FMR is near market; voucher and private rents are aligned.
0.97
3 BR
3 BR
0.97ratio
FMR$2,140
Market$2,210
vs market-$70
FMR is near market; voucher and private rents are aligned.
0.97
4 BR
4 BR
1.05ratio
FMR$2,440
Market$2,330
vs market+$110
FMR is near market; voucher and private rents are aligned.
1.05
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 31409 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 31409 (Savannah, GA) is $1,650 a month. That is down 1.8% from $1,680 in FY 2026. Savannah 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 23 ZIP codes in Chatham County, 31409 is tied for the 17th-highest two-bedroom rent (county range $1,520–$2,050). The median county two-bedroom FMR in Georgia is $1,058, so ZIP 31409 is 56% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 31409
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,450
$1,450
0.0%
$1,305–$1,595
1BR
$1,530
$1,520
−0.7%
$1,368–$1,672
2BR
$1,680
$1,650
−1.8%
$1,485–$1,815
3BR
$2,220
$2,140
−3.6%
$1,926–$2,354
4BR
$2,540
$2,440
−3.9%
$2,196–$2,684
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 31409
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,450
$1,520
$1,650
$2,140
$2,440
FY 2026
$1,450
$1,530
$1,680
$2,220
$2,540
FY 2025
$1,280
$1,380
$1,530
$2,060
$2,380
FY 2024
$1,180
$1,270
$1,420
$1,940
$2,270
FY 2023
$1,020
$1,110
$1,250
$1,700
$1,990
Two-bedroom rent in nearby Chatham County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 31409?
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 $1,650 it would be $1,485 to $1,815. 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 31409 in?
ZIP 31409 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 31409 for FY 2027?
The two-bedroom FMR fell 1.8%, from $1,680 in FY 2026 to $1,650 in FY 2027. Since FY 2023 it has risen 32.0%.
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