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AL/Montgomery County/Mount Meigs

Mount Meigs, AL

CitySAFMR
Montgomery County
Found 1 ZIP
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City Median Investment Score

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095130300
BRFMR
Eff. Rent
0 BR$1,110$1,150
1 BR$1,130$1,180
2 BR$1,290$1,190
3 BR$1,660$1,220
4 BR$1,920$1,690
5 BR$2,208Not available
6 BR$2,539Not available
7 BR$2,920Not available
8 BR$3,358Not available

Purchase Price Calculator

Maximum purchase price
$114,917

Cost breakdown

+Likely effective rent$1,190
HUD FMR$1,290
Market rentUsed$1,190
Est. payment standard (95%)$1,230
-Principal and interest-$581
Loan amount$91,934
Down payment$22,983
Rate6.50%
Term30 years
-Operating costs-$409
Property taxes-$115
Insurance-$175
Utilities$0
HOA$0
Management-$119
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$19,330(84.1% ROI)
Projected value
$123,753
Return breakdown
Property appreciation+$8,836
Loan principal paid down+$3,294
Rental cash flow+$7,200
5-year hold
+$32,975(143.5% ROI)
Projected value
$130,018
Return breakdown
Property appreciation+$15,101
Loan principal paid down+$5,874
Rental cash flow+$12,000
10-year hold
+$70,182(305.4% ROI)
Projected value
$147,103
Return breakdown
Property appreciation+$32,186
Loan principal paid down+$13,996
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.95
1 BR
0.93
2 BR
1.08
3 BR
1.36
4 BR
1.14
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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Mount Meigs, AL fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Mount Meigs, AL is $1,290 a month. That is down 0.8% from $1,300 in FY 2026. Mount Meigs is in the Montgomery, AL MSA, 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 Mount Meigs is 32% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Mount Meigs, AL
BedroomsFY 2027Change90–110% range
Studio$1,110+0.9%$999–$1,221
1BR$1,130+1.8%$1,017–$1,243
2BR$1,290−0.8%$1,161–$1,419
3BR$1,660−0.6%$1,494–$1,826
4BR$1,920−2.5%$1,728–$2,112

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Mount Meigs, AL
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,110$1,130$1,290$1,660$1,920
FY 2026$1,100$1,110$1,300$1,670$1,970
FY 2025$1,000$1,040$1,240$1,580$1,960
FY 2024$830$900$1,080$1,370$1,730
FY 2023area FMR$716$817$977$1,241$1,595

Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.

Questions about Mount Meigs, AL rents

How much will Section 8 pay for a two-bedroom in Mount Meigs, AL?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,290, that basic range is $1,161 to $1,419 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 Mount Meigs, AL in?

Mount Meigs, AL is in the Montgomery, AL MSA. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.

How much did fair market rent change in Mount Meigs, AL for FY 2027?

The two-bedroom FMR fell 0.8%, from $1,300 in FY 2026 to $1,290 in FY 2027. Since FY 2024 it has risen 19.4%.

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