ZIP 31503 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 31503 in the Brunswick-St. Simons, GA MSA FMR area.

Brunswick-St. Simons, GA MSA

$940Efficiency

$1,0001 bedroom

$1,1702 bedrooms

$1,4003 bedrooms

$1,7204 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$940	$846	$1,034	$991
1 bedroom	$1,000	$900	$1,100	$1,114
2 bedrooms	$1,170	$1,053	$1,287	$1,378
3 bedrooms	$1,400	$1,260	$1,540	$1,642
4 bedrooms	$1,720	$1,548	$1,892	$1,938

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

Pierce County, GA

$940Efficiency

$1,0001 bedroom

$1,1702 bedrooms

$1,4003 bedrooms

$1,7204 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$940	$846	$1,034	$803
1 bedroom	$1,000	$900	$1,100	$809
2 bedrooms	$1,170	$1,053	$1,287	$1,058
3 bedrooms	$1,400	$1,260	$1,540	$1,261
4 bedrooms	$1,720	$1,548	$1,892	$1,390

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

Ware County, GA

$940Efficiency

$1,0001 bedroom

$1,1702 bedrooms

$1,4003 bedrooms

$1,7204 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$940	$846	$1,034	$768
1 bedroom	$1,000	$900	$1,100	$773
2 bedrooms	$1,170	$1,053	$1,287	$1,011
3 bedrooms	$1,400	$1,260	$1,540	$1,205
4 bedrooms	$1,720	$1,548	$1,892	$1,564

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

Income in ZIP 31503

$52,029average adjusted gross income per tax return (2022)

$36,632average salaries and wages per return

8,090tax returns filed

27%of average income for a 2-bedroom SAFMR

Adjusted gross income	Share of returns
$1 to $25,000	38.7%
$25,000 to $50,000	26.8%
$50,000 to $75,000	14.5%
$75,000 to $100,000	8.2%
$100,000 to $200,000	9.8%
$200,000 or more	2.1%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 29.0% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 31503?

HUD's FY2027 Small Area FMRs for ZIP 31503 (Brunswick-St. Simons, GA MSA) are $940 efficiency, $1,000 one bedroom, $1,170 two bedrooms, $1,400 three and $1,720 four bedrooms.

What payment standard can a housing authority set in ZIP 31503?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,053 to $1,287.

How affordable is rent in ZIP 31503?

Tax returns filed from ZIP 31503 reported an average adjusted gross income of $52,029 (2022). A two-bedroom unit at the Small Area FMR costs $14,040 a year, or 27% of that income.