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Mulga, AL

CitySAFMR
Jefferson County
Found 1 ZIP
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City Median Investment Score

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095130300
BRFMR
Eff. Rent
0 BR$1,040$980
1 BR$1,110$1,000
2 BR$1,210$1,030
3 BR$1,520$1,290
4 BR$1,710$1,490
5 BR$1,966Not available
6 BR$2,261Not available
7 BR$2,601Not available
8 BR$2,991Not available

Purchase Price Calculator

Maximum purchase price
$91,141

Cost breakdown

+Likely effective rent$1,030
HUD FMR$1,210
Market rentUsed$1,030
Est. payment standard (90%)$1,090
-Principal and interest-$461
Loan amount$72,913
Down payment$18,228
Rate6.50%
Term30 years
-Operating costs-$369
Property taxes-$91
Insurance-$175
Utilities$0
HOA$0
Management-$103
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$16,820(92.3% ROI)
Projected value
$98,149
Return breakdown
Property appreciation+$7,008
Loan principal paid down+$2,612
Rental cash flow+$7,200
5-year hold
+$28,635(157.1% ROI)
Projected value
$103,118
Return breakdown
Property appreciation+$11,977
Loan principal paid down+$4,658
Rental cash flow+$12,000
10-year hold
+$60,627(332.6% ROI)
Projected value
$116,668
Return breakdown
Property appreciation+$25,527
Loan principal paid down+$11,100
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.06
1 BR
1.11
2 BR
1.17
3 BR
1.18
4 BR
1.15
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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Mulga, AL fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Mulga, AL is $1,210 a month. That is up 13.1% from $1,070 in FY 2026. Mulga 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 Mulga is 24% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Mulga, AL
BedroomsFY 2027Change90–110% range
Studio$1,040+19.5%$936–$1,144
1BR$1,110+13.3%$999–$1,221
2BR$1,210+13.1%$1,089–$1,331
3BR$1,520+13.4%$1,368–$1,672
4BR$1,710+12.5%$1,539–$1,881

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Mulga, AL
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,040$1,110$1,210$1,520$1,710
FY 2026$870$980$1,070$1,340$1,520
FY 2025$890$1,000$1,130$1,420$1,580
FY 2024$830$940$1,050$1,320$1,480
FY 2023$720$780$890$1,140$1,240

Questions about Mulga, AL rents

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

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,210, that basic range is $1,089 to $1,331 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 Mulga, AL in?

Mulga, 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 Mulga, AL for FY 2027?

The two-bedroom FMR rose 13.1%, from $1,070 in FY 2026 to $1,210 in FY 2027. Since FY 2023 it has risen 36.0%.

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