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Lauderdale County/Florence/35633

35633

ZIPSAFMR
Lauderdale County, AL
Zillow

ZIP Investment Score

112Above average

095130300
BRFMR
Eff. Rent
0 BR$750$830
1 BR$820$890
2 BR$1,070$1,060
3 BR$1,330$1,460
4 BR$1,410$1,550
5 BR$1,621Not available
6 BR$1,865Not available
7 BR$2,144Not available
8 BR$2,466Not available

Purchase Price Calculator

Maximum purchase price
$95,599

Cost breakdown

+Likely effective rent$1,060
HUD FMR$1,070
Market rentUsed$1,060
Est. payment standard (99%)$1,060
-Principal and interest-$483
Loan amount$76,479
Down payment$19,120
Rate6.50%
Term30 years
-Operating costs-$377
Property taxes-$96
Insurance-$175
Utilities$0
HOA$0
Management-$106
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$17,291(90.4% ROI)
Projected value
$102,950
Return breakdown
Property appreciation+$7,351
Loan principal paid down+$2,740
Rental cash flow+$7,200
5-year hold
+$29,449(154.0% ROI)
Projected value
$108,162
Return breakdown
Property appreciation+$12,563
Loan principal paid down+$4,886
Rental cash flow+$12,000
10-year hold
+$62,419(326.5% ROI)
Projected value
$122,375
Return breakdown
Property appreciation+$26,776
Loan principal paid down+$11,643
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.55
1 BR
0.89
2 BR
1.01
3 BR
0.84
4 BR
0.87
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 35633 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 35633 (Florence, AL) is $1,070 a month. That is up 8.1% from $990 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, 35633 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 35633 is 10% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 35633
BedroomsFY 2027Change90–110% range
Studio$750+8.7%$675–$825
1BR$820+6.5%$738–$902
2BR$1,070+8.1%$963–$1,177
3BR$1,330+8.1%$1,197–$1,463
4BR$1,410+0.7%$1,269–$1,551

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 35633
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$750$820$1,070$1,330$1,410
FY 2026$690$770$990$1,230$1,400
FY 2025$710$790$1,030$1,260$1,500
FY 2024$710$770$1,010$1,240$1,530
FY 2023$660$710$930$1,150$1,430

Two-bedroom rent in nearby Lauderdale County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 35633
35614$1,180+10.3%
35621$1,110+3.7%
35622$1,050−1.9%
35630$1,130+5.6%
35631$1,0700.0%
35632$1,130+5.6%
35633Current$1,070—
35634$1,170+9.3%
35643$920−14.0%
35645$1,260+17.8%
35648$920−14.0%
35651$920−14.0%

Questions about ZIP 35633 rents

How much will Section 8 pay for a two-bedroom in ZIP 35633?

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 35633 in?

ZIP 35633 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 35633 for FY 2027?

The two-bedroom FMR rose 8.1%, from $990 in FY 2026 to $1,070 in FY 2027. Since FY 2023 it has risen 15.1%.

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

County fair market rentFlorence, AL fair market rentAL statewide rentsWhat is SAFMR?Data sources