Skip to main content
Loading page
Elmore County/Pike Road/36064

36064

ZIPSAFMR
Elmore County, AL
Zillow

ZIP Investment Score

83Below average

095130300
BRFMR
Eff. Rent
0 BR$1,400$1,540
1 BR$1,420$1,560
2 BR$1,630$1,660
3 BR$2,090$1,930
4 BR$2,420$2,310
5 BR$2,783Not available
6 BR$3,200Not available
7 BR$3,681Not available
8 BR$4,233Not available

Purchase Price Calculator

Maximum purchase price
$184,759

Cost breakdown

+Likely effective rent$1,660
HUD FMR$1,630
Market rent$1,670
Est. payment standard (102%)Used$1,660
-Principal and interest-$934
Loan amount$147,807
Down payment$36,952
Rate6.50%
Term30 years
-Operating costs-$526
Property taxes-$185
Insurance-$175
Utilities$0
HOA$0
Management-$166
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$26,702(72.3% ROI)
Projected value
$198,965
Return breakdown
Property appreciation+$14,206
Loan principal paid down+$5,296
Rental cash flow+$7,200
5-year hold
+$45,722(123.7% ROI)
Projected value
$209,038
Return breakdown
Property appreciation+$24,279
Loan principal paid down+$9,443
Rental cash flow+$12,000
10-year hold
+$98,250(265.9% ROI)
Projected value
$236,507
Return breakdown
Property appreciation+$51,748
Loan principal paid down+$22,502
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

Studio
0.78
1 BR
0.82
2 BR
0.98
3 BR
1.08
4 BR
1.05
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 36064 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 36064 (Pike Road, AL) is $1,630 a month. That is up 13.2% from $1,440 in FY 2026. Pike Road 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, 36064 has the highest two-bedroom rent (county range $920–$1,630). The median county two-bedroom FMR in Alabama is $975, so ZIP 36064 is 67% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 36064
BedroomsFY 2027Change90–110% range
Studio$1,400+14.8%$1,260–$1,540
1BR$1,420+15.4%$1,278–$1,562
2BR$1,630+13.2%$1,467–$1,793
3BR$2,090+13.0%$1,881–$2,299
4BR$2,420+10.5%$2,178–$2,662

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 36064
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,400$1,420$1,630$2,090$2,420
FY 2026$1,220$1,230$1,440$1,850$2,190
FY 2025$1,240$1,300$1,540$1,960$2,430
FY 2024$1,230$1,350$1,610$2,040$2,580
FY 2023$1,000$1,150$1,370$1,740$2,240

Two-bedroom rent in nearby Elmore County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 36064
36048$920−43.6%
36051$1,130−30.7%
36052$1,300−20.2%
36053$1,100−32.5%
36054$1,130−30.7%
36064Current$1,630—
36066$1,410−13.5%
36069$980−39.9%
36071$940−42.3%
36075$1,240−23.9%
36078$1,020−37.4%
36079$1,120−31.3%

Questions about ZIP 36064 rents

How much will Section 8 pay for a two-bedroom in ZIP 36064?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,630, that basic range is $1,467 to $1,793 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 36064 in?

ZIP 36064 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 36064 for FY 2027?

The two-bedroom FMR rose 13.2%, from $1,440 in FY 2026 to $1,630 in FY 2027. Since FY 2023 it has risen 19.0%.

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