Location: Dooly County, GA | Metro: Dooly County, GA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $820 |
| 1 Bedroom | $830 |
| 2 Bedrooms | $1,030 |
| 3 Bedrooms | $1,430 |
| 4 Bedrooms | $1,490 |
| 5 Bedrooms | $1,728 |
| 6 Bedrooms | $1,935 |
| 7 Bedrooms | $2,090 |
| 8 Bedrooms | $2,195 |
U.S. Census Bureau data (2024)
The economics of Section 8 housing in ZIP code 31070 are straightforward. The SAFMR (Standard Amount for Fair Market Rent) for a two-bedroom apartment in this ZIP code for fiscal year 2026 is set at $970. This figure represents the maximum amount that the Housing Choice Voucher program will pay toward rent for a two-bedroom unit in this specific area.
To understand what this means for landlords, it's important to break down the components of the voucher payment. The total rent is divided into two parts: the tenant's portion and the voucher subsidy. Typically, tenants are required to contribute 30% of their adjusted income towards rent. Once this amount is determined, the remainder of the rent up to the SAFMR is covered by the voucher.
For instance, if a tenant's portion of the rent is $300, the voucher would cover the difference between this amount and the SAFMR, which in this case would be $670. Additionally, the voucher program includes utility allowances, which vary but are generally around $200-$300 per month for electricity, gas, water, and sewer. These allowances are separate from the rent subsidy and directly benefit the tenant.
Given that the local market rent data is currently unavailable, we can only work with the SAFMR to provide insights. If market rents exceed the SAFMR, landlords might face a shortfall. For example, if the market rent for a two-bedroom unit is $1,000, the landlord would receive $970 from the voucher program, leaving a $30 shortfall. Conversely, if the market rent is below the SAFMR, say $900, the landlord would receive the full market rent plus an additional $70.
In ZIP 31070, landlords should expect a reimbursement gap or surplus based on the market rent they charge. If market rents are higher than the SAFMR, there will be a gap that the landlord must absorb. If market rents are lower, there will be a surplus above the actual rent charged.
Data Sources: FMR data from HUD (2027). Demographics from U.S. Census (2024).
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.