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39829

ZIPFMR
Grady County, GA
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ZIP Investment Score

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095130300
BRFMR
Eff. Rent
0 BR$761$761
1 BR$766$766
2 BR$1,002$1,002
3 BR$1,369$1,369
4 BR$1,571$1,571
5 BR$1,807Not available
6 BR$2,078Not available
7 BR$2,389Not available
8 BR$2,748Not available

Purchase Price Calculator

Maximum purchase price
$86,980

Cost breakdown

+Likely effective rent$1,002
HUD FMRUsed$1,002
Market rentN/A
Est. payment standardN/A
-Principal and interest-$440
Loan amount$69,584
Down payment$17,396
Rate6.50%
Term30 years
-Operating costs-$362
Property taxes-$87
Insurance-$175
Utilities$0
HOA$0
Management-$100
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$16,381(94.2% ROI)
Projected value
$93,668
Return breakdown
Property appreciation+$6,688
Loan principal paid down+$2,493
Rental cash flow+$7,200
5-year hold
+$27,876(160.2% ROI)
Projected value
$98,410
Return breakdown
Property appreciation+$11,430
Loan principal paid down+$4,446
Rental cash flow+$12,000
10-year hold
+$58,955(338.9% ROI)
Projected value
$111,342
Return breakdown
Property appreciation+$24,362
Loan principal paid down+$10,593
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
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Tax rate
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Mortgage rate
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ZIP 39829 fair market rent, FY 2027

For FY 2027, HUD's Fair Market Rent for a two-bedroom unit in ZIP 39829 (Calvary, GA) is $1,002 a month. That is up 3.0% from $973 in FY 2026. Calvary is in the Grady County, GA non-metropolitan FMR area. One county-wide FMR applies to every ZIP code in it. The median county two-bedroom FMR in Georgia is $1,058, so ZIP 39829 is 5% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 39829
BedroomsFY 2027Change90–110% range
Studio$761+3.3%$685–$837
1BR$766+3.2%$689–$843
2BR$1,002+3.0%$902–$1,102
3BR$1,369+1.9%$1,232–$1,506
4BR$1,571+5.4%$1,414–$1,728

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 39829
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$761$766$1,002$1,369$1,571
FY 2026$737$742$973$1,343$1,490
FY 2025$691$695$912$1,228$1,374
FY 2024$681$686$901$1,219$1,309
FY 2023$606$610$803$1,082$1,105

Questions about ZIP 39829 rents

How much will Section 8 pay for a two-bedroom in ZIP 39829?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,002, that basic range is $902 to $1,102 a month. 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 39829 in?

ZIP 39829 is in the Grady County, GA non-metropolitan FMR area.

How much did fair market rent change in ZIP 39829 for FY 2027?

The two-bedroom FMR rose 3.0%, from $973 in FY 2026 to $1,002 in FY 2027. Since FY 2023 it has risen 24.8%.

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 Fair Market Rents. 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