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Monroe County/Macon/31220

31220

ZIPSAFMR
Monroe County, GA
Zillow

ZIP Investment Score

133High yield potential

095130300
BRFMR
Eff. Rent
0 BR$1,390$1,330
1 BR$1,460$1,210
2 BR$1,640$1,450
3 BR$1,950$1,620
4 BR$2,150$2,200
5 BR$2,473Not available
6 BR$2,843Not available
7 BR$3,270Not available
8 BR$3,760Not available

Purchase Price Calculator

Maximum purchase price
$153,553

Cost breakdown

+Likely effective rent$1,450
HUD FMR$1,640
Market rentUsed$1,450
Est. payment standard (92%)$1,520
-Principal and interest-$776
Loan amount$122,842
Down payment$30,711
Rate6.50%
Term30 years
-Operating costs-$474
Property taxes-$154
Insurance-$175
Utilities$0
HOA$0
Management-$145
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$23,408(76.2% ROI)
Projected value
$165,360
Return breakdown
Property appreciation+$11,807
Loan principal paid down+$4,401
Rental cash flow+$7,200
5-year hold
+$40,027(130.3% ROI)
Projected value
$173,731
Return breakdown
Property appreciation+$20,178
Loan principal paid down+$7,848
Rental cash flow+$12,000
10-year hold
+$85,709(279.1% ROI)
Projected value
$196,561
Return breakdown
Property appreciation+$43,008
Loan principal paid down+$18,701
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.05
1 BR
1.21
2 BR
1.13
3 BR
1.20
4 BR
0.96
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 31220 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 31220 (Macon, GA) is $1,640 a month. That is down 0.6% from $1,650 in FY 2026. Macon is in the Monroe 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 $1,151. Among 10 ZIP codes in Monroe County, 31220 has the 2nd-highest two-bedroom rent (county range $1,030–$1,740). The median county two-bedroom FMR in Georgia is $1,058, so ZIP 31220 is 55% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 31220
BedroomsFY 2027Change90–110% range
Studio$1,390+1.5%$1,251–$1,529
1BR$1,4600.0%$1,314–$1,606
2BR$1,640−0.6%$1,476–$1,804
3BR$1,950−1.5%$1,755–$2,145
4BR$2,150−1.8%$1,935–$2,365

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 31220
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,390$1,460$1,640$1,950$2,150
FY 2026$1,370$1,460$1,650$1,980$2,190
FY 2025$1,290$1,370$1,590$1,910$2,160
FY 2024$1,110$1,240$1,420$1,730$1,940
FY 2023$860$1,000$1,160$1,440$1,600

Two-bedroom rent in nearby Monroe County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 31220
30204$1,060−35.4%
30233$1,030−37.2%
31004$1,150−29.9%
31016$1,180−28.0%
31029$1,150−29.9%
31046$1,230−25.0%
31066$1,180−28.0%
31097$1,060−35.4%
31210$1,740+6.1%
31220Current$1,640—

Questions about ZIP 31220 rents

How much will Section 8 pay for a two-bedroom in ZIP 31220?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,151, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,036 to $1,266 a month; under the ZIP-level Small Area FMR of $1,640 it would be $1,476 to $1,804. 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 31220 in?

ZIP 31220 is in the Monroe County, GA HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,151.

How much did fair market rent change in ZIP 31220 for FY 2027?

The two-bedroom FMR fell 0.6%, from $1,650 in FY 2026 to $1,640 in FY 2027. Since FY 2023 it has risen 41.4%.

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