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Houston County/Bonaire/31005

31005

ZIPSAFMR
Houston County, GA
Zillow

ZIP Investment Score

95Below average

095130300
BRFMR
Eff. Rent
0 BR$1,280$1,210
1 BR$1,420$1,110
2 BR$1,590$1,430
3 BR$2,120$1,760
4 BR$2,550$2,210
5 BR$2,933Not available
6 BR$3,372Not available
7 BR$3,878Not available
8 BR$4,460Not available

Purchase Price Calculator

Maximum purchase price
$150,581

Cost breakdown

+Likely effective rent$1,430
HUD FMR$1,590
Market rentUsed$1,430
Est. payment standard (93%)$1,490
-Principal and interest-$761
Loan amount$120,465
Down payment$30,116
Rate6.50%
Term30 years
-Operating costs-$469
Property taxes-$151
Insurance-$175
Utilities$0
HOA$0
Management-$143
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$23,094(76.7% ROI)
Projected value
$162,159
Return breakdown
Property appreciation+$11,578
Loan principal paid down+$4,316
Rental cash flow+$7,200
5-year hold
+$39,484(131.1% ROI)
Projected value
$170,368
Return breakdown
Property appreciation+$19,788
Loan principal paid down+$7,697
Rental cash flow+$12,000
10-year hold
+$84,515(280.6% ROI)
Projected value
$192,756
Return breakdown
Property appreciation+$42,175
Loan principal paid down+$18,339
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.06
1 BR
1.28
2 BR
1.11
3 BR
1.20
4 BR
1.15
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 31005 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 31005 (Bonaire, GA) is $1,590 a month. That is unchanged from FY 2026. Bonaire is in the Warner Robins, 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 $1,396. Among 14 ZIP codes in Houston County, 31005 has the 3rd-highest two-bedroom rent (county range $1,230–$1,860). The median county two-bedroom FMR in Georgia is $1,058, so ZIP 31005 is 50% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 31005
BedroomsFY 2027Change90–110% range
Studio$1,280−0.8%$1,152–$1,408
1BR$1,420−0.7%$1,278–$1,562
2BR$1,5900.0%$1,431–$1,749
3BR$2,120−0.5%$1,908–$2,332
4BR$2,550+1.6%$2,295–$2,805

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 31005
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,280$1,420$1,590$2,120$2,550
FY 2026$1,290$1,430$1,590$2,130$2,510
FY 2025$1,290$1,440$1,590$2,130$2,490
FY 2024$1,220$1,350$1,520$2,050$2,380
FY 2023$1,080$1,190$1,340$1,820$2,150

Two-bedroom rent in nearby Houston County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 31005
31005Current$1,590—
31008$1,380−13.2%
31013$1,400−11.9%
31025$1,230−22.6%
31028$1,450−8.8%
31030$1,230−22.6%
31036$1,230−22.6%
31047$1,860+17.0%
31069$1,230−22.6%
31088$1,490−6.3%
31091$1,230−22.6%
31093$1,230−22.6%

Questions about ZIP 31005 rents

How much will Section 8 pay for a two-bedroom in ZIP 31005?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,396, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,256 to $1,536 a month; under the ZIP-level Small Area FMR of $1,590 it would be $1,431 to $1,749. 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 31005 in?

ZIP 31005 is in the Warner Robins, GA HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,396.

How much did fair market rent change in ZIP 31005 for FY 2027?

The two-bedroom FMR was unchanged at $1,590 in FY 2027. Since FY 2023 it has risen 18.7%.

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

County fair market rentBonaire, GA fair market rentGA statewide rentsWhat is SAFMR?Data sources