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AL/Baldwin County/Bon Secour

Bon Secour, AL

CitySAFMR
Baldwin County
Found 1 ZIP
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City Median Investment Score

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095130300
BRFMR
Eff. Rent
0 BR$1,150$1,270
1 BR$1,270$1,360
2 BR$1,390$1,530
3 BR$1,800$1,880
4 BR$2,280$2,260
5 BR$2,622Not available
6 BR$3,015Not available
7 BR$3,468Not available
8 BR$3,988Not available

Purchase Price Calculator

Maximum purchase price
$165,441

Cost breakdown

+Likely effective rent$1,530
HUD FMR$1,390
Market rent$1,800
Est. payment standard (110%)Used$1,530
-Principal and interest-$837
Loan amount$132,353
Down payment$33,088
Rate6.50%
Term30 years
-Operating costs-$493
Property taxes-$165
Insurance-$175
Utilities$0
HOA$0
Management-$153
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$24,663(74.5% ROI)
Projected value
$178,162
Return breakdown
Property appreciation+$12,721
Loan principal paid down+$4,742
Rental cash flow+$7,200
5-year hold
+$42,196(127.5% ROI)
Projected value
$187,181
Return breakdown
Property appreciation+$21,740
Loan principal paid down+$8,456
Rental cash flow+$12,000
10-year hold
+$90,487(273.5% ROI)
Projected value
$211,778
Return breakdown
Property appreciation+$46,337
Loan principal paid down+$20,149
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.85
1 BR
0.90
2 BR
0.77
3 BR
0.93
4 BR
1.01
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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Bon Secour, AL fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Bon Secour, AL is $1,390 a month. That is up 10.3% from $1,260 in FY 2026. Bon Secour is in the Daphne-Fairhope-Foley, 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 $1,434. The median county two-bedroom FMR in Alabama is $975, so Bon Secour is 43% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Bon Secour, AL
BedroomsFY 2027Change90–110% range
Studio$1,150+11.7%$1,035–$1,265
1BR$1,270+12.4%$1,143–$1,397
2BR$1,390+10.3%$1,251–$1,529
3BR$1,800+13.2%$1,620–$1,980
4BR$2,280+11.8%$2,052–$2,508

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Bon Secour, AL
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,150$1,270$1,390$1,800$2,280
FY 2026$1,030$1,130$1,260$1,590$2,040
FY 2025$950$960$1,230$1,510$1,910
FY 2024$920$920$1,200$1,470$1,860
FY 2023$800$800$1,050$1,330$1,710

Questions about Bon Secour, AL rents

How much will Section 8 pay for a two-bedroom in Bon Secour, AL?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,434, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,291 to $1,577 a month; under the ZIP-level Small Area FMR of $1,390 it would be $1,251 to $1,529. 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 Bon Secour, AL in?

Bon Secour, AL is in the Daphne-Fairhope-Foley, AL MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,434.

How much did fair market rent change in Bon Secour, AL for FY 2027?

The two-bedroom FMR rose 10.3%, from $1,260 in FY 2026 to $1,390 in FY 2027. Since FY 2023 it has risen 32.4%.

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