FMR is below market; voucher rent may lag private rents.
0.67
1 BR
1 BR- 36555
0.78ratio
FMR$1,210
Market$1,560
vs market-$350
FMR is below market; voucher rent may lag private rents.
0.78
2 BR
2 BR- 36555
0.85ratio
FMR$1,320
Market$1,560
vs market-$240
FMR is below market; voucher rent may lag private rents.
0.85
3 BR
3 BR- 36555
0.96ratio
FMR$1,710
Market$1,780
vs market-$70
FMR is near market; voucher and private rents are aligned.
0.96
4 BR
4 BR- 36555
1.07ratio
FMR$2,160
Market$2,020
vs market+$140
FMR is near market; voucher and private rents are aligned.
1.07
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--
Magnolia Springs, AL fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Magnolia Springs, AL is $1,320 a month. That is up 10.0% from $1,200 in FY 2026. Magnolia Springs 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 Magnolia Springs is 35% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Magnolia Springs, AL
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$980
$1,090
+11.2%
$981–$1,199
1BR
$1,070
$1,210
+13.1%
$1,089–$1,331
2BR
$1,200
$1,320
+10.0%
$1,188–$1,452
3BR
$1,510
$1,710
+13.2%
$1,539–$1,881
4BR
$1,940
$2,160
+11.3%
$1,944–$2,376
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Magnolia Springs, AL
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,090
$1,210
$1,320
$1,710
$2,160
FY 2026
$980
$1,070
$1,200
$1,510
$1,940
FY 2025
$950
$960
$1,230
$1,510
$1,910
FY 2024
$880
$880
$1,140
$1,400
$1,780
FY 2023
$780
$780
$1,020
$1,300
$1,670
Questions about Magnolia Springs, AL rents
How much will Section 8 pay for a two-bedroom in Magnolia Springs, 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 $1,320 it would be $1,188 to $1,452. 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 Magnolia Springs, AL in?
Magnolia Springs, 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 Magnolia Springs, AL for FY 2027?
The two-bedroom FMR rose 10.0%, from $1,200 in FY 2026 to $1,320 in FY 2027. Since FY 2023 it has risen 29.4%.
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