FMR is below market; voucher rent may lag private rents.
0.75
1 BR
1 BR- 30650
0.78ratio
FMR$1,240
Market$1,600
vs market-$360
FMR is below market; voucher rent may lag private rents.
0.78
2 BR
2 BR- 30650
0.77ratio
FMR$1,350
Market$1,760
vs market-$410
FMR is below market; voucher rent may lag private rents.
0.77
3 BR
3 BR- 30650
0.76ratio
FMR$1,610
Market$2,130
vs market-$520
FMR is below market; voucher rent may lag private rents.
0.76
4 BR
4 BR- 30650
0.92ratio
FMR$2,190
Market$2,380
vs market-$190
FMR is near market; voucher and private rents are aligned.
0.92
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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Madison, GA fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Madison, GA is $1,350 a month. That is down 6.9% from $1,450 in FY 2026. Madison is in the Morgan County, GA HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. The median county two-bedroom FMR in Georgia is $1,058, so Madison is 28% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Madison, GA
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,270
$1,190
−6.3%
$1,071–$1,309
1BR
$1,320
$1,240
−6.1%
$1,116–$1,364
2BR
$1,450
$1,350
−6.9%
$1,215–$1,485
3BR
$1,750
$1,610
−8.0%
$1,449–$1,771
4BR
$2,430
$2,190
−9.9%
$1,971–$2,409
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Madison, GA
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,190
$1,240
$1,350
$1,610
$2,190
FY 2026
$1,270
$1,320
$1,450
$1,750
$2,430
FY 2025
$1,060
$1,060
$1,390
$1,680
$2,330
FY 2024
$1,030
$1,040
$1,360
$1,640
$2,310
FY 2023
$840
$840
$1,110
$1,370
$1,890
Questions about Madison, GA rents
How much will Section 8 pay for a two-bedroom in Madison, GA?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,350, that basic range is $1,215 to $1,485 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 Madison, GA in?
Madison, GA is in the Morgan County, 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 Madison, GA for FY 2027?
The two-bedroom FMR fell 6.9%, from $1,450 in FY 2026 to $1,350 in FY 2027. Since FY 2023 it has risen 21.6%.
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