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36113

ZIPSAFMR
Montgomery County, AL
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ZIP Investment Score

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095130300
BRFMR
Eff. Rent
0 BR$1,480$760
1 BR$1,510$810
2 BR$1,730$880
3 BR$2,220$1,270
4 BR$2,570$1,710
5 BR$2,955Not available
6 BR$3,399Not available
7 BR$3,909Not available
8 BR$4,495Not available

Purchase Price Calculator

Maximum purchase price
$68,851

Cost breakdown

+Likely effective rent$880
HUD FMR$1,730
Market rentUsed$880
Est. payment standard (90%)$1,560
-Principal and interest-$348
Loan amount$55,081
Down payment$13,770
Rate6.50%
Term30 years
-Operating costs-$332
Property taxes-$69
Insurance-$175
Utilities$0
HOA$0
Management-$88
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$14,467(105.1% ROI)
Projected value
$74,145
Return breakdown
Property appreciation+$5,294
Loan principal paid down+$1,973
Rental cash flow+$7,200
5-year hold
+$24,567(178.4% ROI)
Projected value
$77,899
Return breakdown
Property appreciation+$9,048
Loan principal paid down+$3,519
Rental cash flow+$12,000
10-year hold
+$51,670(375.2% ROI)
Projected value
$88,135
Return breakdown
Property appreciation+$19,284
Loan principal paid down+$8,385
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.95
1 BR
1.86
2 BR
1.97
3 BR
1.75
4 BR
1.50
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
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Tax rate
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Mortgage rate
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ZIP 36113 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 36113 (Montgomery, AL) is $1,730 a month. That is up 13.8% from $1,520 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, 36113 has the highest two-bedroom rent (county range $920–$1,730). The median county two-bedroom FMR in Alabama is $975, so ZIP 36113 is 77% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 36113
BedroomsFY 2027Change90–110% range
Studio$1,480+14.7%$1,332–$1,628
1BR$1,510+16.2%$1,359–$1,661
2BR$1,730+13.8%$1,557–$1,903
3BR$2,220+13.8%$1,998–$2,442
4BR$2,570+11.7%$2,313–$2,827

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 36113
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,480$1,510$1,730$2,220$2,570
FY 2026$1,290$1,300$1,520$1,950$2,300
FY 2025$1,270$1,330$1,580$2,010$2,490
FY 2024$1,260$1,370$1,640$2,080$2,630
FY 2023$1,080$1,230$1,470$1,870$2,400

Two-bedroom rent in nearby Montgomery County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 36113
36107$970−43.9%
36108$920−46.8%
36109$1,180−31.8%
36110$1,060−38.7%
36111$1,120−35.3%
36112$1,200−30.6%
36113Current$1,730—
36114$1,140−34.1%
36115$1,520−12.1%
36116$1,140−34.1%
36117$1,290−25.4%
36119$1,140−34.1%

Questions about ZIP 36113 rents

How much will Section 8 pay for a two-bedroom in ZIP 36113?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,730, that basic range is $1,557 to $1,903 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 36113 in?

ZIP 36113 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 36113 for FY 2027?

The two-bedroom FMR rose 13.8%, from $1,520 in FY 2026 to $1,730 in FY 2027. Since FY 2023 it has risen 17.7%.

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