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Elmore County/Wetumpka/36093

36093

ZIPSAFMR
Elmore County, AL
Zillow

ZIP Investment Score

57Below average

095130300
BRFMR
Eff. Rent
0 BR$850$850
1 BR$860$860
2 BR$990$990
3 BR$1,270$1,270
4 BR$1,520$1,520
5 BR$1,748Not available
6 BR$2,010Not available
7 BR$2,312Not available
8 BR$2,658Not available

Purchase Price Calculator

Maximum purchase price
$85,197

Cost breakdown

+Likely effective rent$990
HUD FMRUsed$990
Market rentN/A
Est. payment standardN/A
-Principal and interest-$431
Loan amount$68,158
Down payment$17,039
Rate6.50%
Term30 years
-Operating costs-$359
Property taxes-$85
Insurance-$175
Utilities$0
HOA$0
Management-$99
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$16,193(95.0% ROI)
Projected value
$91,748
Return breakdown
Property appreciation+$6,551
Loan principal paid down+$2,442
Rental cash flow+$7,200
5-year hold
+$27,550(161.7% ROI)
Projected value
$96,393
Return breakdown
Property appreciation+$11,196
Loan principal paid down+$4,355
Rental cash flow+$12,000
10-year hold
+$58,239(341.8% ROI)
Projected value
$109,059
Return breakdown
Property appreciation+$23,862
Loan principal paid down+$10,376
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 36093 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 36093 (Wetumpka, AL) is $990 a month. That is down 5.7% from $1,050 in FY 2026. Wetumpka 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, 36093 has the 21st-highest two-bedroom rent (county range $920–$1,630). The median county two-bedroom FMR in Alabama is $975, so ZIP 36093 is 2% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 36093
BedroomsFY 2027Change90–110% range
Studio$850+4.9%$765–$935
1BR$860−2.3%$774–$946
2BR$990−5.7%$891–$1,089
3BR$1,270−3.8%$1,143–$1,397
4BR$1,520−9.5%$1,368–$1,672

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 36093
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$850$860$990$1,270$1,520
FY 2026$810$880$1,050$1,320$1,680
FY 2025$890$970$1,160$1,460$1,860
FY 2024$980$1,070$1,280$1,620$2,060
FY 2023$1,000$1,140$1,360$1,730$2,220

Two-bedroom rent in nearby Elmore County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 36093
36064$1,630+64.6%
36066$1,410+42.4%
36069$980−1.0%
36071$940−5.1%
36075$1,240+25.3%
36078$1,020+3.0%
36079$1,120+13.1%
36080$1,150+16.2%
36081$1,070+8.1%
36091$920−7.1%
36092$1,090+10.1%
36093Current$990—

Questions about ZIP 36093 rents

How much will Section 8 pay for a two-bedroom in ZIP 36093?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $990, that basic range is $891 to $1,089 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 36093 in?

ZIP 36093 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 36093 for FY 2027?

The two-bedroom FMR fell 5.7%, from $1,050 in FY 2026 to $990 in FY 2027. Since FY 2023 it has fallen 27.2%.

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