Atlanta-Sandy Springs-Alpharetta, GA · Georgia
Spalding County
ZIP 30223
68,215 residents309 permits TTM$60,217 median HHI3 ZIP codesUpdated April 16, 2026
Investor first look
Median home value
$196,600
ACS 5-Year
Cap rate proxy
11.1%
FMR × 0.65 ÷ Home Value
Rent-to-income
21.0%
HUD FMR ÷ ACS HHI
Net migration
+2.68%
IRS SOI
Permits (TTM)
309
Census BPS
Climate risk
40.9
FEMA NRI (0–100)
ZIP 30223
Median home value
$196,600
Gross yield
7.5%
Buy Box score
0.8
Section 8 gap
16.8%
Affordability
P/I: 3.4R/I: 24.9%
Section 8 detail
SAFMR: $1,230Rent: $1,053Gap: 16.8%
ZIP code breakdown3 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Buy Box score ↓ | Section 8 gap |
|---|---|---|---|---|---|
| 30223 | $196,600 | $1,230 | 7.5% | 0.8 | 16.8% |
| 30224 | $196,600 | $1,360 | 8.3% | 0.8 | 29.2% |
| 30284 | $196,600 | $1,510 | 9.2% | — | 43.4% |
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Demographics
Owner-occupied
63.7%
Census ACS
Vacancy rate
6.4%
Census ACS
Bachelor's degree +
17.9%
Census ACS
Rent burdened
46.5%
Census ACS (>30% income)
Median age
39.2
Census ACS
U.S. Census Bureau — American Community Survey 5-Year Estimates
U.S. Census Bureau — Building Permits Survey
U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)
Internal Revenue Service — Statistics of Income Migration Data
FEMA — National Risk Index
Last updated: April 16, 2026