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AL/Dale County/Midland City

Midland City, AL

CitySAFMR
Dale County
Found 1 ZIP

City Median Investment Score

100Above average

095130300
BRFMR
Eff. Rent
0 BR$690$760
1 BR$830$910
2 BR$920$1,010
3 BR$1,270$1,140
4 BR$1,520$1,340
5 BR$1,748Not available
6 BR$2,010Not available
7 BR$2,312Not available
8 BR$2,658Not available

Purchase Price Calculator

Maximum purchase price
$88,169

Cost breakdown

+Likely effective rent$1,010
HUD FMR$920
Market rent$1,070
Est. payment standard (110%)Used$1,010
-Principal and interest-$446
Loan amount$70,535
Down payment$17,634
Rate6.50%
Term30 years
-Operating costs-$364
Property taxes-$88
Insurance-$175
Utilities$0
HOA$0
Management-$101
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$16,506(93.6% ROI)
Projected value
$94,948
Return breakdown
Property appreciation+$6,779
Loan principal paid down+$2,527
Rental cash flow+$7,200
5-year hold
+$28,093(159.3% ROI)
Projected value
$99,755
Return breakdown
Property appreciation+$11,586
Loan principal paid down+$4,507
Rental cash flow+$12,000
10-year hold
+$59,433(337.0% ROI)
Projected value
$112,864
Return breakdown
Property appreciation+$24,695
Loan principal paid down+$10,738
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.70
1 BR
0.83
2 BR
0.86
3 BR
1.11
4 BR
1.13
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

Midland City, AL fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Midland City, AL is $920 a month. That is up 13.6% from $810 in FY 2026. Midland City is in the Dale County, AL non-metropolitan FMR area. 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 county-wide two-bedroom FMR of $921. The median county two-bedroom FMR in Alabama is $975, so Midland City is 6% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Midland City, AL
BedroomsFY 2027Change90–110% range
Studio$690+6.2%$621–$759
1BR$830+22.1%$747–$913
2BR$920+13.6%$828–$1,012
3BR$1,270+14.4%$1,143–$1,397
4BR$1,520+18.8%$1,368–$1,672

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Midland City, AL
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$690$830$920$1,270$1,520
FY 2026$650$680$810$1,110$1,280
FY 2025$670$680$820$1,100$1,310
FY 2024$700$700$860$1,160$1,310
FY 2023$600$610$740$990$1,120

Questions about Midland City, AL rents

How much will Section 8 pay for a two-bedroom in Midland City, AL?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $921, which applies unless the housing authority uses Small Area FMRs, that basic range is $829 to $1,013 a month; under the ZIP-level Small Area FMR of $920 it would be $828 to $1,012. 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 Midland City, AL in?

Midland City, AL is in the Dale County, AL non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $921.

How much did fair market rent change in Midland City, AL for FY 2027?

The two-bedroom FMR rose 13.6%, from $810 in FY 2026 to $920 in FY 2027. Since FY 2023 it has risen 24.3%.

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