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GA/Effingham County/Springfield

Springfield, GA

CitySAFMR
Effingham County
Found 1 ZIP

City Median Investment Score

108Above average

095130300
BRFMR
Eff. Rent
0 BR$1,310$1,430
1 BR$1,380$1,440
2 BR$1,520$1,580
3 BR$2,020$1,920
4 BR$2,300$2,100
5 BR$2,645Not available
6 BR$3,042Not available
7 BR$3,498Not available
8 BR$4,023Not available

Purchase Price Calculator

Maximum purchase price
$172,871

Cost breakdown

+Likely effective rent$1,580
HUD FMR$1,520
Market rent$1,610
Est. payment standard (104%)Used$1,580
-Principal and interest-$874
Loan amount$138,297
Down payment$34,574
Rate6.50%
Term30 years
-Operating costs-$506
Property taxes-$173
Insurance-$175
Utilities$0
HOA$0
Management-$158
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$25,447(73.6% ROI)
Projected value
$186,163
Return breakdown
Property appreciation+$13,292
Loan principal paid down+$4,955
Rental cash flow+$7,200
5-year hold
+$43,552(126.0% ROI)
Projected value
$195,588
Return breakdown
Property appreciation+$22,717
Loan principal paid down+$8,836
Rental cash flow+$12,000
10-year hold
+$93,473(270.4% ROI)
Projected value
$221,289
Return breakdown
Property appreciation+$48,418
Loan principal paid down+$21,054
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.88
1 BR
0.94
2 BR
0.94
3 BR
1.05
4 BR
1.10
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

Springfield, GA fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Springfield, GA is $1,520 a month. That is up 4.1% from $1,460 in FY 2026. Springfield is in the Savannah, 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 $1,679. The median county two-bedroom FMR in Georgia is $1,058, so Springfield is 44% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Springfield, GA
BedroomsFY 2027Change90–110% range
Studio$1,310+4.0%$1,179–$1,441
1BR$1,380+3.8%$1,242–$1,518
2BR$1,520+4.1%$1,368–$1,672
3BR$2,020+4.1%$1,818–$2,222
4BR$2,300+3.6%$2,070–$2,530

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Springfield, GA
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,310$1,380$1,520$2,020$2,300
FY 2026$1,260$1,330$1,460$1,940$2,220
FY 2025$1,190$1,280$1,420$1,910$2,200
FY 2024$1,050$1,130$1,270$1,730$2,030
FY 2023$870$940$1,060$1,450$1,690

Questions about Springfield, GA rents

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

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,679, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,511 to $1,847 a month; under the ZIP-level Small Area FMR of $1,520 it would be $1,368 to $1,672. 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 Springfield, GA in?

Springfield, GA is in the Savannah, GA MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,679.

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

The two-bedroom FMR rose 4.1%, from $1,460 in FY 2026 to $1,520 in FY 2027. Since FY 2023 it has risen 43.4%.

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