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Dougherty County/Albany/31705

31705

ZIPSAFMR
Dougherty County, GA
Zillow

ZIP Investment Score

128Above average

095130300
BRFMR
Eff. Rent
0 BR$870$560
1 BR$910$630
2 BR$1,020$730
3 BR$1,390$1,040
4 BR$1,680$1,100
5 BR$1,932Not available
6 BR$2,222Not available
7 BR$2,555Not available
8 BR$2,938Not available

Purchase Price Calculator

Maximum purchase price
$46,561

Cost breakdown

+Likely effective rent$730
HUD FMR$1,020
Market rentUsed$730
Est. payment standard (90%)$920
-Principal and interest-$235
Loan amount$37,249
Down payment$9,312
Rate6.50%
Term30 years
-Operating costs-$295
Property taxes-$47
Insurance-$175
Utilities$0
HOA$0
Management-$73
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$12,115(130.1% ROI)
Projected value
$50,141
Return breakdown
Property appreciation+$3,580
Loan principal paid down+$1,335
Rental cash flow+$7,200
5-year hold
+$20,498(220.1% ROI)
Projected value
$52,680
Return breakdown
Property appreciation+$6,119
Loan principal paid down+$2,380
Rental cash flow+$12,000
10-year hold
+$42,712(458.7% ROI)
Projected value
$59,602
Return breakdown
Property appreciation+$13,041
Loan principal paid down+$5,671
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.55
1 BR
1.44
2 BR
1.40
3 BR
1.34
4 BR
1.53
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 31705 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 31705 (Albany, GA) is $1,020 a month. That is unchanged from 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, 31705 is tied for the 10th-highest two-bedroom rent (county range $1,020–$1,350). The median county two-bedroom FMR in Georgia is $1,058, so ZIP 31705 is 4% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 31705
BedroomsFY 2027Change90–110% range
Studio$8700.0%$783–$957
1BR$9100.0%$819–$1,001
2BR$1,0200.0%$918–$1,122
3BR$1,390+0.7%$1,251–$1,529
4BR$1,680+0.6%$1,512–$1,848

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 31705
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$870$910$1,020$1,390$1,680
FY 2026$870$910$1,020$1,380$1,670
FY 2025$810$840$950$1,280$1,540
FY 2024$760$760$890$1,180$1,440
FY 2023$670$680$800$1,050$1,270

Two-bedroom rent in nearby Dougherty County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 31705
31701$1,050+2.9%
31702$1,080+5.9%
31703$1,080+5.9%
31704$1,0200.0%
31705Current$1,020—
31706$1,080+5.9%
31707$1,260+23.5%
31708$1,080+5.9%
31721$1,340+31.4%
31763$1,350+32.4%
31782$1,080+5.9%
31791$1,0200.0%

Questions about ZIP 31705 rents

How much will Section 8 pay for a two-bedroom in ZIP 31705?

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 $1,020 it would be $918 to $1,122. 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 31705 in?

ZIP 31705 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 31705 for FY 2027?

The two-bedroom FMR was unchanged at $1,020 in FY 2027. Since FY 2023 it has risen 27.5%.

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