FMR is near market; voucher and private rents are aligned.
1.00
3 BR
3 BR
1.14ratio
FMR$2,260
Market$1,990
vs market+$270
FMR is above market; underwrite to market rent.
1.14
4 BR
4 BR
1.14ratio
FMR$2,690
Market$2,350
vs market+$340
FMR is above market; underwrite to market rent.
1.14
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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ZIP 30048 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 30048 (Lilburn, GA) is $1,900 a month. That is down 3.6% from $1,970 in FY 2026. Lilburn is in the Atlanta-Sandy Springs-Roswell, GA HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. Among 38 ZIP codes in Gwinnett County, 30048 is tied for the 17th-highest two-bedroom rent (county range $1,290–$2,580). The median county two-bedroom FMR in Georgia is $1,058, so ZIP 30048 is 80% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 30048
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,720
$1,680
−2.3%
$1,512–$1,848
1BR
$1,800
$1,750
−2.8%
$1,575–$1,925
2BR
$1,970
$1,900
−3.6%
$1,710–$2,090
3BR
$2,360
$2,260
−4.2%
$2,034–$2,486
4BR
$2,820
$2,690
−4.6%
$2,421–$2,959
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 30048
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,680
$1,750
$1,900
$2,260
$2,690
FY 2026
$1,720
$1,800
$1,970
$2,360
$2,820
FY 2025
$1,730
$1,800
$1,990
$2,400
$2,890
FY 2024
$1,740
$1,790
$2,010
$2,430
$2,950
FY 2023
$1,460
$1,500
$1,690
$2,060
$2,510
Two-bedroom rent in nearby Gwinnett County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 30048?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,900, that basic range is $1,710 to $2,090 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 ZIP 30048 in?
ZIP 30048 is in the Atlanta-Sandy Springs-Roswell, 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 ZIP 30048 for FY 2027?
The two-bedroom FMR fell 3.6%, from $1,970 in FY 2026 to $1,900 in FY 2027. Since FY 2023 it has risen 12.4%.
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