FMR is near market; voucher and private rents are aligned.
1.05
1 BR
1 BR
1.12ratio
FMR$1,050
Market$940
vs market+$110
FMR is above market; underwrite to market rent.
1.12
2 BR
2 BR
1.04ratio
FMR$1,180
Market$1,140
vs market+$40
FMR is near market; voucher and private rents are aligned.
1.04
3 BR
3 BR
0.92ratio
FMR$1,420
Market$1,540
vs market-$120
FMR is near market; voucher and private rents are aligned.
0.92
4 BR
4 BR
0.76ratio
FMR$1,560
Market$2,060
vs market-$500
FMR is below market; voucher rent may lag private rents.
0.76
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 31061 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 31061 (Milledgeville, GA) is $1,180 a month. That is up 4.4% from $1,130 in FY 2026. Milledgeville is in the Hancock County, GA non-metropolitan 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 county-wide two-bedroom FMR of $1,002. Among 6 ZIP codes in Hancock County, 31061 has the highest two-bedroom rent (county range $1,000–$1,180). The median county two-bedroom FMR in Georgia is $1,058, so ZIP 31061 is 12% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 31061
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$920
$980
+6.5%
$882–$1,078
1BR
$980
$1,050
+7.1%
$945–$1,155
2BR
$1,130
$1,180
+4.4%
$1,062–$1,298
3BR
$1,360
$1,420
+4.4%
$1,278–$1,562
4BR
$1,580
$1,560
−1.3%
$1,404–$1,716
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 31061
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$980
$1,050
$1,180
$1,420
$1,560
FY 2026
$920
$980
$1,130
$1,360
$1,580
FY 2025
$810
$900
$1,040
$1,260
$1,570
FY 2024
$760
$850
$980
$1,200
$1,310
FY 2023
$630
$730
$850
$1,060
$1,140
Two-bedroom rent in nearby Hancock County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 31061?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,002, which applies unless the housing authority uses Small Area FMRs, that basic range is $902 to $1,102 a month; under the ZIP-level Small Area FMR of $1,180 it would be $1,062 to $1,298. 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 31061 in?
ZIP 31061 is in the Hancock County, GA non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,002.
How much did fair market rent change in ZIP 31061 for FY 2027?
The two-bedroom FMR rose 4.4%, from $1,130 in FY 2026 to $1,180 in FY 2027. Since FY 2023 it has risen 38.8%.
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