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Dougherty County/Albany/31701

31701

ZIPSAFMR
Dougherty County, GA
Zillow

ZIP Investment Score

129Above average

095130300
BRFMR
Eff. Rent
0 BR$910$620
1 BR$930$640
2 BR$1,050$890
3 BR$1,410$1,170
4 BR$1,740$1,270
5 BR$2,001Not available
6 BR$2,301Not available
7 BR$2,646Not available
8 BR$3,043Not available

Purchase Price Calculator

Maximum purchase price
$70,337

Cost breakdown

+Likely effective rent$890
HUD FMR$1,050
Market rentUsed$890
Est. payment standard (90%)$950
-Principal and interest-$356
Loan amount$56,270
Down payment$14,067
Rate6.50%
Term30 years
-Operating costs-$334
Property taxes-$70
Insurance-$175
Utilities$0
HOA$0
Management-$89
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$14,624(104.0% ROI)
Projected value
$75,745
Return breakdown
Property appreciation+$5,408
Loan principal paid down+$2,016
Rental cash flow+$7,200
5-year hold
+$24,838(176.6% ROI)
Projected value
$79,580
Return breakdown
Property appreciation+$9,243
Loan principal paid down+$3,595
Rental cash flow+$12,000
10-year hold
+$52,267(371.5% ROI)
Projected value
$90,037
Return breakdown
Property appreciation+$19,700
Loan principal paid down+$8,566
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.47
1 BR
1.45
2 BR
1.18
3 BR
1.21
4 BR
1.37
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 31701 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 31701 (Albany, GA) is $1,050 a month. That is down 4.5% from $1,100 in FY 2026. Albany is in the Albany, 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 $1,103. Among 13 ZIP codes in Dougherty County, 31701 has the 9th-highest two-bedroom rent (county range $1,020–$1,350).

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 31701
BedroomsFY 2027Change90–110% range
Studio$910−3.2%$819–$1,001
1BR$930−5.1%$837–$1,023
2BR$1,050−4.5%$945–$1,155
3BR$1,410−5.4%$1,269–$1,551
4BR$1,740−3.9%$1,566–$1,914

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 31701
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$910$930$1,050$1,410$1,740
FY 2026$940$980$1,100$1,490$1,810
FY 2025$860$880$1,000$1,350$1,630
FY 2024$800$800$930$1,240$1,510
FY 2023$680$690$810$1,060$1,290

Two-bedroom rent in nearby Dougherty County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 31701
31701Current$1,050—
31702$1,080+2.9%
31703$1,080+2.9%
31704$1,020−2.9%
31705$1,020−2.9%
31706$1,080+2.9%
31707$1,260+20.0%
31708$1,080+2.9%
31721$1,340+27.6%
31763$1,350+28.6%
31782$1,080+2.9%
31791$1,020−2.9%

Questions about ZIP 31701 rents

How much will Section 8 pay for a two-bedroom in ZIP 31701?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,103, which applies unless the housing authority uses Small Area FMRs, that basic range is $993 to $1,213 a month; under the ZIP-level Small Area FMR of $1,050 it would be $945 to $1,155. 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 31701 in?

ZIP 31701 is in the Albany, GA MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,103.

How much did fair market rent change in ZIP 31701 for FY 2027?

The two-bedroom FMR fell 4.5%, from $1,100 in FY 2026 to $1,050 in FY 2027. Since FY 2023 it has risen 29.6%.

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