FMR is near market; voucher and private rents are aligned.
1.09
1 BR
1 BR
1.27ratio
FMR$1,180
Market$930
vs market+$250
FMR is above market; underwrite to market rent.
1.27
2 BR
2 BR
1.40ratio
FMR$1,330
Market$950
vs market+$380
FMR is above market; underwrite to market rent.
1.40
3 BR
3 BR
1.21ratio
FMR$1,580
Market$1,310
vs market+$270
FMR is above market; underwrite to market rent.
1.21
4 BR
4 BR
1.19ratio
FMR$1,750
Market$1,470
vs market+$280
FMR is above market; underwrite to market rent.
1.19
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
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ZIP 31208 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 31208 (Macon, GA) is $1,330 a month. That is unchanged from FY 2026. Macon is in the Macon-Bibb 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 $1,309. Among 19 ZIP codes in Bibb County, 31208 is tied for the 4th-highest two-bedroom rent (county range $1,180–$1,740). The median county two-bedroom FMR in Georgia is $1,058, so ZIP 31208 is 26% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 31208
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,100
$1,130
+2.7%
$1,017–$1,243
1BR
$1,180
$1,180
0.0%
$1,062–$1,298
2BR
$1,330
$1,330
0.0%
$1,197–$1,463
3BR
$1,590
$1,580
−0.6%
$1,422–$1,738
4BR
$1,760
$1,750
−0.6%
$1,575–$1,925
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 31208
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,130
$1,180
$1,330
$1,580
$1,750
FY 2026
$1,100
$1,180
$1,330
$1,590
$1,760
FY 2025
$1,030
$1,100
$1,270
$1,530
$1,680
FY 2024
$900
$1,010
$1,160
$1,420
$1,540
FY 2023area FMR
$719
$838
$969
$1,207
$1,302
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
How much will Section 8 pay for a two-bedroom in ZIP 31208?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,309, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,178 to $1,440 a month; under the ZIP-level Small Area FMR of $1,330 it would be $1,197 to $1,463. 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 31208 in?
ZIP 31208 is in the Macon-Bibb County, GA HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,309.
How much did fair market rent change in ZIP 31208 for FY 2027?
The two-bedroom FMR was unchanged at $1,330 in FY 2027. Since FY 2024 it has risen 14.7%.
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