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Crenshaw County/Luverne/36049

36049

ZIPSAFMR
Crenshaw County, AL
Zillow

ZIP Investment Score

96Above average

095130300
BRFMR
Eff. Rent
0 BR$700$700
1 BR$700$700
2 BR$920$920
3 BR$1,100$1,100
4 BR$1,210$1,210
5 BR$1,392Not available
6 BR$1,600Not available
7 BR$1,840Not available
8 BR$2,116Not available

Purchase Price Calculator

Maximum purchase price
$74,795

Cost breakdown

+Likely effective rent$920
HUD FMRUsed$920
Market rentN/A
Est. payment standardN/A
-Principal and interest-$378
Loan amount$59,836
Down payment$14,959
Rate6.50%
Term30 years
-Operating costs-$342
Property taxes-$75
Insurance-$175
Utilities$0
HOA$0
Management-$92
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$15,095(100.9% ROI)
Projected value
$80,546
Return breakdown
Property appreciation+$5,751
Loan principal paid down+$2,144
Rental cash flow+$7,200
5-year hold
+$25,652(171.5% ROI)
Projected value
$84,624
Return breakdown
Property appreciation+$9,829
Loan principal paid down+$3,823
Rental cash flow+$12,000
10-year hold
+$54,058(361.4% ROI)
Projected value
$95,744
Return breakdown
Property appreciation+$20,949
Loan principal paid down+$9,109
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
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Tax rate
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Mortgage rate
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ZIP 36049 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 36049 (Luverne, AL) is $920 a month. That is up 2.2% from $900 in FY 2026. Luverne is in the Crenshaw County, AL non-metropolitan 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 county-wide two-bedroom FMR of $921. Among 5 ZIP codes in Crenshaw County, 36049 is tied for the 4th-highest two-bedroom rent (county range $920–$1,010). The median county two-bedroom FMR in Alabama is $975, so ZIP 36049 is 6% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 36049
BedroomsFY 2027Change90–110% range
Studio$700+2.9%$630–$770
1BR$700+1.4%$630–$770
2BR$920+2.2%$828–$1,012
3BR$1,100+1.9%$990–$1,210
4BR$1,210+0.8%$1,089–$1,331

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 36049
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$700$700$920$1,100$1,210
FY 2026$680$690$900$1,080$1,200
FY 2025$750$760$1,000$1,200$1,330
FY 2024area FMR$642$652$857$1,036$1,141
FY 2023area FMR$560$562$740$901$994

Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.

Two-bedroom rent in nearby Crenshaw County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 36049
36009$1,010+9.8%
36028$9200.0%
36034$930+1.1%
36041$950+3.3%
36049Current$920—

Questions about ZIP 36049 rents

How much will Section 8 pay for a two-bedroom in ZIP 36049?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $921, which applies unless the housing authority uses Small Area FMRs, that basic range is $829 to $1,013 a month; under the ZIP-level Small Area FMR of $920 it would be $828 to $1,012. 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 36049 in?

ZIP 36049 is in the Crenshaw County, AL non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $921.

How much did fair market rent change in ZIP 36049 for FY 2027?

The two-bedroom FMR rose 2.2%, from $900 in FY 2026 to $920 in FY 2027. Since FY 2025 it has fallen 8.0%.

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