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Elmore County/Rutledge/36071

36071

ZIPSAFMR
Elmore County, AL
Zillow

ZIP Investment Score

73Below average

095130300
BRFMR
Eff. Rent
0 BR$710$710
1 BR$720$720
2 BR$940$940
3 BR$1,120$1,120
4 BR$1,240$1,240
5 BR$1,426Not available
6 BR$1,640Not available
7 BR$1,886Not available
8 BR$2,169Not available

Purchase Price Calculator

Maximum purchase price
$77,767

Cost breakdown

+Likely effective rent$940
HUD FMRUsed$940
Market rentN/A
Est. payment standardN/A
-Principal and interest-$393
Loan amount$62,214
Down payment$15,553
Rate6.50%
Term30 years
-Operating costs-$347
Property taxes-$78
Insurance-$175
Utilities$0
HOA$0
Management-$94
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$15,409(99.1% ROI)
Projected value
$83,747
Return breakdown
Property appreciation+$5,980
Loan principal paid down+$2,229
Rental cash flow+$7,200
5-year hold
+$26,194(168.4% ROI)
Projected value
$87,986
Return breakdown
Property appreciation+$10,219
Loan principal paid down+$3,975
Rental cash flow+$12,000
10-year hold
+$55,253(355.2% ROI)
Projected value
$99,548
Return breakdown
Property appreciation+$21,781
Loan principal paid down+$9,471
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 36071 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 36071 (Rutledge, AL) is $940 a month. That is up 17.5% from $800 in FY 2026. Rutledge 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, 36071 has the 27th-highest two-bedroom rent (county range $920–$1,630). The median county two-bedroom FMR in Alabama is $975, so ZIP 36071 is 4% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 36071
BedroomsFY 2027Change90–110% range
Studio$710+16.4%$639–$781
1BR$720+14.3%$648–$792
2BR$940+17.5%$846–$1,034
3BR$1,120+16.7%$1,008–$1,232
4BR$1,240+17.0%$1,116–$1,364

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 36071
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$710$720$940$1,120$1,240
FY 2026$610$630$800$960$1,060
FY 2025$600$690$810$980$1,070
FY 2024area FMR$836$913$1,092$1,383$1,753
FY 2023area FMR$716$817$977$1,241$1,595

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

Two-bedroom rent in nearby Elmore County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 36071
36052$1,300+38.3%
36053$1,100+17.0%
36054$1,130+20.2%
36064$1,630+73.4%
36066$1,410+50.0%
36069$980+4.3%
36071Current$940—
36075$1,240+31.9%
36078$1,020+8.5%
36079$1,120+19.1%
36080$1,150+22.3%
36081$1,070+13.8%

Questions about ZIP 36071 rents

How much will Section 8 pay for a two-bedroom in ZIP 36071?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $940, that basic range is $846 to $1,034 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 36071 in?

ZIP 36071 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 36071 for FY 2027?

The two-bedroom FMR rose 17.5%, from $800 in FY 2026 to $940 in FY 2027. Since FY 2025 it has risen 16.0%.

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