36104
ZIPSAFMR
Montgomery County, AL
BRFMR
Eff. Rent
0 BR$690$710
1 BR$750$760
2 BR$900$910
3 BR$1,130$1,180
4 BR$1,430$1,320
5 BR$1,644
6 BR$1,891
7 BR$2,175
8 BR$2,501

Purchase Price Calculator

Maximum purchase price
$73,309

Cost breakdown

+Likely effective rent$910
HUD FMR$900
Market rent$920
Est. payment standard (101%)Used$910
Estimated payment standard is $910 (101% of FMR).
-Principal and interest-$371
Loan amount$58,647
Down payment$14,662
Rate6.50%
Term30 years
-Operating costs-$339
Property taxes-$73
Insurance-$175
Utilities$0
HOA$0
Management-$91
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$14,938(101.9% ROI)
Projected value
$78,946
Current value$73,309
Return breakdown
Property appreciation+$5,637
Loan principal paid down+$2,101
Rental cash flow+$7,200
5-year hold
+$25,380(173.1% ROI)
Projected value
$82,943
Current value$73,309
Return breakdown
Property appreciation+$9,633
Loan principal paid down+$3,747
Rental cash flow+$12,000
10-year hold
+$53,461(364.6% ROI)
Projected value
$93,842
Current value$73,309
Return breakdown
Property appreciation+$20,533
Loan principal paid down+$8,928
Rental cash flow+$24,000

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Market Alignment

FMR / market rent by bedroom; grey wings show the 90-110% payment-standard spread.

Studio
Studio
0.96ratio
FMR$690
Market$720
vs market-$30

FMR is near market; voucher and private rents are aligned.

90% standard$621 / 0.86 ratio110% standard$759 / 1.05 ratio
0.96
1 BR
1 BR
0.97ratio
FMR$750
Market$770
vs market-$20

FMR is near market; voucher and private rents are aligned.

90% standard$675 / 0.88 ratio110% standard$825 / 1.07 ratio
0.97
2 BR
2 BR
0.98ratio
FMR$900
Market$920
vs market-$20

FMR is near market; voucher and private rents are aligned.

90% standard$810 / 0.88 ratio110% standard$990 / 1.08 ratio
0.98
3 BR
3 BR
0.93ratio
FMR$1,130
Market$1,210
vs market-$80

FMR is near market; voucher and private rents are aligned.

90% standard$1,017 / 0.84 ratio110% standard$1,243 / 1.03 ratio
0.93
4 BR
4 BR
1.08ratio
FMR$1,430
Market$1,320
vs market+$110

FMR is near market; voucher and private rents are aligned.

90% standard$1,287 / 0.97 ratio110% standard$1,573 / 1.19 ratio
1.08
0.700.800.901.001.101.201.30aligned range

Voucher rents are well-aligned with market rents across all bedroom sizes.

Historical
FY 2022-2026

Data freshness

FMR
FY2026
Market rent
last ~365 days
About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for 36104 (AL) for FY 2026. Fair Market Rent (FMR) is a HUD benchmark used to determine payment standards for programs like the Housing Choice Voucher (Section 8) program.

Values are shown for 0–4 bedroom units. In some metro areas HUD publishes Small Area FMR (SAFMR) at the ZIP-code level; otherwise the county/metropolitan-area FMR applies. This result is labeled SAFMR based on HUD's designation for the area and the available data.

Tip: use these numbers as a starting point and confirm local program rules (payment standards may differ from HUD's published FMR). If you're comparing neighborhoods, SAFMR ZIP ranges can highlight variation within the same county.

36104 fair market rent and Section 8 rent limits

The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 36104 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $900 and the 4 bedroom fair market rent is $1,430.

Use this page for searches like 36104 FMR, 36104 fair market rent, and 36104 Section 8 payment standards. Local housing authorities can set payment standards above or below published HUD FMR, so confirm program rules before underwriting a property.

FY 2026 Fair Market Rent by bedroom size for 36104
Bedroom sizeHUD FMR
Studio$690
1 bedroom$750
2 bedroom$900
3 bedroom$1,130
4 bedroom$1,430