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Elmore County/Prattville/36066

36066

ZIPSAFMR
Elmore County, AL
Zillow

ZIP Investment Score

96Above average

095130300
BRFMR
Eff. Rent
0 BR$1,210$1,180
1 BR$1,230$1,090
2 BR$1,410$1,360
3 BR$1,810$1,710
4 BR$2,090$2,170
5 BR$2,404Not available
6 BR$2,764Not available
7 BR$3,179Not available
8 BR$3,655Not available

Purchase Price Calculator

Maximum purchase price
$140,179

Cost breakdown

+Likely effective rent$1,360
HUD FMR$1,410
Market rentUsed$1,360
Est. payment standard (98%)$1,380
-Principal and interest-$709
Loan amount$112,143
Down payment$28,036
Rate6.50%
Term30 years
-Operating costs-$451
Property taxes-$140
Insurance-$175
Utilities$0
HOA$0
Management-$136
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$21,996(78.5% ROI)
Projected value
$150,957
Return breakdown
Property appreciation+$10,778
Loan principal paid down+$4,018
Rental cash flow+$7,200
5-year hold
+$37,586(134.1% ROI)
Projected value
$158,600
Return breakdown
Property appreciation+$18,421
Loan principal paid down+$7,165
Rental cash flow+$12,000
10-year hold
+$80,334(286.5% ROI)
Projected value
$179,441
Return breakdown
Property appreciation+$39,262
Loan principal paid down+$17,073
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.03
1 BR
1.13
2 BR
1.04
3 BR
1.06
4 BR
0.94
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 36066 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 36066 (Prattville, AL) is $1,410 a month. That is up 13.7% from $1,240 in FY 2026. Prattville 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, 36066 has the 2nd-highest two-bedroom rent (county range $920–$1,630). The median county two-bedroom FMR in Alabama is $975, so ZIP 36066 is 45% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 36066
BedroomsFY 2027Change90–110% range
Studio$1,210+15.2%$1,089–$1,331
1BR$1,230+16.0%$1,107–$1,353
2BR$1,410+13.7%$1,269–$1,551
3BR$1,810+13.8%$1,629–$1,991
4BR$2,090+11.2%$1,881–$2,299

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 36066
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,210$1,230$1,410$1,810$2,090
FY 2026$1,050$1,060$1,240$1,590$1,880
FY 2025$1,040$1,090$1,290$1,640$2,040
FY 2024$1,020$1,110$1,330$1,680$2,140
FY 2023$880$1,000$1,200$1,520$1,960

Two-bedroom rent in nearby Elmore County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 36066
36051$1,130−19.9%
36052$1,300−7.8%
36053$1,100−22.0%
36054$1,130−19.9%
36064$1,630+15.6%
36066Current$1,410—
36069$980−30.5%
36071$940−33.3%
36075$1,240−12.1%
36078$1,020−27.7%
36079$1,120−20.6%
36080$1,150−18.4%

Questions about ZIP 36066 rents

How much will Section 8 pay for a two-bedroom in ZIP 36066?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,410, that basic range is $1,269 to $1,551 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 36066 in?

ZIP 36066 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 36066 for FY 2027?

The two-bedroom FMR rose 13.7%, from $1,240 in FY 2026 to $1,410 in FY 2027. Since FY 2023 it has risen 17.5%.

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