35603
ZIPSAFMR
Morgan County, AL
BRFMR
Eff. Rent
0 BR$790$870
1 BR$810$890
2 BR$1,000$1,100
3 BR$1,310$1,410
4 BR$1,610$1,770
5 BR$1,851
6 BR$2,129
7 BR$2,449
8 BR$2,816

Purchase Price Calculator

Maximum purchase price
$101,543

Cost breakdown

+Likely effective rent$1,100
HUD FMR$1,000
Market rent$1,340
Est. payment standard (110%)Used$1,100
Estimated payment standard is $1,100 (110% of FMR).
-Principal and interest-$513
Loan amount$81,234
Down payment$20,309
Rate6.50%
Term30 years
-Operating costs-$387
Property taxes-$102
Insurance-$175
Utilities$0
HOA$0
Management-$110
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$17,918(88.2% ROI)
Projected value
$109,351
Current value$101,543
Return breakdown
Property appreciation+$7,808
Loan principal paid down+$2,910
Rental cash flow+$7,200
5-year hold
+$30,534(150.3% ROI)
Projected value
$114,887
Current value$101,543
Return breakdown
Property appreciation+$13,344
Loan principal paid down+$5,190
Rental cash flow+$12,000
10-year hold
+$64,808(319.1% ROI)
Projected value
$129,984
Current value$101,543
Return breakdown
Property appreciation+$28,441
Loan principal paid down+$12,367
Rental cash flow+$24,000

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Market Alignment

FMR / market rent by bedroom; grey wings show the 90-110% payment-standard spread.

Studio
Studio
0.71ratio
FMR$790
Market$1,110
vs market-$320

FMR is below market; voucher rent may lag private rents.

90% standard$711 / 0.64 ratio110% standard$869 / 0.78 ratio
0.71
1 BR
1 BR
0.74ratio
FMR$810
Market$1,090
vs market-$280

FMR is below market; voucher rent may lag private rents.

90% standard$729 / 0.67 ratio110% standard$891 / 0.82 ratio
0.74
2 BR
2 BR
0.75ratio
FMR$1,000
Market$1,340
vs market-$340

FMR is below market; voucher rent may lag private rents.

90% standard$900 / 0.67 ratio110% standard$1,100 / 0.82 ratio
0.75
3 BR
3 BR
0.89ratio
FMR$1,310
Market$1,470
vs market-$160

FMR is below market; voucher rent may lag private rents.

90% standard$1,179 / 0.80 ratio110% standard$1,441 / 0.98 ratio
0.89
4 BR
4 BR
0.80ratio
FMR$1,610
Market$2,010
vs market-$400

FMR is below market; voucher rent may lag private rents.

90% standard$1,449 / 0.72 ratio110% standard$1,771 / 0.88 ratio
0.80
0.700.800.901.001.101.201.30aligned range

Voucher rents are below market for all bedroom sizes.

Historical
FY 2022-2026

Data freshness

FMR
FY2026
Market rent
last ~365 days
About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for 35603 (AL) for FY 2026. Fair Market Rent (FMR) is a HUD benchmark used to determine payment standards for programs like the Housing Choice Voucher (Section 8) program.

Values are shown for 0–4 bedroom units. In some metro areas HUD publishes Small Area FMR (SAFMR) at the ZIP-code level; otherwise the county/metropolitan-area FMR applies. This result is labeled SAFMR based on HUD's designation for the area and the available data.

Tip: use these numbers as a starting point and confirm local program rules (payment standards may differ from HUD's published FMR). If you're comparing neighborhoods, SAFMR ZIP ranges can highlight variation within the same county.

35603 fair market rent and Section 8 rent limits

The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 35603 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $1,000 and the 4 bedroom fair market rent is $1,610.

Use this page for searches like 35603 FMR, 35603 fair market rent, and 35603 Section 8 payment standards. Local housing authorities can set payment standards above or below published HUD FMR, so confirm program rules before underwriting a property.

FY 2026 Fair Market Rent by bedroom size for 35603
Bedroom sizeHUD FMR
Studio$790
1 bedroom$810
2 bedroom$1,000
3 bedroom$1,310
4 bedroom$1,610