Not enough rental comps in this area to determine how FMR aligns with current market rates.
Historical
FY 2023-2027
FMR
FY2027
Property value
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Tax rate
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Mortgage rate
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Locust Fork, AL fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Locust Fork, AL is $1,260 a month. That is up 3.3% from $1,220 in FY 2026. Locust Fork is in the Birmingham-Hoover, AL HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. The median county two-bedroom FMR in Alabama is $975, so Locust Fork is 29% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Locust Fork, AL
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$990
$1,080
+9.1%
$972–$1,188
1BR
$1,110
$1,160
+4.5%
$1,044–$1,276
2BR
$1,220
$1,260
+3.3%
$1,134–$1,386
3BR
$1,530
$1,580
+3.3%
$1,422–$1,738
4BR
$1,740
$1,780
+2.3%
$1,602–$1,958
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Locust Fork, AL
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,080
$1,160
$1,260
$1,580
$1,780
FY 2026
$990
$1,110
$1,220
$1,530
$1,740
FY 2025
$1,040
$1,190
$1,320
$1,650
$1,870
FY 2024
$1,050
$1,180
$1,330
$1,680
$1,870
FY 2023
$870
$950
$1,080
$1,380
$1,500
Questions about Locust Fork, AL rents
How much will Section 8 pay for a two-bedroom in Locust Fork, AL?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,260, that basic range is $1,134 to $1,386 a month. 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 Locust Fork, AL in?
Locust Fork, AL is in the Birmingham-Hoover, AL HUD Metro FMR Area. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.
How much did fair market rent change in Locust Fork, AL for FY 2027?
The two-bedroom FMR rose 3.3%, from $1,220 in FY 2026 to $1,260 in FY 2027. Since FY 2023 it has risen 16.7%.
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