Skip to main content
Loading page
Lowndes County/Valdosta/31605

31605

ZIPSAFMR
Lowndes County, GA
Zillow

ZIP Investment Score

98Above average

095130300
BRFMR
Eff. Rent
0 BR$1,120$1,130
1 BR$1,130$1,240
2 BR$1,470$1,220
3 BR$1,960$1,740
4 BR$2,400$2,350
5 BR$2,760Not available
6 BR$3,174Not available
7 BR$3,650Not available
8 BR$4,198Not available

Purchase Price Calculator

Maximum purchase price
$119,375

Cost breakdown

+Likely effective rent$1,220
HUD FMR$1,470
Market rentUsed$1,220
Est. payment standard (90%)$1,320
-Principal and interest-$604
Loan amount$95,500
Down payment$23,875
Rate6.50%
Term30 years
-Operating costs-$416
Property taxes-$119
Insurance-$175
Utilities$0
HOA$0
Management-$122
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$19,800(82.9% ROI)
Projected value
$128,554
Return breakdown
Property appreciation+$9,179
Loan principal paid down+$3,422
Rental cash flow+$7,200
5-year hold
+$33,788(141.5% ROI)
Projected value
$135,062
Return breakdown
Property appreciation+$15,687
Loan principal paid down+$6,102
Rental cash flow+$12,000
10-year hold
+$71,974(301.5% ROI)
Projected value
$152,810
Return breakdown
Property appreciation+$33,435
Loan principal paid down+$14,539
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

Studio
0.98
1 BR
0.87
2 BR
1.20
3 BR
1.13
4 BR
1.02
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 31605 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 31605 (Valdosta, GA) is $1,470 a month. That is down 0.7% from $1,480 in FY 2026. Valdosta is in the Valdosta, 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 $1,179. Among 13 ZIP codes in Lowndes County, 31605 has the highest two-bedroom rent (county range $1,080–$1,470). The median county two-bedroom FMR in Georgia is $1,058, so ZIP 31605 is 39% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 31605
BedroomsFY 2027Change90–110% range
Studio$1,120−1.8%$1,008–$1,232
1BR$1,130−0.9%$1,017–$1,243
2BR$1,470−0.7%$1,323–$1,617
3BR$1,960−0.5%$1,764–$2,156
4BR$2,400+0.8%$2,160–$2,640

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 31605
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,120$1,130$1,470$1,960$2,400
FY 2026$1,140$1,140$1,480$1,970$2,380
FY 2025$1,090$1,100$1,430$1,910$2,210
FY 2024$990$1,000$1,310$1,750$2,040
FY 2023$860$860$1,130$1,540$1,780

Two-bedroom rent in nearby Lowndes County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 31605
31601$1,120−23.8%
31602$1,300−11.6%
31603$1,210−17.7%
31604$1,210−17.7%
31605Current$1,470—
31606$1,080−26.5%
31632$1,250−15.0%
31635$1,080−26.5%
31636$1,080−26.5%
31641$1,170−20.4%
31645$1,210−17.7%
31698$1,230−16.3%

Questions about ZIP 31605 rents

How much will Section 8 pay for a two-bedroom in ZIP 31605?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,179, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,061 to $1,297 a month; under the ZIP-level Small Area FMR of $1,470 it would be $1,323 to $1,617. 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 31605 in?

ZIP 31605 is in the Valdosta, GA MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,179.

How much did fair market rent change in ZIP 31605 for FY 2027?

The two-bedroom FMR fell 0.7%, from $1,480 in FY 2026 to $1,470 in FY 2027. Since FY 2023 it has risen 30.1%.

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