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Elmore County/Elmore/36025

36025

ZIPSAFMR
Elmore County, AL
Zillow

ZIP Investment Score

129Above average

095130300
BRFMR
Eff. Rent
0 BR$1,020$1,100
1 BR$1,040$1,100
2 BR$1,190$1,240
3 BR$1,530$1,540
4 BR$1,770$1,880
5 BR$2,035Not available
6 BR$2,341Not available
7 BR$2,692Not available
8 BR$3,096Not available

Purchase Price Calculator

Maximum purchase price
$122,347

Cost breakdown

+Likely effective rent$1,240
HUD FMR$1,190
Market rent$1,260
Est. payment standard (104%)Used$1,240
-Principal and interest-$619
Loan amount$97,878
Down payment$24,469
Rate6.50%
Term30 years
-Operating costs-$421
Property taxes-$122
Insurance-$175
Utilities$0
HOA$0
Management-$124
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$20,114(82.2% ROI)
Projected value
$131,754
Return breakdown
Property appreciation+$9,407
Loan principal paid down+$3,507
Rental cash flow+$7,200
5-year hold
+$34,331(140.3% ROI)
Projected value
$138,424
Return breakdown
Property appreciation+$16,077
Loan principal paid down+$6,253
Rental cash flow+$12,000
10-year hold
+$73,168(299.0% ROI)
Projected value
$156,615
Return breakdown
Property appreciation+$34,268
Loan principal paid down+$14,901
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.89
1 BR
0.92
2 BR
0.94
3 BR
0.99
4 BR
0.91
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 36025 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 36025 (Elmore, AL) is $1,190 a month. That is up 10.2% from $1,080 in FY 2026. Elmore is in the Montgomery, AL MSA, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. Among 32 ZIP codes in Elmore County, 36025 has the 5th-highest two-bedroom rent (county range $920–$1,630). The median county two-bedroom FMR in Alabama is $975, so ZIP 36025 is 22% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 36025
BedroomsFY 2027Change90–110% range
Studio$1,020+12.1%$918–$1,122
1BR$1,040+13.0%$936–$1,144
2BR$1,190+10.2%$1,071–$1,309
3BR$1,530+10.1%$1,377–$1,683
4BR$1,770+8.6%$1,593–$1,947

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 36025
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,020$1,040$1,190$1,530$1,770
FY 2026$910$920$1,080$1,390$1,630
FY 2025$880$930$1,100$1,400$1,740
FY 2024$900$980$1,170$1,480$1,880
FY 2023$760$860$1,030$1,310$1,680

Two-bedroom rent in nearby Elmore County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 36025
36020$1,030−13.4%
36022$1,070−10.1%
36024$920−22.7%
36025Current$1,190—
36030$960−19.3%
36032$920−22.7%
36033$920−22.7%
36035$1,050−11.8%
36036$1,120−5.9%
36037$970−18.5%
36039$1,060−10.9%
36042$950−20.2%

Questions about ZIP 36025 rents

How much will Section 8 pay for a two-bedroom in ZIP 36025?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,190, that basic range is $1,071 to $1,309 a month. 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 36025 in?

ZIP 36025 is in the Montgomery, AL MSA. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.

How much did fair market rent change in ZIP 36025 for FY 2027?

The two-bedroom FMR rose 10.2%, from $1,080 in FY 2026 to $1,190 in FY 2027. Since FY 2023 it has risen 15.5%.

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