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 31327 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 31327 (Sapelo Island, GA) is $1,170 a month. That is up 2.6% from $1,140 in FY 2026. Sapelo Island is in the Brunswick-St. Simons, 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 $1,378. Among 4 ZIP codes in McIntosh County, 31327 is tied for the 3rd-highest two-bedroom rent (county range $1,170–$1,310). The median county two-bedroom FMR in Georgia is $1,058, so ZIP 31327 is 11% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 31327
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$920
$940
+2.2%
$846–$1,034
1BR
$970
$1,000
+3.1%
$900–$1,100
2BR
$1,140
$1,170
+2.6%
$1,053–$1,287
3BR
$1,420
$1,400
−1.4%
$1,260–$1,540
4BR
$1,750
$1,720
−1.7%
$1,548–$1,892
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 31327
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$940
$1,000
$1,170
$1,400
$1,720
FY 2026
$920
$970
$1,140
$1,420
$1,750
FY 2025
$1,020
$1,020
$1,210
$1,550
$1,930
FY 2024
$1,130
$1,130
$1,340
$1,720
$2,140
FY 2023
$920
$930
$1,140
$1,540
$1,860
Two-bedroom rent in nearby McIntosh County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 31327?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,378, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,240 to $1,516 a month; under the ZIP-level Small Area FMR of $1,170 it would be $1,053 to $1,287. 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 31327 in?
ZIP 31327 is in the Brunswick-St. Simons, GA MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,378.
How much did fair market rent change in ZIP 31327 for FY 2027?
The two-bedroom FMR rose 2.6%, from $1,140 in FY 2026 to $1,170 in FY 2027. Since FY 2023 it has risen 2.6%.
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