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Elmore County/Troy/36079

36079

ZIPSAFMR
Elmore County, AL
Zillow

ZIP Investment Score

87Below average

095130300
BRFMR
Eff. Rent
0 BR$850$940
1 BR$860$870
2 BR$1,120$1,070
3 BR$1,350$1,460
4 BR$1,590$1,570
5 BR$1,828Not available
6 BR$2,103Not available
7 BR$2,418Not available
8 BR$2,781Not available

Purchase Price Calculator

Maximum purchase price
$97,085

Cost breakdown

+Likely effective rent$1,070
HUD FMR$1,120
Market rentUsed$1,070
Est. payment standard (97%)$1,090
-Principal and interest-$491
Loan amount$77,668
Down payment$19,417
Rate6.50%
Term30 years
-Operating costs-$379
Property taxes-$97
Insurance-$175
Utilities$0
HOA$0
Management-$107
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$17,448(89.9% ROI)
Projected value
$104,550
Return breakdown
Property appreciation+$7,465
Loan principal paid down+$2,783
Rental cash flow+$7,200
5-year hold
+$29,720(153.1% ROI)
Projected value
$109,843
Return breakdown
Property appreciation+$12,758
Loan principal paid down+$4,962
Rental cash flow+$12,000
10-year hold
+$63,016(324.5% ROI)
Projected value
$124,277
Return breakdown
Property appreciation+$27,192
Loan principal paid down+$11,824
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.83
1 BR
0.98
2 BR
1.05
3 BR
0.89
4 BR
1.01
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 36079 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 36079 (Troy, AL) is $1,120 a month. That is up 13.1% from $990 in FY 2026. Troy 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, 36079 is tied for the 9th-highest two-bedroom rent (county range $920–$1,630). The median county two-bedroom FMR in Alabama is $975, so ZIP 36079 is 15% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 36079
BedroomsFY 2027Change90–110% range
Studio$850+14.9%$765–$935
1BR$860+13.2%$774–$946
2BR$1,120+13.1%$1,008–$1,232
3BR$1,350+12.5%$1,215–$1,485
4BR$1,590+19.5%$1,431–$1,749

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 36079
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$850$860$1,120$1,350$1,590
FY 2026$740$760$990$1,200$1,330
FY 2025$790$810$1,060$1,290$1,420
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. 36079
36064$1,630+45.5%
36066$1,410+25.9%
36069$980−12.5%
36071$940−16.1%
36075$1,240+10.7%
36078$1,020−8.9%
36079Current$1,120—
36080$1,150+2.7%
36081$1,070−4.5%
36091$920−17.9%
36092$1,090−2.7%
36093$990−11.6%

Questions about ZIP 36079 rents

How much will Section 8 pay for a two-bedroom in ZIP 36079?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,120, that basic range is $1,008 to $1,232 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 36079 in?

ZIP 36079 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 36079 for FY 2027?

The two-bedroom FMR rose 13.1%, from $990 in FY 2026 to $1,120 in FY 2027. Since FY 2025 it has risen 5.7%.

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