FY2027 Small Area FMR · Savannah, GA

ZIP 31406 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 31406 (Savannah, GA) is $1,650 a month, down 1.2% from FY2026. That is 2% below the Savannah, GA area-wide FMR of $1,679.

2-bedroom SAFMR$1,650per month ▼ 1.2%

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

Rank in the area18thof 32 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,485

2 BR Small Area FMR$1,650

110% of SAFMR$1,815

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

Studio$1,450■ 0.0%

1 BR$1,520■ 0.0%

2 BR$1,650▼ 1.2%

3 BR$2,150▼ 3.2%

4 BR$2,440▼ 3.6%

FY2027 FY2026

Where 31406 sits in the Savannah, GA area

Of the 32 ZIP codes HUD lists for the area, 31406 has the 18th 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 $1,650 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	$1,450	$1,305 – $1,595	$1,481	$1,450
1 bedroom	$1,520	$1,368 – $1,672	$1,542	$1,520
2 bedrooms	$1,650	$1,485 – $1,815	$1,679	$1,670
3 bedrooms	$2,150	$1,935 – $2,365	$2,185	$2,220
4 bedrooms	$2,440	$2,196 – $2,684	$2,484	$2,530

A household renting a two-bedroom home at the Small Area FMR of $1,650 needs about $66,000 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 31406 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	1.0 mi	$2,010
31411	Savannah	3.9 mi	$1,940
31409	Savannah	4.3 mi	$1,650
31404	Savannah	5.3 mi	$1,530
31410	Savannah	6.4 mi	$2,050
31401	Savannah	6.5 mi	$2,010

Questions

What is the Fair Market Rent for ZIP code 31406?

HUD's FY2027 Small Area Fair Market Rents for 31406 are $1,450 (studio), $1,520 (1 BR), $1,650 (2 BR), $2,150 (3 BR) and $2,440 (4 BR) a month.

What is the Section 8 payment standard in 31406?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 31406 that range is $1,485 to $1,815 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 31406?

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.