For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 31421 (Savannah, GA) is $2,010 a month. That is up 1.0% from $1,990 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, 31421 is tied for the 3rd-highest two-bedroom rent (county range $1,520–$2,050). The median county two-bedroom FMR in Georgia is $1,058, so ZIP 31421 is 90% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 31421
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,720
$1,770
+2.9%
$1,593–$1,947
1BR
$1,820
$1,850
+1.6%
$1,665–$2,035
2BR
$1,990
$2,010
+1.0%
$1,809–$2,211
3BR
$2,650
$2,620
−1.1%
$2,358–$2,882
4BR
$3,020
$2,970
−1.7%
$2,673–$3,267
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 31421
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,770
$1,850
$2,010
$2,620
$2,970
FY 2026
$1,720
$1,820
$1,990
$2,650
$3,020
FY 2025
$1,340
$1,450
$1,600
$2,150
$2,480
FY 2024
$1,190
$1,290
$1,450
$1,970
$2,310
FY 2023
$1,030
$1,120
$1,260
$1,720
$2,010
Two-bedroom rent in nearby Chatham County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 31421?
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 $2,010 it would be $1,809 to $2,211. 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 31421 in?
ZIP 31421 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 31421 for FY 2027?
The two-bedroom FMR rose 1.0%, from $1,990 in FY 2026 to $2,010 in FY 2027. Since FY 2023 it has risen 59.5%.
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