FMR is below market; voucher rent may lag private rents.
0.63
1 BR
1 BR
0.86ratio
FMR$820
Market$950
vs market-$130
FMR is below market; voucher rent may lag private rents.
0.86
2 BR
2 BR
0.88ratio
FMR$1,070
Market$1,220
vs market-$150
FMR is below market; voucher rent may lag private rents.
0.88
3 BR
3 BR
0.88ratio
FMR$1,330
Market$1,510
vs market-$180
FMR is below market; voucher rent may lag private rents.
0.88
4 BR
4 BR
0.81ratio
FMR$1,410
Market$1,740
vs market-$330
FMR is below market; voucher rent may lag private rents.
0.81
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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ZIP 35631 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 35631 (Florence, AL) is $1,070 a month. That is up 9.2% from $980 in FY 2026. Florence is in the Florence-Muscle Shoals, 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 $1,085. Among 21 ZIP codes in Lauderdale County, 35631 is tied for the 11th-highest two-bedroom rent (county range $920–$1,260). The median county two-bedroom FMR in Alabama is $975, so ZIP 35631 is 10% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 35631
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$680
$750
+10.3%
$675–$825
1BR
$760
$820
+7.9%
$738–$902
2BR
$980
$1,070
+9.2%
$963–$1,177
3BR
$1,220
$1,330
+9.0%
$1,197–$1,463
4BR
$1,380
$1,410
+2.2%
$1,269–$1,551
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 35631
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$750
$820
$1,070
$1,330
$1,410
FY 2026
$680
$760
$980
$1,220
$1,380
FY 2025
$660
$720
$950
$1,170
$1,390
FY 2024
$650
$700
$920
$1,130
$1,390
FY 2023
$570
$610
$800
$990
$1,230
Two-bedroom rent in nearby Lauderdale County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 35631?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,085, which applies unless the housing authority uses Small Area FMRs, that basic range is $977 to $1,194 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 ZIP 35631 in?
ZIP 35631 is in the Florence-Muscle Shoals, AL MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,085.
How much did fair market rent change in ZIP 35631 for FY 2027?
The two-bedroom FMR rose 9.2%, from $980 in FY 2026 to $1,070 in FY 2027. Since FY 2023 it has risen 33.8%.
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