ZIP 31824 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 31824 in the Albany, GA MSA FMR area.

Albany, GA MSA

$870Efficiency

$9101 bedroom

$1,0202 bedrooms

$1,3903 bedrooms

$1,6804 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$870	$783	$957	$953
1 bedroom	$910	$819	$1,001	$972
2 bedrooms	$1,020	$918	$1,122	$1,103
3 bedrooms	$1,390	$1,251	$1,529	$1,482
4 bedrooms	$1,680	$1,512	$1,848	$1,829

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

Columbus, GA-AL

$870Efficiency

$9101 bedroom

$1,0202 bedrooms

$1,3903 bedrooms

$1,6804 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$870	$783	$957	$1,026
1 bedroom	$910	$819	$1,001	$1,053
2 bedrooms	$1,020	$918	$1,122	$1,212
3 bedrooms	$1,390	$1,251	$1,529	$1,611
4 bedrooms	$1,680	$1,512	$1,848	$1,876

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

Webster County, GA

$870Efficiency

$9101 bedroom

$1,0202 bedrooms

$1,3903 bedrooms

$1,6804 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$870	$783	$957	$798
1 bedroom	$910	$819	$1,001	$803
2 bedrooms	$1,020	$918	$1,122	$1,002
3 bedrooms	$1,390	$1,251	$1,529	$1,246
4 bedrooms	$1,680	$1,512	$1,848	$1,446

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

Income in ZIP 31824

$49,312average adjusted gross income per tax return (2022)

$35,043average salaries and wages per return

600tax returns filed

25%of average income for a 2-bedroom SAFMR

Adjusted gross income	Share of returns
$1 to $25,000	40.0%
$25,000 to $50,000	30.0%
$50,000 to $75,000	13.3%
$75,000 to $100,000	6.7%
$100,000 to $200,000	10.0%
$200,000 or more	0.0%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 35.0% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 31824?

HUD's FY2027 Small Area FMRs for ZIP 31824 (Albany, GA MSA) are $870 efficiency, $910 one bedroom, $1,020 two bedrooms, $1,390 three and $1,680 four bedrooms.

What payment standard can a housing authority set in ZIP 31824?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $918 to $1,122.

How affordable is rent in ZIP 31824?

Tax returns filed from ZIP 31824 reported an average adjusted gross income of $49,312 (2022). A two-bedroom unit at the Small Area FMR costs $12,240 a year, or 25% of that income.