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Muscogee County/Columbus/31907

31907

ZIPSAFMR
Muscogee County, GA
Zillow

ZIP Investment Score

151High yield potential

095130300
BRFMR
Eff. Rent
0 BR$1,160$950
1 BR$1,190$970
2 BR$1,370$1,040
3 BR$1,820$1,410
4 BR$2,120$1,860
5 BR$2,438Not available
6 BR$2,804Not available
7 BR$3,224Not available
8 BR$3,708Not available

Purchase Price Calculator

Maximum purchase price
$92,627

Cost breakdown

+Likely effective rent$1,040
HUD FMR$1,370
Market rentUsed$1,040
Est. payment standard (90%)$1,230
-Principal and interest-$468
Loan amount$74,102
Down payment$18,525
Rate6.50%
Term30 years
-Operating costs-$372
Property taxes-$93
Insurance-$175
Utilities$0
HOA$0
Management-$104
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$16,977(91.6% ROI)
Projected value
$99,749
Return breakdown
Property appreciation+$7,122
Loan principal paid down+$2,655
Rental cash flow+$7,200
5-year hold
+$28,906(156.0% ROI)
Projected value
$104,799
Return breakdown
Property appreciation+$12,172
Loan principal paid down+$4,734
Rental cash flow+$12,000
10-year hold
+$61,225(330.5% ROI)
Projected value
$118,570
Return breakdown
Property appreciation+$25,943
Loan principal paid down+$11,281
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.22
1 BR
1.23
2 BR
1.32
3 BR
1.29
4 BR
1.14
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 31907 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 31907 (Columbus, GA) is $1,370 a month. That is up 7.9% from $1,270 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, 31907 has the 5th-highest two-bedroom rent (county range $1,000–$1,820). The median county two-bedroom FMR in Georgia is $1,058, so ZIP 31907 is 29% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 31907
BedroomsFY 2027Change90–110% range
Studio$1,160+10.5%$1,044–$1,276
1BR$1,190+8.2%$1,071–$1,309
2BR$1,370+7.9%$1,233–$1,507
3BR$1,820+7.7%$1,638–$2,002
4BR$2,120+6.5%$1,908–$2,332

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 31907
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,160$1,190$1,370$1,820$2,120
FY 2026$1,050$1,100$1,270$1,690$1,990
FY 2025$990$1,050$1,240$1,640$1,990
FY 2024$910$970$1,130$1,500$1,910
FY 2023$830$890$1,030$1,390$1,750

Two-bedroom rent in nearby Muscogee County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 31907
31829$1,270−7.3%
31901$1,070−21.9%
31902$1,250−8.8%
31903$1,000−27.0%
31904$1,310−4.4%
31905$1,750+27.7%
31906$1,060−22.6%
31907Current$1,370—
31908$1,250−8.8%
31909$1,650+20.4%
31914$1,250−8.8%
31917$1,250−8.8%

Questions about ZIP 31907 rents

How much will Section 8 pay for a two-bedroom in ZIP 31907?

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 $1,370 it would be $1,233 to $1,507. 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 31907 in?

ZIP 31907 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 31907 for FY 2027?

The two-bedroom FMR rose 7.9%, from $1,270 in FY 2026 to $1,370 in FY 2027. Since FY 2023 it has risen 33.0%.

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