Skip to main content
Loading page

Tanner, AL

CitySAFMR
Limestone County
Found 1 ZIP

City Median Investment Score

76Below average

095130300
BRFMR
Eff. Rent
0 BR$930$1,020
1 BR$1,030$1,130
2 BR$1,180$1,290
3 BR$1,530$1,480
4 BR$1,900$1,600
5 BR$2,185Not available
6 BR$2,513Not available
7 BR$2,890Not available
8 BR$3,323Not available

Purchase Price Calculator

Maximum purchase price
$129,777

Cost breakdown

+Likely effective rent$1,290
HUD FMR$1,180
Market rent$1,350
Est. payment standard (109%)Used$1,290
-Principal and interest-$656
Loan amount$103,822
Down payment$25,955
Rate6.50%
Term30 years
-Operating costs-$434
Property taxes-$130
Insurance-$175
Utilities$0
HOA$0
Management-$129
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$20,898(80.5% ROI)
Projected value
$139,756
Return breakdown
Property appreciation+$9,979
Loan principal paid down+$3,720
Rental cash flow+$7,200
5-year hold
+$35,687(137.5% ROI)
Projected value
$146,831
Return breakdown
Property appreciation+$17,054
Loan principal paid down+$6,633
Rental cash flow+$12,000
10-year hold
+$76,154(293.4% ROI)
Projected value
$166,126
Return breakdown
Property appreciation+$36,349
Loan principal paid down+$15,806
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

Studio
0.72
1 BR
0.84
2 BR
0.87
3 BR
1.03
4 BR
1.19
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

Tanner, AL fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Tanner, AL is $1,180 a month. That is down 7.8% from $1,280 in FY 2026. Tanner is in the Huntsville, AL MSA. 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 $1,341. The median county two-bedroom FMR in Alabama is $975, so Tanner is 21% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Tanner, AL
BedroomsFY 2027Change90–110% range
Studio$930−7.9%$837–$1,023
1BR$1,030−6.4%$927–$1,133
2BR$1,180−7.8%$1,062–$1,298
3BR$1,530−7.8%$1,377–$1,683
4BR$1,900−7.8%$1,710–$2,090

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Tanner, AL
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$930$1,030$1,180$1,530$1,900
FY 2026$1,010$1,100$1,280$1,660$2,060
FY 2025$920$1,090$1,270$1,650$1,980
FY 2024$1,020$1,210$1,410$1,830$2,190
FY 2023$730$860$1,020$1,340$1,600

Questions about Tanner, AL rents

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

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,341, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,207 to $1,475 a month; under the ZIP-level Small Area FMR of $1,180 it would be $1,062 to $1,298. 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 Tanner, AL in?

Tanner, AL is in the Huntsville, AL MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,341.

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

The two-bedroom FMR fell 7.8%, from $1,280 in FY 2026 to $1,180 in FY 2027. Since FY 2023 it has risen 15.7%.

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