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AL/Limestone County/Belle Mina

Belle Mina, AL

CitySAFMR
Limestone County
Found 1 ZIP
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City Median Investment Score

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095130300
BRFMR
Eff. Rent
0 BR$1,380$1,450
1 BR$1,530$1,430
2 BR$1,760$1,540
3 BR$2,270$1,610
4 BR$2,830$2,360
5 BR$3,254Not available
6 BR$3,743Not available
7 BR$4,304Not available
8 BR$4,950Not available

Purchase Price Calculator

Maximum purchase price
$166,927

Cost breakdown

+Likely effective rent$1,540
HUD FMR$1,760
Market rentUsed$1,540
Est. payment standard (92%)$1,620
-Principal and interest-$844
Loan amount$133,542
Down payment$33,385
Rate6.50%
Term30 years
-Operating costs-$496
Property taxes-$167
Insurance-$175
Utilities$0
HOA$0
Management-$154
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$24,820(74.3% ROI)
Projected value
$179,762
Return breakdown
Property appreciation+$12,835
Loan principal paid down+$4,784
Rental cash flow+$7,200
5-year hold
+$42,468(127.2% ROI)
Projected value
$188,862
Return breakdown
Property appreciation+$21,936
Loan principal paid down+$8,532
Rental cash flow+$12,000
10-year hold
+$91,084(272.8% ROI)
Projected value
$213,681
Return breakdown
Property appreciation+$46,754
Loan principal paid down+$20,330
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.93
1 BR
1.07
2 BR
1.14
3 BR
1.41
4 BR
1.20
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
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Tax rate
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Mortgage rate
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Belle Mina, AL fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Belle Mina, AL is $1,760 a month. That is down 9.7% from $1,950 in FY 2026. Belle Mina is in the Huntsville, AL MSA. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $1,341. The median county two-bedroom FMR in Alabama is $975, so Belle Mina is 81% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Belle Mina, AL
BedroomsFY 2027Change90–110% range
Studio$1,380−9.8%$1,242–$1,518
1BR$1,530−9.5%$1,377–$1,683
2BR$1,760−9.7%$1,584–$1,936
3BR$2,270−9.9%$2,043–$2,497
4BR$2,830−9.9%$2,547–$3,113

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Belle Mina, AL
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,380$1,530$1,760$2,270$2,830
FY 2026$1,530$1,690$1,950$2,520$3,140
FY 2025$810$970$1,130$1,460$1,750
FY 2024$750$890$1,050$1,380$1,640
FY 2023$830$980$1,160$1,530$1,820

Questions about Belle Mina, AL rents

How much will Section 8 pay for a two-bedroom in Belle Mina, AL?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,341, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,207 to $1,475 a month; under the ZIP-level Small Area FMR of $1,760 it would be $1,584 to $1,936. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.

Which HUD fair market rent area is Belle Mina, AL in?

Belle Mina, AL is in the Huntsville, AL MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,341.

How much did fair market rent change in Belle Mina, AL for FY 2027?

The two-bedroom FMR fell 9.7%, from $1,950 in FY 2026 to $1,760 in FY 2027. Since FY 2023 it has risen 51.7%.

When do FY 2027 fair market rents take effect?

HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.

Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set