FY2027 Small Area FMR · Albany, GA

ZIP 31708 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 31708 (Albany, GA) is $1,080 a month, down 2.7% from FY2026. That is 2% below the Albany, GA area-wide FMR of $1,103.

2-bedroom SAFMR$1,080per month ▼ 2.7%

Area-wide 2 BR FMR$1,103Albany, GA

Rank in the area14thof 33 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$972

2 BR Small Area FMR$1,080

110% of SAFMR$1,188

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

Studio$930▼ 2.1%

1 BR$950▼ 4.0%

2 BR$1,080▼ 2.7%

3 BR$1,450▼ 4.0%

4 BR$1,790▼ 2.2%

FY2027 FY2026

Where 31708 sits in the Albany, GA area

Of the 33 ZIP codes HUD lists for the area, 31708 has the 14th highest two-bedroom Small Area FMR. Albany, 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 $1,103 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,080 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	$930	$837 – $1,023	$953	$950
1 bedroom	$950	$855 – $1,045	$972	$990
2 bedrooms	$1,080	$972 – $1,188	$1,103	$1,110
3 bedrooms	$1,450	$1,305 – $1,595	$1,482	$1,510
4 bedrooms	$1,790	$1,611 – $1,969	$1,829	$1,830

A household renting a two-bedroom home at the Small Area FMR of $1,080 needs about $43,200 a year to keep housing costs at 30% of income. The area median family income is $71,200 and the 80% low-income limit for four people is $61,600. ZIP code 31708 lies mainly in Dougherty County. See the Albany, GA metro page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
31701	Albany	3.1 mi	$1,050
31707	Albany	4.4 mi	$1,260
31704	Albany	5.1 mi	$1,020
31705	Albany	7.3 mi	$1,020
31721	Albany	10.9 mi	$1,340
31763	Leesburg	11.0 mi	$1,350

Questions

What is the Fair Market Rent for ZIP code 31708?

HUD's FY2027 Small Area Fair Market Rents for 31708 are $930 (studio), $950 (1 BR), $1,080 (2 BR), $1,450 (3 BR) and $1,790 (4 BR) a month.

What is the Section 8 payment standard in 31708?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 31708 that range is $972 to $1,188 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 31708?

The FY2026 income limits of the Albany, GA area apply: median family income $71,200, low-income (80%) limit $61,600 for a family of four.