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Bryan County/Richmond Hill/31324

31324

ZIPSAFMR
Bryan County, GA
Zillow

ZIP Investment Score

85Below average

095130300
BRFMR
Eff. Rent
0 BR$1,850$1,610
1 BR$1,930$1,480
2 BR$2,100$1,660
3 BR$2,730$2,060
4 BR$3,110$2,480
5 BR$3,576Not available
6 BR$4,113Not available
7 BR$4,730Not available
8 BR$5,439Not available

Purchase Price Calculator

Maximum purchase price
$184,759

Cost breakdown

+Likely effective rent$1,660
HUD FMR$2,100
Market rentUsed$1,660
Est. payment standard (90%)$1,890
-Principal and interest-$934
Loan amount$147,807
Down payment$36,952
Rate6.50%
Term30 years
-Operating costs-$526
Property taxes-$185
Insurance-$175
Utilities$0
HOA$0
Management-$166
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$26,702(72.3% ROI)
Projected value
$198,965
Return breakdown
Property appreciation+$14,206
Loan principal paid down+$5,296
Rental cash flow+$7,200
5-year hold
+$45,722(123.7% ROI)
Projected value
$209,038
Return breakdown
Property appreciation+$24,279
Loan principal paid down+$9,443
Rental cash flow+$12,000
10-year hold
+$98,250(265.9% ROI)
Projected value
$236,507
Return breakdown
Property appreciation+$51,748
Loan principal paid down+$22,502
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.15
1 BR
1.30
2 BR
1.27
3 BR
1.33
4 BR
1.25
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 31324 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 31324 (Richmond Hill, GA) is $2,100 a month. That is down 3.7% from $2,180 in FY 2026. Richmond Hill is in the Savannah, GA MSA. 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 $1,679. Among 4 ZIP codes in Bryan County, 31324 has the highest two-bedroom rent (county range $1,520–$2,100). The median county two-bedroom FMR in Georgia is $1,058, so ZIP 31324 is 98% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 31324
BedroomsFY 2027Change90–110% range
Studio$1,850−2.1%$1,665–$2,035
1BR$1,930−3.0%$1,737–$2,123
2BR$2,100−3.7%$1,890–$2,310
3BR$2,730−5.9%$2,457–$3,003
4BR$3,110−5.8%$2,799–$3,421

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 31324
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,850$1,930$2,100$2,730$3,110
FY 2026$1,890$1,990$2,180$2,900$3,300
FY 2025$1,780$1,920$2,130$2,870$3,310
FY 2024$1,660$1,800$2,020$2,750$3,220
FY 2023$1,410$1,520$1,720$2,350$2,750

Two-bedroom rent in nearby Bryan County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 31324
31302$1,520−27.6%
31308$1,520−27.6%
31321$1,520−27.6%
31324Current$2,100—

Questions about ZIP 31324 rents

How much will Section 8 pay for a two-bedroom in ZIP 31324?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,679, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,511 to $1,847 a month; under the ZIP-level Small Area FMR of $2,100 it would be $1,890 to $2,310. 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 31324 in?

ZIP 31324 is in the Savannah, GA MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,679.

How much did fair market rent change in ZIP 31324 for FY 2027?

The two-bedroom FMR fell 3.7%, from $2,180 in FY 2026 to $2,100 in FY 2027. Since FY 2023 it has risen 22.1%.

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