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Montgomery County/Montgomery/36107

36107

ZIPSAFMR
Montgomery County, AL
Zillow

ZIP Investment Score

229High yield potential

095130300
BRFMR
Eff. Rent
0 BR$830$730
1 BR$850$840
2 BR$970$930
3 BR$1,250$1,140
4 BR$1,440$1,400
5 BR$1,656Not available
6 BR$1,904Not available
7 BR$2,190Not available
8 BR$2,519Not available

Purchase Price Calculator

Maximum purchase price
$76,281

Cost breakdown

+Likely effective rent$930
HUD FMR$970
Market rentUsed$930
Est. payment standard (97%)$940
-Principal and interest-$386
Loan amount$61,025
Down payment$15,256
Rate6.50%
Term30 years
-Operating costs-$344
Property taxes-$76
Insurance-$175
Utilities$0
HOA$0
Management-$93
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$15,252(100.0% ROI)
Projected value
$82,146
Return breakdown
Property appreciation+$5,865
Loan principal paid down+$2,186
Rental cash flow+$7,200
5-year hold
+$25,923(169.9% ROI)
Projected value
$86,305
Return breakdown
Property appreciation+$10,024
Loan principal paid down+$3,899
Rental cash flow+$12,000
10-year hold
+$54,656(358.3% ROI)
Projected value
$97,646
Return breakdown
Property appreciation+$21,365
Loan principal paid down+$9,290
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.14
1 BR
1.01
2 BR
1.04
3 BR
1.10
4 BR
1.03
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 36107 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 36107 (Montgomery, AL) is $970 a month. That is up 7.8% from $900 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, 36107 has the 24th-highest two-bedroom rent (county range $920–$1,730).

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 36107
BedroomsFY 2027Change90–110% range
Studio$830+16.9%$747–$913
1BR$850+13.3%$765–$935
2BR$970+7.8%$873–$1,067
3BR$1,250+10.6%$1,125–$1,375
4BR$1,440+0.7%$1,296–$1,584

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 36107
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$830$850$970$1,250$1,440
FY 2026$710$750$900$1,130$1,430
FY 2025$760$830$990$1,250$1,580
FY 2024$700$770$920$1,170$1,480
FY 2023$630$720$860$1,090$1,400

Two-bedroom rent in nearby Montgomery County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 36107
36101$930−4.1%
36102$1,140+17.5%
36103$1,140+17.5%
36104$920−5.2%
36105$1,010+4.1%
36106$1,220+25.8%
36107Current$970—
36108$920−5.2%
36109$1,180+21.6%
36110$1,060+9.3%
36111$1,120+15.5%
36112$1,200+23.7%

Questions about ZIP 36107 rents

How much will Section 8 pay for a two-bedroom in ZIP 36107?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $970, that basic range is $873 to $1,067 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 36107 in?

ZIP 36107 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 36107 for FY 2027?

The two-bedroom FMR rose 7.8%, from $900 in FY 2026 to $970 in FY 2027. Since FY 2023 it has risen 12.8%.

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