FMR is below market; voucher rent may lag private rents.
0.36
1 BR
1 BR- 36879
0.47ratio
FMR$970
Market$2,070
vs market-$1,100
FMR is below market; voucher rent may lag private rents.
0.47
2 BR
2 BR- 36879
0.50ratio
FMR$1,070
Market$2,130
vs market-$1,060
FMR is below market; voucher rent may lag private rents.
0.50
3 BR
3 BR- 36879
0.63ratio
FMR$1,350
Market$2,150
vs market-$800
FMR is below market; voucher rent may lag private rents.
0.63
4 BR
4 BR- 36879
0.61ratio
FMR$1,530
Market$2,490
vs market-$960
FMR is below market; voucher rent may lag private rents.
0.61
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
--
Waverly, AL fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Waverly, AL is $1,070 a month. That is up 0.9% from $1,060 in FY 2026. Waverly 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 Waverly is 10% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Waverly, AL
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$760
$770
+1.3%
$693–$847
1BR
$910
$970
+6.6%
$873–$1,067
2BR
$1,060
$1,070
+0.9%
$963–$1,177
3BR
$1,380
$1,350
−2.2%
$1,215–$1,485
4BR
$1,470
$1,530
+4.1%
$1,377–$1,683
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Waverly, AL
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$770
$970
$1,070
$1,350
$1,530
FY 2026
$760
$910
$1,060
$1,380
$1,470
FY 2025
$740
$820
$990
$1,340
$1,460
FY 2024
$730
$830
$1,010
$1,370
$1,490
FY 2023
$670
$720
$920
$1,230
$1,290
Questions about Waverly, AL rents
How much will Section 8 pay for a two-bedroom in Waverly, 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 $1,070 it would be $963 to $1,177. 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 Waverly, AL in?
Waverly, 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 Waverly, AL for FY 2027?
The two-bedroom FMR rose 0.9%, from $1,060 in FY 2026 to $1,070 in FY 2027. Since FY 2023 it has risen 16.3%.
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