FMR is near market; voucher and private rents are aligned.
1.00
1 BR
1 BR- 36854
1.28ratio
FMR$1,150
Market$900
vs market+$250
FMR is above market; underwrite to market rent.
1.28
2 BR
2 BR- 36854
1.27ratio
FMR$1,280
Market$1,010
vs market+$270
FMR is above market; underwrite to market rent.
1.27
3 BR
3 BR- 36854
1.25ratio
FMR$1,630
Market$1,300
vs market+$330
FMR is above market; underwrite to market rent.
1.25
4 BR
4 BR- 36854
1.17ratio
FMR$1,710
Market$1,460
vs market+$250
FMR is above market; underwrite to market rent.
1.17
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
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Valley, AL fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Valley, AL is $1,280 a month. That is up 10.3% from $1,160 in FY 2026. Valley is in the Auburn-Opelika, 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 $1,277. The median county two-bedroom FMR in Alabama is $975, so Valley is 31% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Valley, AL
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$810
$900
+11.1%
$810–$990
1BR
$930
$1,150
+23.7%
$1,035–$1,265
2BR
$1,160
$1,280
+10.3%
$1,152–$1,408
3BR
$1,470
$1,630
+10.9%
$1,467–$1,793
4BR
$1,570
$1,710
+8.9%
$1,539–$1,881
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Valley, AL
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$900
$1,150
$1,280
$1,630
$1,710
FY 2026
$810
$930
$1,160
$1,470
$1,570
FY 2025
$790
$890
$1,130
$1,410
$1,520
FY 2024
$770
$870
$1,060
$1,430
$1,560
FY 2023
$680
$730
$940
$1,260
$1,320
Questions about Valley, AL rents
How much will Section 8 pay for a two-bedroom in Valley, AL?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,277, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,149 to $1,405 a month; under the ZIP-level Small Area FMR of $1,280 it would be $1,152 to $1,408. 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 Valley, AL in?
Valley, AL is in the Auburn-Opelika, AL HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,277.
How much did fair market rent change in Valley, AL for FY 2027?
The two-bedroom FMR rose 10.3%, from $1,160 in FY 2026 to $1,280 in FY 2027. Since FY 2023 it has risen 36.2%.
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