FMR is near market; voucher and private rents are aligned.
1.07
2 BR
2 BR
1.10ratio
FMR$1,270
Market$1,150
vs market+$120
FMR is above market; underwrite to market rent.
1.10
3 BR
3 BR
0.97ratio
FMR$1,690
Market$1,750
vs market-$60
FMR is near market; voucher and private rents are aligned.
0.97
4 BR
4 BR
0.99ratio
FMR$2,130
Market$2,160
vs market-$30
FMR is near market; voucher and private rents are aligned.
0.99
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 31333 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 31333 (Walthourville, GA) is $1,270 a month. That is down 1.6% from $1,290 in FY 2026. Walthourville is in the Hinesville, 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 $1,396. Among 10 ZIP codes in Liberty County, 31333 is tied for the 9th-highest two-bedroom rent (county range $1,270–$1,760). The median county two-bedroom FMR in Georgia is $1,058, so ZIP 31333 is 20% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 31333
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,120
$1,110
−0.9%
$999–$1,221
1BR
$1,170
$1,160
−0.9%
$1,044–$1,276
2BR
$1,290
$1,270
−1.6%
$1,143–$1,397
3BR
$1,740
$1,690
−2.9%
$1,521–$1,859
4BR
$2,170
$2,130
−1.8%
$1,917–$2,343
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 31333
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,110
$1,160
$1,270
$1,690
$2,130
FY 2026
$1,120
$1,170
$1,290
$1,740
$2,170
FY 2025
$940
$970
$1,080
$1,520
$1,840
FY 2024
$1,040
$1,070
$1,200
$1,680
$2,040
FY 2023
$930
$950
$1,070
$1,520
$1,820
Two-bedroom rent in nearby Liberty County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 31333?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,396, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,256 to $1,536 a month; under the ZIP-level Small Area FMR of $1,270 it would be $1,143 to $1,397. 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 31333 in?
ZIP 31333 is in the Hinesville, GA HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,396.
How much did fair market rent change in ZIP 31333 for FY 2027?
The two-bedroom FMR fell 1.6%, from $1,290 in FY 2026 to $1,270 in FY 2027. Since FY 2023 it has risen 18.7%.
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