FMR is below market; voucher rent may lag private rents.
0.84
1 BR
1 BR
0.95ratio
FMR$1,060
Market$1,120
vs market-$60
FMR is near market; voucher and private rents are aligned.
0.95
2 BR
2 BR
0.91ratio
FMR$1,150
Market$1,260
vs market-$110
FMR is near market; voucher and private rents are aligned.
0.91
3 BR
3 BR
0.82ratio
FMR$1,370
Market$1,670
vs market-$300
FMR is below market; voucher rent may lag private rents.
0.82
4 BR
4 BR
0.77ratio
FMR$1,510
Market$1,950
vs market-$440
FMR is below market; voucher rent may lag private rents.
0.77
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
--
ZIP 31004 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 31004 (Bolingbroke, GA) is $1,150 a month. That is down 1.7% from $1,170 in FY 2026. Bolingbroke is in the Monroe County, GA HUD Metro FMR Area. 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 $1,151. Among 10 ZIP codes in Monroe County, 31004 is tied for the 6th-highest two-bedroom rent (county range $1,030–$1,740). The median county two-bedroom FMR in Georgia is $1,058, so ZIP 31004 is 9% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 31004
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$980
$980
0.0%
$882–$1,078
1BR
$1,040
$1,060
+1.9%
$954–$1,166
2BR
$1,170
$1,150
−1.7%
$1,035–$1,265
3BR
$1,400
$1,370
−2.1%
$1,233–$1,507
4BR
$1,670
$1,510
−9.6%
$1,359–$1,661
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 31004
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$980
$1,060
$1,150
$1,370
$1,510
FY 2026
$980
$1,040
$1,170
$1,400
$1,670
FY 2025
$900
$960
$1,100
$1,330
$1,850
FY 2024
$800
$880
$1,010
$1,220
$1,710
FY 2023
$650
$760
$860
$1,050
$1,460
Two-bedroom rent in nearby Monroe County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 31004?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,151, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,036 to $1,266 a month; under the ZIP-level Small Area FMR of $1,150 it would be $1,035 to $1,265. 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 31004 in?
ZIP 31004 is in the Monroe County, GA HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,151.
How much did fair market rent change in ZIP 31004 for FY 2027?
The two-bedroom FMR fell 1.7%, from $1,170 in FY 2026 to $1,150 in FY 2027. Since FY 2023 it has risen 33.7%.
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