36203
ZIPSAFMR
Calhoun County, AL
BRFMR
Eff. Rent
0 BR$780$860
1 BR$810$860
2 BR$1,020$1,010
3 BR$1,380$1,340
4 BR$1,430$1,490
5 BR$1,644
6 BR$1,891
7 BR$2,175
8 BR$2,501

Purchase Price Calculator

Maximum purchase price
$88,169

Cost breakdown

+Likely effective rent$1,010
HUD FMR$1,020
Market rentUsed$1,010
Est. payment standard (99%)$1,010
Market rent is below the inferred standard ($1,010, 99% of FMR).
-Principal and interest-$446
Loan amount$70,535
Down payment$17,634
Rate6.50%
Term30 years
-Operating costs-$364
Property taxes-$88
Insurance-$175
Utilities$0
HOA$0
Management-$101
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$16,506(93.6% ROI)
Projected value
$94,948
Current value$88,169
Return breakdown
Property appreciation+$6,779
Loan principal paid down+$2,527
Rental cash flow+$7,200
5-year hold
+$28,093(159.3% ROI)
Projected value
$99,755
Current value$88,169
Return breakdown
Property appreciation+$11,586
Loan principal paid down+$4,507
Rental cash flow+$12,000
10-year hold
+$59,433(337.0% ROI)
Projected value
$112,864
Current value$88,169
Return breakdown
Property appreciation+$24,695
Loan principal paid down+$10,738
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
0.71ratio
FMR$780
Market$1,100
vs market-$320

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

90% standard$702 / 0.64 ratio110% standard$858 / 0.78 ratio
0.71
1 BR
1 BR
0.92ratio
FMR$810
Market$880
vs market-$70

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

90% standard$729 / 0.83 ratio110% standard$891 / 1.01 ratio
0.92
2 BR
2 BR
1.01ratio
FMR$1,020
Market$1,010
vs market+$10

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

90% standard$918 / 0.91 ratio110% standard$1,122 / 1.11 ratio
1.01
3 BR
3 BR
1.03ratio
FMR$1,380
Market$1,340
vs market+$40

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

90% standard$1,242 / 0.93 ratio110% standard$1,518 / 1.13 ratio
1.03
4 BR
4 BR
0.94ratio
FMR$1,430
Market$1,520
vs market-$90

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

90% standard$1,287 / 0.85 ratio110% standard$1,573 / 1.03 ratio
0.94
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 36203 (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.

36203 fair market rent and Section 8 rent limits

The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 36203 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $1,020 and the 4 bedroom fair market rent is $1,430.

Use this page for searches like 36203 FMR, 36203 fair market rent, and 36203 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 36203
Bedroom sizeHUD FMR
Studio$780
1 bedroom$810
2 bedroom$1,020
3 bedroom$1,380
4 bedroom$1,430