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Montgomery County/Montgomery/36109

36109

ZIPSAFMR
Montgomery County, AL
Zillow

ZIP Investment Score

129Above average

095130300
BRFMR
Eff. Rent
0 BR$1,010$970
1 BR$1,030$980
2 BR$1,180$1,060
3 BR$1,510$1,290
4 BR$1,750$1,570
5 BR$2,012Not available
6 BR$2,314Not available
7 BR$2,662Not available
8 BR$3,061Not available

Purchase Price Calculator

Maximum purchase price
$95,599

Cost breakdown

+Likely effective rent$1,060
HUD FMR$1,180
Market rentUsed$1,060
Est. payment standard (93%)$1,100
-Principal and interest-$483
Loan amount$76,479
Down payment$19,120
Rate6.50%
Term30 years
-Operating costs-$377
Property taxes-$96
Insurance-$175
Utilities$0
HOA$0
Management-$106
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$17,291(90.4% ROI)
Projected value
$102,950
Return breakdown
Property appreciation+$7,351
Loan principal paid down+$2,740
Rental cash flow+$7,200
5-year hold
+$29,449(154.0% ROI)
Projected value
$108,162
Return breakdown
Property appreciation+$12,563
Loan principal paid down+$4,886
Rental cash flow+$12,000
10-year hold
+$62,419(326.5% ROI)
Projected value
$122,375
Return breakdown
Property appreciation+$26,776
Loan principal paid down+$11,643
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.04
1 BR
1.05
2 BR
1.11
3 BR
1.17
4 BR
1.11
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 36109 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 36109 (Montgomery, AL) is $1,180 a month. That is up 14.6% from $1,030 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, 36109 has the 8th-highest two-bedroom rent (county range $920–$1,730). The median county two-bedroom FMR in Alabama is $975, so ZIP 36109 is 21% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 36109
BedroomsFY 2027Change90–110% range
Studio$1,010+16.1%$909–$1,111
1BR$1,030+17.0%$927–$1,133
2BR$1,180+14.6%$1,062–$1,298
3BR$1,510+14.4%$1,359–$1,661
4BR$1,750+12.2%$1,575–$1,925

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 36109
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,010$1,030$1,180$1,510$1,750
FY 2026$870$880$1,030$1,320$1,560
FY 2025$860$900$1,070$1,360$1,690
FY 2024$870$940$1,130$1,430$1,810
FY 2023$760$860$1,030$1,310$1,680

Two-bedroom rent in nearby Montgomery County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 36109
36103$1,140−3.4%
36104$920−22.0%
36105$1,010−14.4%
36106$1,220+3.4%
36107$970−17.8%
36108$920−22.0%
36109Current$1,180—
36110$1,060−10.2%
36111$1,120−5.1%
36112$1,200+1.7%
36113$1,730+46.6%
36114$1,140−3.4%

Questions about ZIP 36109 rents

How much will Section 8 pay for a two-bedroom in ZIP 36109?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,180, that basic range is $1,062 to $1,298 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 36109 in?

ZIP 36109 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 36109 for FY 2027?

The two-bedroom FMR rose 14.6%, from $1,030 in FY 2026 to $1,180 in FY 2027. Since FY 2023 it has risen 14.6%.

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