Location: Toombs County, GA | Metro: Toombs County, GA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $830 |
| 1 Bedroom | $830 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,290 |
| 4 Bedrooms | $1,320 |
| 5 Bedrooms | $1,531 |
| 6 Bedrooms | $1,715 |
| 7 Bedrooms | $1,852 |
| 8 Bedrooms | $1,945 |
The economics of Section 8 in ZIP code 30475, located in Toombs County, Georgia, follow a structured formula that determines the payment to landlords. The SAFMR (Small Area Fair Market Rent) for a two-bedroom apartment in this ZIP code for fiscal year 2026 is set at $970. This figure is specific to this ZIP code, meaning it does not vary across different areas within the same county or metropolitan region.
A landlord's actual income from a Section 8 voucher will depend on the tenant's portion of the rent and any utility allowances. Typically, tenants are required to pay 30% of their adjusted monthly income towards rent. If we assume an average adjusted monthly income of $1,000 for a tenant, they would be responsible for paying $300. This leaves the remainder of the rent, which is $670, to be covered by the housing authority through the voucher program.
In addition to the base rent, there can be utility allowances. These vary based on the household size and the specific utilities included. For a two-bedroom unit, the utility allowance might range from $200 to $300 per month, depending on the local housing authority's policy and the type of utilities used. Therefore, if we take the higher end of the utility allowance at $300, the total monthly reimbursement a landlord could expect from the housing authority would be around $970 ($670 for rent + $300 for utilities).
However, due to the lack of specific data on local market rents for ZIP 30475, it's challenging to provide an exact comparison. Nonetheless, if the local market rent is lower than the SAFMR, landlords may find themselves receiving slightly more than the average market rent, thus creating a surplus. Conversely, if the local market rent exceeds the SAFMR, landlords would face a reimbursement gap, where the voucher amount is less than what they could potentially charge on the open market.
To illustrate, let's assume the local market rent for a two-bedroom unit is $1,000. With the SAFMR at $970, landlords would receive a reimbursement gap of $30 per month. On the other hand, if the local market rent is below $970, say $900, landlords would receive a surplus of $70 per month.
In conclusion, landlords in ZIP 30475 should anticipate a reimbursement of approximately $970 for a two-bedroom unit, considering both the rent and utility allowances. The presence of a surplus or gap depends on the local market conditions, but with the SAFMR set at $970, landlords must compare this against their own rental rates to determine their financial position relative to the voucher program.
Data Sources: FMR data from HUD (2027).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.