ZIP 31331 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 31331 in the Brunswick-St. Simons, GA MSA FMR area.

$1,000Efficiency
$1,0601 bedroom
$1,2602 bedrooms
$1,5603 bedrooms
$1,9304 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$1,000$900$1,100$991
1 bedroom$1,060$954$1,166$1,114
2 bedrooms$1,260$1,134$1,386$1,378
3 bedrooms$1,560$1,404$1,716$1,642
4 bedrooms$1,930$1,737$2,123$1,938

Housing authorities may set voucher payment standards from 90% to 110% of the FMR that applies to them.

Income in ZIP 31331

$66,917average adjusted gross income per tax return (2022)
$41,379average salaries and wages per return
2,730tax returns filed
23%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00033.0%
$25,000 to $50,00024.5%
$50,000 to $75,00013.9%
$75,000 to $100,0009.2%
$100,000 to $200,00015.0%
$200,000 or more4.4%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 22.3% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 31331?

HUD's FY2027 Small Area FMRs for ZIP 31331 (Brunswick-St. Simons, GA MSA) are $1,000 efficiency, $1,060 one bedroom, $1,260 two bedrooms, $1,560 three and $1,930 four bedrooms.

What payment standard can a housing authority set in ZIP 31331?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,134 to $1,386.

How affordable is rent in ZIP 31331?

Tax returns filed from ZIP 31331 reported an average adjusted gross income of $66,917 (2022). A two-bedroom unit at the Small Area FMR costs $15,120 a year, or 23% of that income.