FY2027 Small Area FMR · Savannah, GA

ZIP 31403 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 31403 (Savannah, GA) is $1,700 a month, unchanged from FY2026. That is 1% above the Savannah, GA area-wide FMR of $1,679.

2-bedroom SAFMR$1,700per month ■ 0.0%

Area-wide 2 BR FMR$1,679Savannah, GA

Rank in the area10thof 32 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,530

2 BR Small Area FMR$1,700

110% of SAFMR$1,870

Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.

Studio$1,500▲ 2.0%

1 BR$1,560▲ 0.6%

2 BR$1,700■ 0.0%

3 BR$2,210▼ 2.2%

4 BR$2,510▼ 2.7%

FY2027 FY2026

Where 31403 sits in the Savannah, GA area

Of the 32 ZIP codes HUD lists for the area, 31403 has the 10th highest two-bedroom Small Area FMR. Savannah, GA is not on HUD's list of mandatory Small Area FMR areas, so voucher payment standards here are normally based on the area-wide FMR of $1,679 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,700 for this ZIP code instead.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$1,500	$1,350 – $1,650	$1,481	$1,470
1 bedroom	$1,560	$1,404 – $1,716	$1,542	$1,550
2 bedrooms	$1,700	$1,530 – $1,870	$1,679	$1,700
3 bedrooms	$2,210	$1,989 – $2,431	$2,185	$2,260
4 bedrooms	$2,510	$2,259 – $2,761	$2,484	$2,580

A household renting a two-bedroom home at the Small Area FMR of $1,700 needs about $68,000 a year to keep housing costs at 30% of income. The area median family income is $107,300 and the 80% low-income limit for four people is $85,850. ZIP code 31403 lies mainly in Chatham County. See the Savannah, GA metro page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
31421	Savannah	0.0 mi	$2,010
31406	Savannah	1.0 mi	$1,650
31411	Savannah	2.9 mi	$1,940
31409	Savannah	5.3 mi	$1,650
31404	Savannah	5.7 mi	$1,530
31410	Savannah	6.1 mi	$2,050

Questions

What is the Fair Market Rent for ZIP code 31403?

HUD's FY2027 Small Area Fair Market Rents for 31403 are $1,500 (studio), $1,560 (1 BR), $1,700 (2 BR), $2,210 (3 BR) and $2,510 (4 BR) a month.

What is the Section 8 payment standard in 31403?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 31403 that range is $1,530 to $1,870 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 31403?

The FY2026 income limits of the Savannah, GA area apply: median family income $107,300, low-income (80%) limit $85,850 for a family of four.