Not enough rental comps in this area to determine how FMR aligns with current market rates.
Historical
FY 2023-2027
FMR
FY2027
Property value
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Tax rate
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Mortgage rate
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ZIP 31086 fair market rent, FY 2027
For FY 2027, HUD's Fair Market Rent for a two-bedroom unit in ZIP 31086 (Smarr, GA) is $1,151 a month. That is down 2.0% from $1,174 in FY 2026. Smarr is in the Monroe County, GA HUD Metro FMR Area. The median county two-bedroom FMR in Georgia is $1,058, so ZIP 31086 is 9% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 31086
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$984
$986
+0.2%
$887–$1,085
1BR
$1,048
$1,057
+0.9%
$951–$1,163
2BR
$1,174
$1,151
−2.0%
$1,036–$1,266
3BR
$1,408
$1,371
−2.6%
$1,234–$1,508
4BR
$1,662
$1,513
−9.0%
$1,362–$1,664
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 31086
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$986
$1,057
$1,151
$1,371
$1,513
FY 2026
$984
$1,048
$1,174
$1,408
$1,662
FY 2025
$897
$955
$1,099
$1,324
$1,846
FY 2024
$797
$883
$1,009
$1,220
$1,712
FY 2023
$649
$761
$859
$1,045
$1,463
Questions about ZIP 31086 rents
How much will Section 8 pay for a two-bedroom in ZIP 31086?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,151, that basic range is $1,036 to $1,266 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 31086 in?
ZIP 31086 is in the Monroe County, GA HUD Metro FMR Area. Small Area FMRs are not mandatory in this area.
How much did fair market rent change in ZIP 31086 for FY 2027?
The two-bedroom FMR fell 2.0%, from $1,174 in FY 2026 to $1,151 in FY 2027. Since FY 2023 it has risen 34.0%.
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 Fair Market Rents. 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