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Bullock County/Union Springs/36089

36089

ZIPSAFMR
Bullock County, AL
Zillow

ZIP Investment Score

129Above average

095130300
BRFMR
Eff. Rent
0 BR$720$720
1 BR$840$840
2 BR$920$920
3 BR$1,100$1,100
4 BR$1,370$1,370
5 BR$1,575Not available
6 BR$1,812Not available
7 BR$2,084Not available
8 BR$2,396Not available

Purchase Price Calculator

Maximum purchase price
$74,795

Cost breakdown

+Likely effective rent$920
HUD FMRUsed$920
Market rentN/A
Est. payment standardN/A
-Principal and interest-$378
Loan amount$59,836
Down payment$14,959
Rate6.50%
Term30 years
-Operating costs-$342
Property taxes-$75
Insurance-$175
Utilities$0
HOA$0
Management-$92
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$15,095(100.9% ROI)
Projected value
$80,546
Return breakdown
Property appreciation+$5,751
Loan principal paid down+$2,144
Rental cash flow+$7,200
5-year hold
+$25,652(171.5% ROI)
Projected value
$84,624
Return breakdown
Property appreciation+$9,829
Loan principal paid down+$3,823
Rental cash flow+$12,000
10-year hold
+$54,058(361.4% ROI)
Projected value
$95,744
Return breakdown
Property appreciation+$20,949
Loan principal paid down+$9,109
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 36089 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 36089 (Union Springs, AL) is $920 a month. That is up 16.5% from $790 in FY 2026. Union Springs is in the Bullock County, AL non-metropolitan FMR area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the county-wide two-bedroom FMR of $921. Among 2 ZIP codes in Bullock County, 36089 has the 2nd-highest two-bedroom rent (county range $920–$1,000). The median county two-bedroom FMR in Alabama is $975, so ZIP 36089 is 6% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 36089
BedroomsFY 2027Change90–110% range
Studio$720+24.1%$648–$792
1BR$840+18.3%$756–$924
2BR$920+16.5%$828–$1,012
3BR$1,100+17.0%$990–$1,210
4BR$1,370+4.6%$1,233–$1,507

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 36089
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$720$840$920$1,100$1,370
FY 2026$580$710$790$940$1,310
FY 2025$610$700$810$1,020$1,380
FY 2024area FMR$642$666$857$1,130$1,283
FY 2023area FMR$620$631$820$999$1,229

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

Two-bedroom rent in nearby Bullock County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 36089
36029$1,000+8.7%
36089Current$920—

Questions about ZIP 36089 rents

How much will Section 8 pay for a two-bedroom in ZIP 36089?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $921, which applies unless the housing authority uses Small Area FMRs, that basic range is $829 to $1,013 a month; under the ZIP-level Small Area FMR of $920 it would be $828 to $1,012. 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 36089 in?

ZIP 36089 is in the Bullock County, AL non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $921.

How much did fair market rent change in ZIP 36089 for FY 2027?

The two-bedroom FMR rose 16.5%, from $790 in FY 2026 to $920 in FY 2027. Since FY 2025 it has risen 13.6%.

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