Chatham County/Savannah/31410

31410

ZIPSAFMR

Chatham County, GA

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ZIP Investment Score

89Below average

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$1,810	$1,700	8.7%
1 BR	$1,880	$1,820	7.3%
2 BR	$2,050	$1,770	6.2%
3 BR	$2,670	$2,750	4.6%
4 BR	$3,030	$2,950	3.5%
5 BR	$3,484	Not available	3.5%
6 BR	$4,007	Not available	3.5%
7 BR	$4,608	Not available	3.5%
8 BR	$5,299	Not available	3.5%

Purchase Price Calculator

Maximum purchase price

$201,105

Cost breakdown

+Likely effective rent$1,770

HUD FMR$2,050

Market rentUsed$1,770

Est. payment standard (91%)$1,870

-Principal and interest-$1,017

Loan amount$160,884

Down payment$40,221

Rate6.50%

Term30 years

-Operating costs-$553

Property taxes-$201

Insurance-$175

Utilities$0

HOA$0

Management-$177

=Target cash flow+$200

Calculation mode

BedroomsCash-flow target

Down payment methodDown payment %

HOA / mo

Utilities methodUtilities amount

Management methodManagement % of rent

Hold period projections

Annual appreciation rate

3-year hold

+$28,427(70.7% ROI)

Projected value

$216,568

Return breakdown

Property appreciation+$15,463

Loan principal paid down+$5,764

Rental cash flow+$7,200

5-year hold

+$48,706(121.1% ROI)

Projected value

$227,532

Return breakdown

Property appreciation+$26,427

Loan principal paid down+$10,279

Rental cash flow+$12,000

10-year hold

+$104,819(260.6% ROI)

Projected value

$257,431

Return breakdown

Property appreciation+$56,326

Loan principal paid down+$24,493

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

1.06ratio

FMR$1,810

Market$1,700

vs market+$110

FMR is near market; voucher and private rents are aligned.

1.06

1 BR

1.03ratio

FMR$1,880

Market$1,820

vs market+$60

FMR is near market; voucher and private rents are aligned.

1.03

2 BR

1.16ratio

FMR$2,050

Market$1,770

vs market+$280

FMR is above market; underwrite to market rent.

1.16

3 BR

0.95ratio

FMR$2,670

Market$2,800

vs market-$130

FMR is near market; voucher and private rents are aligned.

0.95

4 BR

1.03ratio

FMR$3,030

Market$2,950

vs market+$80

FMR is near market; voucher and private rents are aligned.

1.03

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: --

ZIP 31410 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 31410 (Savannah, GA) is $2,050 a month. That is down 0.5% from $2,060 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, 31410 is tied for the highest two-bedroom rent (county range $1,520–$2,050). The median county two-bedroom FMR in Georgia is $1,058, so ZIP 31410 is 94% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 31410
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$1,780	$1,810	+1.7%	$1,629–$1,991
1BR	$1,880	$1,880	0.0%	$1,692–$2,068
2BR	$2,060	$2,050	−0.5%	$1,845–$2,255
3BR	$2,740	$2,670	−2.6%	$2,403–$2,937
4BR	$3,120	$3,030	−2.9%	$2,727–$3,333

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 31410
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$1,810	$1,880	$2,050	$2,670	$3,030
FY 2026	$1,780	$1,880	$2,060	$2,740	$3,120
FY 2025	$1,600	$1,730	$1,920	$2,580	$2,980
FY 2024	$1,410	$1,520	$1,710	$2,330	$2,730
FY 2023	$1,210	$1,310	$1,480	$2,020	$2,370

Two-bedroom rent in nearby Chatham County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 31410
31404	$1,530	−25.4%
31405	$1,620	−21.0%
31406	$1,650	−19.5%
31407	$2,050	0.0%
31408	$1,520	−25.9%
31409	$1,650	−19.5%
31410Current	$2,050	—
31411	$1,940	−5.4%
31412	$1,700	−17.1%
31414	$1,700	−17.1%
31415	$1,520	−25.9%
31416	$1,700	−17.1%

Questions about ZIP 31410 rents

How much will Section 8 pay for a two-bedroom in ZIP 31410?

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 $2,050 it would be $1,845 to $2,255. 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 31410 in?

ZIP 31410 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 31410 for FY 2027?

The two-bedroom FMR fell 0.5%, from $2,060 in FY 2026 to $2,050 in FY 2027. Since FY 2023 it has risen 38.5%.

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 rent Savannah, GA fair market rent GA statewide rents What is SAFMR?Data sources