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Montgomery County/Montgomery/36106

36106

ZIPSAFMR
Montgomery County, AL
Zillow

ZIP Investment Score

91Below average

095130300
BRFMR
Eff. Rent
0 BR$1,050$1,000
1 BR$1,060$930
2 BR$1,220$1,000
3 BR$1,570$1,250
4 BR$1,810$1,710
5 BR$2,082Not available
6 BR$2,394Not available
7 BR$2,753Not available
8 BR$3,166Not available

Purchase Price Calculator

Maximum purchase price
$86,683

Cost breakdown

+Likely effective rent$1,000
HUD FMR$1,220
Market rentUsed$1,000
Est. payment standard (90%)$1,100
-Principal and interest-$438
Loan amount$69,346
Down payment$17,337
Rate6.50%
Term30 years
-Operating costs-$362
Property taxes-$87
Insurance-$175
Utilities$0
HOA$0
Management-$100
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$16,350(94.3% ROI)
Projected value
$93,348
Return breakdown
Property appreciation+$6,665
Loan principal paid down+$2,485
Rental cash flow+$7,200
5-year hold
+$27,821(160.5% ROI)
Projected value
$98,074
Return breakdown
Property appreciation+$11,391
Loan principal paid down+$4,431
Rental cash flow+$12,000
10-year hold
+$58,836(339.4% ROI)
Projected value
$110,962
Return breakdown
Property appreciation+$24,279
Loan principal paid down+$10,557
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.05
1 BR
1.14
2 BR
1.22
3 BR
1.26
4 BR
1.06
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 36106 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 36106 (Montgomery, AL) is $1,220 a month. That is up 14.0% from $1,070 in FY 2026. Montgomery is in the Montgomery, AL MSA, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. Among 27 ZIP codes in Montgomery County, 36106 has the 6th-highest two-bedroom rent (county range $920–$1,730). The median county two-bedroom FMR in Alabama is $975, so ZIP 36106 is 25% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 36106
BedroomsFY 2027Change90–110% range
Studio$1,050+15.4%$945–$1,155
1BR$1,060+15.2%$954–$1,166
2BR$1,220+14.0%$1,098–$1,342
3BR$1,570+14.6%$1,413–$1,727
4BR$1,810+11.7%$1,629–$1,991

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 36106
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,050$1,060$1,220$1,570$1,810
FY 2026$910$920$1,070$1,370$1,620
FY 2025$880$930$1,100$1,400$1,740
FY 2024$880$960$1,150$1,460$1,850
FY 2023$780$890$1,060$1,350$1,730

Two-bedroom rent in nearby Montgomery County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 36106
36101$930−23.8%
36102$1,140−6.6%
36103$1,140−6.6%
36104$920−24.6%
36105$1,010−17.2%
36106Current$1,220—
36107$970−20.5%
36108$920−24.6%
36109$1,180−3.3%
36110$1,060−13.1%
36111$1,120−8.2%
36112$1,200−1.6%

Questions about ZIP 36106 rents

How much will Section 8 pay for a two-bedroom in ZIP 36106?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,220, that basic range is $1,098 to $1,342 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 36106 in?

ZIP 36106 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 36106 for FY 2027?

The two-bedroom FMR rose 14.0%, from $1,070 in FY 2026 to $1,220 in FY 2027. Since FY 2023 it has risen 15.1%.

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