Not enough rental comps in this area to determine how FMR aligns with current market rates.
Historical
FY 2023-2027
FMR
FY2027
Property value
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Tax rate
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Mortgage rate
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Red Bay, AL fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Red Bay, AL is $920 a month. That is up 4.5% from $880 in FY 2026. Red Bay is in the Walker County, AL HUD Metro 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 metro-wide two-bedroom FMR of $949. The median county two-bedroom FMR in Alabama is $975, so Red Bay is 6% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Red Bay, AL
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$610
$750
+23.0%
$675–$825
1BR
$700
$850
+21.4%
$765–$935
2BR
$880
$920
+4.5%
$828–$1,012
3BR
$1,080
$1,200
+11.1%
$1,080–$1,320
4BR
$1,280
$1,270
−0.8%
$1,143–$1,397
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Red Bay, AL
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$750
$850
$920
$1,200
$1,270
FY 2026
$610
$700
$880
$1,080
$1,280
FY 2025
$630
$690
$880
$1,080
$1,330
FY 2024
$690
$740
$970
$1,190
$1,470
FY 2023
$590
$640
$840
$1,040
$1,290
Questions about Red Bay, AL rents
How much will Section 8 pay for a two-bedroom in Red Bay, AL?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $949, which applies unless the housing authority uses Small Area FMRs, that basic range is $854 to $1,044 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 Red Bay, AL in?
Red Bay, AL is in the Walker County, AL HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $949.
How much did fair market rent change in Red Bay, AL for FY 2027?
The two-bedroom FMR rose 4.5%, from $880 in FY 2026 to $920 in FY 2027. Since FY 2023 it has risen 9.5%.
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