FMR is below market; voucher rent may lag private rents.
0.69
1 BR
1 BR
0.83ratio
FMR$830
Market$1,000
vs market-$170
FMR is below market; voucher rent may lag private rents.
0.83
2 BR
2 BR
0.82ratio
FMR$1,080
Market$1,320
vs market-$240
FMR is below market; voucher rent may lag private rents.
0.82
3 BR
3 BR
0.98ratio
FMR$1,430
Market$1,460
vs market-$30
FMR is near market; voucher and private rents are aligned.
0.98
4 BR
4 BR
0.98ratio
FMR$1,730
Market$1,770
vs market-$40
FMR is near market; voucher and private rents are aligned.
0.98
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 31635 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 31635 (Lakeland, GA) is $1,080 a month. That is up 2.9% from $1,050 in FY 2026. Lakeland is in the Berrien County, GA non-metropolitan FMR area. 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 county-wide two-bedroom FMR of $1,002. Among 8 ZIP codes in Berrien County, 31635 is tied for the 3rd-highest two-bedroom rent (county range $1,000–$1,210). The median county two-bedroom FMR in Georgia is $1,058, so ZIP 31635 is 2% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 31635
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$810
$830
+2.5%
$747–$913
1BR
$810
$830
+2.5%
$747–$913
2BR
$1,050
$1,080
+2.9%
$972–$1,188
3BR
$1,400
$1,430
+2.1%
$1,287–$1,573
4BR
$1,690
$1,730
+2.4%
$1,557–$1,903
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 31635
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$830
$830
$1,080
$1,430
$1,730
FY 2026
$810
$810
$1,050
$1,400
$1,690
FY 2025
$780
$790
$1,020
$1,360
$1,580
FY 2024
$710
$720
$940
$1,260
$1,460
FY 2023
$610
$610
$800
$1,090
$1,260
Two-bedroom rent in nearby Berrien County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 31635?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,002, which applies unless the housing authority uses Small Area FMRs, that basic range is $902 to $1,102 a month; under the ZIP-level Small Area FMR of $1,080 it would be $972 to $1,188. 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 31635 in?
ZIP 31635 is in the Berrien County, GA non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,002.
How much did fair market rent change in ZIP 31635 for FY 2027?
The two-bedroom FMR rose 2.9%, from $1,050 in FY 2026 to $1,080 in FY 2027. Since FY 2023 it has risen 35.0%.
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