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Calhoun County/Wadley/36276

36276

ZIPSAFMR
Calhoun County, AL
Zillow

ZIP Investment Score

102Above average

095130300
BRFMR
Eff. Rent
0 BR$860$860
1 BR$930$930
2 BR$1,130$1,130
3 BR$1,370$1,370
4 BR$1,520$1,520
5 BR$1,748Not available
6 BR$2,010Not available
7 BR$2,312Not available
8 BR$2,658Not available

Purchase Price Calculator

Maximum purchase price
$106,001

Cost breakdown

+Likely effective rent$1,130
HUD FMRUsed$1,130
Market rentN/A
Est. payment standardN/A
-Principal and interest-$536
Loan amount$84,801
Down payment$21,200
Rate6.50%
Term30 years
-Operating costs-$394
Property taxes-$106
Insurance-$175
Utilities$0
HOA$0
Management-$113
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$18,389(86.7% ROI)
Projected value
$114,152
Return breakdown
Property appreciation+$8,150
Loan principal paid down+$3,038
Rental cash flow+$7,200
5-year hold
+$31,347(147.9% ROI)
Projected value
$119,930
Return breakdown
Property appreciation+$13,929
Loan principal paid down+$5,418
Rental cash flow+$12,000
10-year hold
+$66,599(314.1% ROI)
Projected value
$135,690
Return breakdown
Property appreciation+$29,689
Loan principal paid down+$12,910
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
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Tax rate
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Mortgage rate
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ZIP 36276 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 36276 (Wadley, AL) is $1,130 a month. That is up 25.6% from $900 in FY 2026. Wadley is in the Anniston-Oxford, AL MSA. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $1,010. Among 24 ZIP codes in Calhoun County, 36276 has the 4th-highest two-bedroom rent (county range $920–$1,320). The median county two-bedroom FMR in Alabama is $975, so ZIP 36276 is 16% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 36276
BedroomsFY 2027Change90–110% range
Studio$860+28.4%$774–$946
1BR$930+32.9%$837–$1,023
2BR$1,130+25.6%$1,017–$1,243
3BR$1,370+23.4%$1,233–$1,507
4BR$1,520+22.6%$1,368–$1,672

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 36276
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$860$930$1,130$1,370$1,520
FY 2026$670$700$900$1,110$1,240
FY 2025$740$740$970$1,180$1,300
FY 2024area FMR$683$687$903$1,243$1,319
FY 2023area FMR$605$609$802$1,088$1,178

Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.

Two-bedroom rent in nearby Calhoun County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 36276
36258$950−15.9%
36260$920−18.6%
36264$970−14.2%
36265$980−13.3%
36266$920−18.6%
36268$920−18.6%
36271$920−18.6%
36272$1,000−11.5%
36274$920−18.6%
36276Current$1,130—
36277$1,180+4.4%
36279$1,320+16.8%

Questions about ZIP 36276 rents

How much will Section 8 pay for a two-bedroom in ZIP 36276?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,010, which applies unless the housing authority uses Small Area FMRs, that basic range is $909 to $1,111 a month; under the ZIP-level Small Area FMR of $1,130 it would be $1,017 to $1,243. 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 36276 in?

ZIP 36276 is in the Anniston-Oxford, AL MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,010.

How much did fair market rent change in ZIP 36276 for FY 2027?

The two-bedroom FMR rose 25.6%, from $900 in FY 2026 to $1,130 in FY 2027. Since FY 2025 it has risen 16.5%.

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