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Glynn County/Brunswick/31523

31523

ZIPSAFMR
Glynn County, GA
Zillow

ZIP Investment Score

90Below average

095130300
BRFMR
Eff. Rent
0 BR$1,080$1,190
1 BR$1,210$1,290
2 BR$1,500$1,540
3 BR$1,790$1,900
4 BR$2,110$2,150
5 BR$2,427Not available
6 BR$2,790Not available
7 BR$3,209Not available
8 BR$3,690Not available

Purchase Price Calculator

Maximum purchase price
$166,927

Cost breakdown

+Likely effective rent$1,540
HUD FMR$1,500
Market rent$1,560
Est. payment standard (103%)Used$1,540
-Principal and interest-$844
Loan amount$133,542
Down payment$33,385
Rate6.50%
Term30 years
-Operating costs-$496
Property taxes-$167
Insurance-$175
Utilities$0
HOA$0
Management-$154
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$24,820(74.3% ROI)
Projected value
$179,762
Return breakdown
Property appreciation+$12,835
Loan principal paid down+$4,784
Rental cash flow+$7,200
5-year hold
+$42,468(127.2% ROI)
Projected value
$188,862
Return breakdown
Property appreciation+$21,936
Loan principal paid down+$8,532
Rental cash flow+$12,000
10-year hold
+$91,084(272.8% ROI)
Projected value
$213,681
Return breakdown
Property appreciation+$46,754
Loan principal paid down+$20,330
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.78
1 BR
0.90
2 BR
0.96
3 BR
0.91
4 BR
0.97
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 31523 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 31523 (Brunswick, GA) is $1,500 a month. That is up 3.4% from $1,450 in FY 2026. Brunswick 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 10 ZIP codes in Glynn County, 31523 has the 5th-highest two-bedroom rent (county range $1,170–$2,070). The median county two-bedroom FMR in Georgia is $1,058, so ZIP 31523 is 42% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 31523
BedroomsFY 2027Change90–110% range
Studio$1,080−6.9%$972–$1,188
1BR$1,210−2.4%$1,089–$1,331
2BR$1,500+3.4%$1,350–$1,650
3BR$1,790+2.9%$1,611–$1,969
4BR$2,110−1.4%$1,899–$2,321

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 31523
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,080$1,210$1,500$1,790$2,110
FY 2026$1,160$1,240$1,450$1,740$2,140
FY 2025$1,120$1,220$1,430$1,780$2,200
FY 2024$1,070$1,080$1,270$1,640$2,030
FY 2023$860$870$1,060$1,430$1,730

Two-bedroom rent in nearby Glynn County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 31523
31520$1,270−15.3%
31521$1,450−3.3%
31522$2,070+38.0%
31523Current$1,500—
31524$1,450−3.3%
31525$1,570+4.7%
31527$1,970+31.3%
31543$1,170−22.0%
31561$2,070+38.0%
31566$1,170−22.0%

Questions about ZIP 31523 rents

How much will Section 8 pay for a two-bedroom in ZIP 31523?

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 $1,500 it would be $1,350 to $1,650. 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 31523 in?

ZIP 31523 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 31523 for FY 2027?

The two-bedroom FMR rose 3.4%, from $1,450 in FY 2026 to $1,500 in FY 2027. Since FY 2023 it has risen 41.5%.

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 rentBrunswick, GA fair market rentGA statewide rentsWhat is SAFMR?Data sources