36121
ZIPSAFMR
Montgomery County, AL
BRFMR
Eff. Rent
0 BR$850$940
1 BR$860$950
2 BR$1,010$1,110
3 BR$1,300$1,220
4 BR$1,530$1,630
5 BR$1,759
6 BR$2,023
7 BR$2,327
8 BR$2,676

Purchase Price Calculator

Maximum purchase price
$103,029

Cost breakdown

+Likely effective rent$1,110
HUD FMR$1,010
Market rent$1,190
Est. payment standard (110%)Used$1,110
Estimated payment standard is $1,110 (110% of FMR).
-Principal and interest-$521
Loan amount$82,423
Down payment$20,606
Rate6.50%
Term30 years
-Operating costs-$389
Property taxes-$103
Insurance-$175
Utilities$0
HOA$0
Management-$111
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$18,075(87.7% ROI)
Projected value
$110,951
Current value$103,029
Return breakdown
Property appreciation+$7,922
Loan principal paid down+$2,953
Rental cash flow+$7,200
5-year hold
+$30,805(149.5% ROI)
Projected value
$116,568
Current value$103,029
Return breakdown
Property appreciation+$13,539
Loan principal paid down+$5,266
Rental cash flow+$12,000
10-year hold
+$65,405(317.4% ROI)
Projected value
$131,886
Current value$103,029
Return breakdown
Property appreciation+$28,857
Loan principal paid down+$12,548
Rental cash flow+$24,000

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Market Alignment

FMR / market rent by bedroom; grey wings show the 90-110% payment-standard spread.

Studio
Studio
0.73ratio
FMR$850
Market$1,170
vs market-$320

FMR is below market; voucher rent may lag private rents.

90% standard$765 / 0.65 ratio110% standard$935 / 0.80 ratio
0.73
1 BR
1 BR
0.71ratio
FMR$860
Market$1,210
vs market-$350

FMR is below market; voucher rent may lag private rents.

90% standard$774 / 0.64 ratio110% standard$946 / 0.78 ratio
0.71
2 BR
2 BR
0.85ratio
FMR$1,010
Market$1,190
vs market-$180

FMR is below market; voucher rent may lag private rents.

90% standard$909 / 0.76 ratio110% standard$1,111 / 0.93 ratio
0.85
3 BR
3 BR
1.07ratio
FMR$1,300
Market$1,220
vs market+$80

FMR is near market; voucher and private rents are aligned.

90% standard$1,170 / 0.96 ratio110% standard$1,430 / 1.17 ratio
1.07
4 BR
4 BR
0.91ratio
FMR$1,530
Market$1,690
vs market-$160

FMR is near market; voucher and private rents are aligned.

90% standard$1,377 / 0.81 ratio110% standard$1,683 / 1.00 ratio
0.91
0.700.800.901.001.101.201.30aligned range

Voucher rents are below market for smaller unit sizes.

Historical
FY 2022-2026

Data freshness

FMR
FY2026
Market rent
last ~365 days
About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for 36121 (AL) for FY 2026. Fair Market Rent (FMR) is a HUD benchmark used to determine payment standards for programs like the Housing Choice Voucher (Section 8) program.

Values are shown for 0–4 bedroom units. In some metro areas HUD publishes Small Area FMR (SAFMR) at the ZIP-code level; otherwise the county/metropolitan-area FMR applies. This result is labeled SAFMR based on HUD's designation for the area and the available data.

Tip: use these numbers as a starting point and confirm local program rules (payment standards may differ from HUD's published FMR). If you're comparing neighborhoods, SAFMR ZIP ranges can highlight variation within the same county.

36121 fair market rent and Section 8 rent limits

The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 36121 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $1,010 and the 4 bedroom fair market rent is $1,530.

Use this page for searches like 36121 FMR, 36121 fair market rent, and 36121 Section 8 payment standards. Local housing authorities can set payment standards above or below published HUD FMR, so confirm program rules before underwriting a property.

FY 2026 Fair Market Rent by bedroom size for 36121
Bedroom sizeHUD FMR
Studio$850
1 bedroom$860
2 bedroom$1,010
3 bedroom$1,300
4 bedroom$1,530