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GA/Floyd County/Silver Creek

Silver Creek, GA

CitySAFMR
Floyd County
Found 1 ZIP

City Median Investment Score

132High yield potential

095130300
BRFMR
Eff. Rent
0 BR$910$1,000
1 BR$1,050$1,130
2 BR$1,310$1,310
3 BR$1,710$1,630
4 BR$1,720$1,720
5 BR$1,978Not available
6 BR$2,275Not available
7 BR$2,616Not available
8 BR$3,008Not available

Purchase Price Calculator

Maximum purchase price
$132,749

Cost breakdown

+Likely effective rent$1,310
HUD FMR$1,310
Market rent$1,310
Est. payment standard (100%)Used$1,310
-Principal and interest-$671
Loan amount$106,199
Down payment$26,550
Rate6.50%
Term30 years
-Operating costs-$439
Property taxes-$133
Insurance-$175
Utilities$0
HOA$0
Management-$131
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$21,212(79.9% ROI)
Projected value
$142,956
Return breakdown
Property appreciation+$10,207
Loan principal paid down+$3,805
Rental cash flow+$7,200
5-year hold
+$36,229(136.5% ROI)
Projected value
$150,193
Return breakdown
Property appreciation+$17,444
Loan principal paid down+$6,785
Rental cash flow+$12,000
10-year hold
+$77,349(291.3% ROI)
Projected value
$169,930
Return breakdown
Property appreciation+$37,181
Loan principal paid down+$16,168
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.76
1 BR
0.90
2 BR
1.00
3 BR
1.05
4 BR
1.00
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

Silver Creek, GA fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Silver Creek, GA is $1,310 a month. That is up 0.8% from $1,300 in FY 2026. Silver Creek is in the Rome, GA MSA. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $1,204. The median county two-bedroom FMR in Georgia is $1,058, so Silver Creek is 24% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Silver Creek, GA
BedroomsFY 2027Change90–110% range
Studio$910+1.1%$819–$1,001
1BR$1,050+5.0%$945–$1,155
2BR$1,310+0.8%$1,179–$1,441
3BR$1,710+2.4%$1,539–$1,881
4BR$1,720−2.3%$1,548–$1,892

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Silver Creek, GA
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$910$1,050$1,310$1,710$1,720
FY 2026$900$1,000$1,300$1,670$1,760
FY 2025$870$950$1,240$1,570$1,800
FY 2024$840$840$1,100$1,400$1,660
FY 2023$700$710$930$1,210$1,450

Questions about Silver Creek, GA rents

How much will Section 8 pay for a two-bedroom in Silver Creek, GA?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,204, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,084 to $1,324 a month; under the ZIP-level Small Area FMR of $1,310 it would be $1,179 to $1,441. 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 Silver Creek, GA in?

Silver Creek, GA is in the Rome, GA MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,204.

How much did fair market rent change in Silver Creek, GA for FY 2027?

The two-bedroom FMR rose 0.8%, from $1,300 in FY 2026 to $1,310 in FY 2027. Since FY 2023 it has risen 40.9%.

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