FMR is below market; voucher rent may lag private rents.
0.89
1 BR
1 BR- 35115
0.95ratio
FMR$900
Market$950
vs market-$50
FMR is near market; voucher and private rents are aligned.
0.95
2 BR
2 BR- 35115
0.79ratio
FMR$1,020
Market$1,290
vs market-$270
FMR is below market; voucher rent may lag private rents.
0.79
3 BR
3 BR- 35115
0.85ratio
FMR$1,290
Market$1,510
vs market-$220
FMR is below market; voucher rent may lag private rents.
0.85
4 BR
4 BR- 35115
0.76ratio
FMR$1,490
Market$1,960
vs market-$470
FMR is below market; voucher rent may lag private rents.
0.76
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
--
Montevallo, AL fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Montevallo, AL is $1,020 a month. That is unchanged from FY 2026. Montevallo 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 Montevallo is 5% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Montevallo, AL
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$810
$850
+4.9%
$765–$935
1BR
$900
$900
0.0%
$810–$990
2BR
$1,020
$1,020
0.0%
$918–$1,122
3BR
$1,280
$1,290
+0.8%
$1,161–$1,419
4BR
$1,430
$1,490
+4.2%
$1,341–$1,639
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Montevallo, AL
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$850
$900
$1,020
$1,290
$1,490
FY 2026
$810
$900
$1,020
$1,280
$1,430
FY 2025
$890
$1,000
$1,130
$1,420
$1,580
FY 2024
$780
$850
$970
$1,240
$1,350
FY 2023
$700
$750
$860
$1,120
$1,190
Questions about Montevallo, AL rents
How much will Section 8 pay for a two-bedroom in Montevallo, AL?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,020, that basic range is $918 to $1,122 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 Montevallo, AL in?
Montevallo, 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 Montevallo, AL for FY 2027?
The two-bedroom FMR was unchanged at $1,020 in FY 2027. Since FY 2023 it has risen 18.6%.
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