FMR is below market; voucher rent may lag private rents.
0.90
1 BR
1 BR
0.95ratio
FMR$880
Market$930
vs market-$50
FMR is near market; voucher and private rents are aligned.
0.95
2 BR
2 BR
1.02ratio
FMR$1,110
Market$1,090
vs market+$20
FMR is near market; voucher and private rents are aligned.
1.02
3 BR
3 BR
0.90ratio
FMR$1,330
Market$1,470
vs market-$140
FMR is near market; voucher and private rents are aligned.
0.90
4 BR
4 BR
0.85ratio
FMR$1,460
Market$1,720
vs market-$260
FMR is below market; voucher rent may lag private rents.
0.85
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 31062 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 31062 (Milledgeville, GA) is $1,110 a month. That is up 2.8% from $1,080 in FY 2026. Milledgeville is in the Baldwin 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 $1,104. Among 8 ZIP codes in Baldwin County, 31062 is tied for the 4th-highest two-bedroom rent (county range $1,000–$1,250). The median county two-bedroom FMR in Georgia is $1,058, so ZIP 31062 is 5% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 31062
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$790
$800
+1.3%
$720–$880
1BR
$900
$880
−2.2%
$792–$968
2BR
$1,080
$1,110
+2.8%
$999–$1,221
3BR
$1,300
$1,330
+2.3%
$1,197–$1,463
4BR
$1,490
$1,460
−2.0%
$1,314–$1,606
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 31062
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$800
$880
$1,110
$1,330
$1,460
FY 2026
$790
$900
$1,080
$1,300
$1,490
FY 2025
$730
$840
$960
$1,160
$1,500
FY 2024area FMR
$762
$838
$941
$1,138
$1,566
FY 2023area FMR
$658
$719
$812
$997
$1,315
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
Two-bedroom rent in nearby Baldwin County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 31062?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,104, which applies unless the housing authority uses Small Area FMRs, that basic range is $994 to $1,214 a month; under the ZIP-level Small Area FMR of $1,110 it would be $999 to $1,221. 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 31062 in?
ZIP 31062 is in the Baldwin County, GA non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,104.
How much did fair market rent change in ZIP 31062 for FY 2027?
The two-bedroom FMR rose 2.8%, from $1,080 in FY 2026 to $1,110 in FY 2027. Since FY 2025 it has risen 15.6%.
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