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Elmore County/Titus/36080

36080

ZIPSAFMR
Elmore County, AL
Zillow

ZIP Investment Score

53Below average

095130300
BRFMR
Eff. Rent
0 BR$990$990
1 BR$1,000$1,000
2 BR$1,150$1,150
3 BR$1,480$1,480
4 BR$1,710$1,710
5 BR$1,966Not available
6 BR$2,261Not available
7 BR$2,601Not available
8 BR$2,991Not available

Purchase Price Calculator

Maximum purchase price
$108,973

Cost breakdown

+Likely effective rent$1,150
HUD FMRUsed$1,150
Market rentN/A
Est. payment standardN/A
-Principal and interest-$551
Loan amount$87,178
Down payment$21,795
Rate6.50%
Term30 years
-Operating costs-$399
Property taxes-$109
Insurance-$175
Utilities$0
HOA$0
Management-$115
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$18,702(85.8% ROI)
Projected value
$117,352
Return breakdown
Property appreciation+$8,379
Loan principal paid down+$3,123
Rental cash flow+$7,200
5-year hold
+$31,890(146.3% ROI)
Projected value
$123,293
Return breakdown
Property appreciation+$14,320
Loan principal paid down+$5,570
Rental cash flow+$12,000
10-year hold
+$67,794(311.1% ROI)
Projected value
$139,495
Return breakdown
Property appreciation+$30,522
Loan principal paid down+$13,272
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 36080 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 36080 (Titus, AL) is $1,150 a month. That is up 15.0% from $1,000 in FY 2026. Titus 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, 36080 has the 6th-highest two-bedroom rent (county range $920–$1,630). The median county two-bedroom FMR in Alabama is $975, so ZIP 36080 is 18% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 36080
BedroomsFY 2027Change90–110% range
Studio$990+16.5%$891–$1,089
1BR$1,000+16.3%$900–$1,100
2BR$1,150+15.0%$1,035–$1,265
3BR$1,480+15.6%$1,332–$1,628
4BR$1,710+13.2%$1,539–$1,881

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 36080
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$990$1,000$1,150$1,480$1,710
FY 2026$850$860$1,000$1,280$1,510
FY 2025$760$830$990$1,250$1,580
FY 2024$790$860$1,030$1,300$1,640
FY 2023$670$770$920$1,160$1,490

Two-bedroom rent in nearby Elmore County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 36080
36064$1,630+41.7%
36066$1,410+22.6%
36069$980−14.8%
36071$940−18.3%
36075$1,240+7.8%
36078$1,020−11.3%
36079$1,120−2.6%
36080Current$1,150—
36081$1,070−7.0%
36091$920−20.0%
36092$1,090−5.2%
36093$990−13.9%

Questions about ZIP 36080 rents

How much will Section 8 pay for a two-bedroom in ZIP 36080?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,150, that basic range is $1,035 to $1,265 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 36080 in?

ZIP 36080 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 36080 for FY 2027?

The two-bedroom FMR rose 15.0%, from $1,000 in FY 2026 to $1,150 in FY 2027. Since FY 2023 it has risen 25.0%.

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