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Elmore County/Ramer/36069

36069

ZIPSAFMR
Elmore County, AL
Zillow

ZIP Investment Score

102Above average

095130300
BRFMR
Eff. Rent
0 BR$820$820
1 BR$840$840
2 BR$980$980
3 BR$1,240$1,240
4 BR$1,440$1,440
5 BR$1,656Not available
6 BR$1,904Not available
7 BR$2,190Not available
8 BR$2,519Not available

Purchase Price Calculator

Maximum purchase price
$83,711

Cost breakdown

+Likely effective rent$980
HUD FMRUsed$980
Market rentN/A
Est. payment standardN/A
-Principal and interest-$423
Loan amount$66,969
Down payment$16,742
Rate6.50%
Term30 years
-Operating costs-$357
Property taxes-$84
Insurance-$175
Utilities$0
HOA$0
Management-$98
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$16,036(95.8% ROI)
Projected value
$90,148
Return breakdown
Property appreciation+$6,437
Loan principal paid down+$2,399
Rental cash flow+$7,200
5-year hold
+$27,279(162.9% ROI)
Projected value
$94,711
Return breakdown
Property appreciation+$11,000
Loan principal paid down+$4,279
Rental cash flow+$12,000
10-year hold
+$57,641(344.3% ROI)
Projected value
$107,157
Return breakdown
Property appreciation+$23,446
Loan principal paid down+$10,195
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
--
Mortgage rate
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ZIP 36069 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 36069 (Ramer, AL) is $980 a month. That is up 8.9% from $900 in FY 2026. Ramer 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, 36069 has the 22nd-highest two-bedroom rent (county range $920–$1,630).

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 36069
BedroomsFY 2027Change90–110% range
Studio$820+15.5%$738–$902
1BR$840+12.0%$756–$924
2BR$980+8.9%$882–$1,078
3BR$1,240+9.7%$1,116–$1,364
4BR$1,440+0.7%$1,296–$1,584

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 36069
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$820$840$980$1,240$1,440
FY 2026$710$750$900$1,130$1,430
FY 2025$760$830$1,000$1,250$1,580
FY 2024$710$780$930$1,180$1,490
FY 2023$580$690$830$1,050$1,350

Two-bedroom rent in nearby Elmore County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 36069
36052$1,300+32.7%
36053$1,100+12.2%
36054$1,130+15.3%
36064$1,630+66.3%
36066$1,410+43.9%
36069Current$980—
36071$940−4.1%
36075$1,240+26.5%
36078$1,020+4.1%
36079$1,120+14.3%
36080$1,150+17.3%
36081$1,070+9.2%

Questions about ZIP 36069 rents

How much will Section 8 pay for a two-bedroom in ZIP 36069?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $980, that basic range is $882 to $1,078 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 36069 in?

ZIP 36069 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 36069 for FY 2027?

The two-bedroom FMR rose 8.9%, from $900 in FY 2026 to $980 in FY 2027. Since FY 2023 it has risen 18.1%.

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