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Montgomery County/Montgomery/36111

36111

ZIPSAFMR
Montgomery County, AL
Zillow

ZIP Investment Score

193High yield potential

095130300
BRFMR
Eff. Rent
0 BR$960$950
1 BR$980$780
2 BR$1,120$990
3 BR$1,440$1,260
4 BR$1,660$1,700
5 BR$1,909Not available
6 BR$2,195Not available
7 BR$2,525Not available
8 BR$2,903Not available

Purchase Price Calculator

Maximum purchase price
$85,197

Cost breakdown

+Likely effective rent$990
HUD FMR$1,120
Market rentUsed$990
Est. payment standard (92%)$1,040
-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

Studio
1.01
1 BR
1.26
2 BR
1.13
3 BR
1.14
4 BR
0.97
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 36111 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 36111 (Montgomery, AL) is $1,120 a month. That is up 12.0% from $1,000 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, 36111 has the 21st-highest two-bedroom rent (county range $920–$1,730). The median county two-bedroom FMR in Alabama is $975, so ZIP 36111 is 15% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 36111
BedroomsFY 2027Change90–110% range
Studio$960+12.9%$864–$1,056
1BR$980+14.0%$882–$1,078
2BR$1,120+12.0%$1,008–$1,232
3BR$1,440+12.5%$1,296–$1,584
4BR$1,660+9.9%$1,494–$1,826

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 36111
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$960$980$1,120$1,440$1,660
FY 2026$850$860$1,000$1,280$1,510
FY 2025$840$880$1,040$1,330$1,640
FY 2024$800$880$1,050$1,330$1,690
FY 2023$670$770$920$1,170$1,500

Two-bedroom rent in nearby Montgomery County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 36111
36105$1,010−9.8%
36106$1,220+8.9%
36107$970−13.4%
36108$920−17.9%
36109$1,180+5.4%
36110$1,060−5.4%
36111Current$1,120—
36112$1,200+7.1%
36113$1,730+54.5%
36114$1,140+1.8%
36115$1,520+35.7%
36116$1,140+1.8%

Questions about ZIP 36111 rents

How much will Section 8 pay for a two-bedroom in ZIP 36111?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,120, that basic range is $1,008 to $1,232 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 36111 in?

ZIP 36111 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 36111 for FY 2027?

The two-bedroom FMR rose 12.0%, from $1,000 in FY 2026 to $1,120 in FY 2027. Since FY 2023 it has risen 21.7%.

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