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Muscogee County/Columbus/31901

31901

ZIPSAFMR
Muscogee County, GA
Zillow

ZIP Investment Score

117Above average

095130300
BRFMR
Eff. Rent
0 BR$910$780
1 BR$930$750
2 BR$1,070$1,140
3 BR$1,420$1,360
4 BR$1,660$1,620
5 BR$1,909Not available
6 BR$2,195Not available
7 BR$2,525Not available
8 BR$2,903Not available

Purchase Price Calculator

Maximum purchase price
$107,487

Cost breakdown

+Likely effective rent$1,140
HUD FMR$1,070
Market rent$1,180
Est. payment standard (107%)Used$1,140
-Principal and interest-$544
Loan amount$85,990
Down payment$21,497
Rate6.50%
Term30 years
-Operating costs-$396
Property taxes-$107
Insurance-$175
Utilities$0
HOA$0
Management-$114
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$18,546(86.3% ROI)
Projected value
$115,752
Return breakdown
Property appreciation+$8,265
Loan principal paid down+$3,081
Rental cash flow+$7,200
5-year hold
+$31,619(147.1% ROI)
Projected value
$121,612
Return breakdown
Property appreciation+$14,125
Loan principal paid down+$5,494
Rental cash flow+$12,000
10-year hold
+$67,196(312.6% ROI)
Projected value
$137,592
Return breakdown
Property appreciation+$30,105
Loan principal paid down+$13,091
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.17
1 BR
1.24
2 BR
0.91
3 BR
1.04
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 31901 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 31901 (Columbus, GA) is $1,070 a month. That is up 7.0% from $1,000 in FY 2026. Columbus is in the Columbus, GA-AL HUD Metro 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 metro-wide two-bedroom FMR of $1,212. Among 18 ZIP codes in Muscogee County, 31901 has the 15th-highest two-bedroom rent (county range $1,000–$1,820). The median county two-bedroom FMR in Georgia is $1,058, so ZIP 31901 is 1% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 31901
BedroomsFY 2027Change90–110% range
Studio$910+13.8%$819–$1,001
1BR$930+9.4%$837–$1,023
2BR$1,070+7.0%$963–$1,177
3BR$1,420+7.6%$1,278–$1,562
4BR$1,660+3.1%$1,494–$1,826

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 31901
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$910$930$1,070$1,420$1,660
FY 2026$800$850$1,000$1,320$1,610
FY 2025$750$800$930$1,240$1,570
FY 2024$710$760$890$1,180$1,500
FY 2023$620$670$770$1,040$1,310

Two-bedroom rent in nearby Muscogee County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 31901
31829$1,270+18.7%
31901Current$1,070—
31902$1,250+16.8%
31903$1,000−6.5%
31904$1,310+22.4%
31905$1,750+63.6%
31906$1,060−0.9%
31907$1,370+28.0%
31908$1,250+16.8%
31909$1,650+54.2%
31914$1,250+16.8%
31917$1,250+16.8%

Questions about ZIP 31901 rents

How much will Section 8 pay for a two-bedroom in ZIP 31901?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,212, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,091 to $1,333 a month; under the ZIP-level Small Area FMR of $1,070 it would be $963 to $1,177. 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 31901 in?

ZIP 31901 is in the Columbus, GA-AL HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,212.

How much did fair market rent change in ZIP 31901 for FY 2027?

The two-bedroom FMR rose 7.0%, from $1,000 in FY 2026 to $1,070 in FY 2027. Since FY 2023 it has risen 39.0%.

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

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