	$1,450	$1,675	7

30297Forest Park

Year	1BR med	2BR med	n 1BR
2016	$485	$700	2
2018	—	$595	0
2020	$545	$825	2
2021	$683	$750	4
2022	$600	$800	2
2023	$613	$1,200	2
2024	$1,000	$1,200	4
2025	$1,000	$1,210	8

30306Virginia-Highland / Morningside

Year	1BR med	2BR med	n 1BR
2016	$950	$1,300	17
2017	$1,083	$1,595	18
2018	$1,238	$1,600	24
2019	$1,275	$1,595	18
2020	$1,100	$1,850	23
2021	$1,300	$1,800	17
2022	$1,225	$2,150	22
2023	$1,250	$2,375	8
2024	$1,400	$2,250	11
2025	$1,425	$2,080	27

30337College Park

Year	1BR med	2BR med	n 1BR
2016	$550	$550	3
2017	$700	$500	3
2018	$550	$750	10
2019	$650	$825	9
2020	$450	$1,000	7
2021	$550	$825	5
2022	$813	$1,500	14
2023	$1,600	$990	3
2024	$1,550	$1,295	2
2025	$1,095	$1,428	17

31030

Year	1BR med	2BR med	n 1BR
2023	—	$750	0
2024	—	$725	0
2025	$500	$700	15

30021Clarkston

Year	1BR med	2BR med	n 1BR
2017	$775	$650	1
2018	$600	$805	4
2019	—	$665	0
2020	—	$800	0
2024	$845	$925	2
2025	$985	$1,000	5

30121Cartersville

Year	1BR med	2BR med	n 1BR
2016	$470	$500	4
2017	—	$475	0
2018	—	$625	0
2019	—	$650	0
2020	$485	$700	8
2021	—	$700	0
2022	$575	$825	16
2023	—	$800	0
2024	—	$1,100	0
2025	$455	$1,260	10

30331Southwest Atlanta / Cascade / Camp Creek

Year	1BR med	2BR med	n 1BR
2018	—	$900	0
2020	—	$850	0
2021	—	—	0
2022	$660	$1,200	8
2024	$1,300	$1,440	1
2025	$760	$1,296	7

31201

Year	1BR med	2BR med	n 1BR
2020	—	$818	0
2024	$625	$1,275	9
2025	$799	$800	6

30043Lawrenceville

Year	1BR med	2BR med	n 1BR
2018	—	$800	0
2019	—	$1,150	0
2023	—	$1,103	0
2025	$650	$1,750	5

30223Griffin

Year	1BR med	2BR med	n 1BR
2017	—	$463	0
2018	$300	$325	5
2021	—	$450	0
2022	—	$650	0
2023	—	$848	0
2024	$563	$850	4
2025	$750	$750	8

30263Newnan

Year	1BR med	2BR med	n 1BR
2016	—	$600	0
2022	—	$750	0
2025	$1,000	$1,000	5

30274Riverdale

Year	1BR med	2BR med	n 1BR
2022	—	$765	0
2023	—	$1,000	0
2024	$600	$1,250	1
2025	$600	$1,325	5

30305Buckhead

Year	1BR med	2BR med	n 1BR
2016	$725	$1,000	2
2017	$600	$1,484	1
2018	$1,900	$1,800	3
2019	$1,195	$1,475	4
2020	$1,800	$1,113	1
2021	$998	$1,550	10
2022	$1,125	$1,948	6
2023	$1,200	$1,920	14
2024	$1,575	$1,775	8
2025	$1,195	$2,900	5

30313Downtown / Castleberry Hill

Year	1BR med	2BR med	n 1BR
2019	$1,250	—	14
2025	$1,613	—	6

30317Kirkwood / East Lake

Year	1BR med	2BR med	n 1BR
2016	$785	$1,800	5
2017	—	$1,100	0
2019	$1,200	$1,425	4
2020	$1,105	$1,453	10
2021	$1,175	$995	4
2022	—	$1,900	0
2023	$1,150	—	7
2024	$1,275	$1,980	8
2025	$1,588	$1,828	6

30319Brookhaven / North Buckhead

Year	1BR med	2BR med	n 1BR
2019	—	$1,625	0
2020	—	$1,275	0
2021	—	$1,550	0
2022	—	$1,863	0
2024	$1,225	$2,600	4
2025	$1,125	$1,727	5

30324Midtown / Lindbergh / Piedmont Heights

Year	1BR med	2BR med	n 1BR
2016	—	$1,050	0
2017	$1,125	$1,195	1
2018	$900	$950	1
2019	$1,010	$1,300	3
2020	$1,030	$1,598	12
2021	$1,000	$1,448	8
2022	$1,500	$1,275	5
2023	—	$800	0
2024	$1,195	$1,695	4
2025	$1,148	$2,200	10

30354Hapeville / Airport

Year	1BR med	2BR med	n 1BR
2016	—	$650	0
2017	$610	$600	2
2018	—	$625	0
2019	$1,100	$813	5
2020	$823	$690	2
2021	$400	$650	12
2022	—	$795	0
2023	$800	$920	1
2024	$720	$1,100	8
2025	$995	$1,095	9

31816

Year	1BR med	2BR med	n 1BR
2025	$850	$850	8