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Monroe County/Frisco City/36445

36445

ZIPSAFMR
Monroe County, AL
Zillow

ZIP Investment Score

129Above average

095130300
BRFMR
Eff. Rent
0 BR$710$710
1 BR$720$720
2 BR$940$940
3 BR$1,300$1,300
4 BR$1,530$1,530
5 BR$1,759Not available
6 BR$2,023Not available
7 BR$2,327Not available
8 BR$2,676Not available

Purchase Price Calculator

Maximum purchase price
$77,767

Cost breakdown

+Likely effective rent$940
HUD FMRUsed$940
Market rentN/A
Est. payment standardN/A
-Principal and interest-$393
Loan amount$62,214
Down payment$15,553
Rate6.50%
Term30 years
-Operating costs-$347
Property taxes-$78
Insurance-$175
Utilities$0
HOA$0
Management-$94
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$15,409(99.1% ROI)
Projected value
$83,747
Return breakdown
Property appreciation+$5,980
Loan principal paid down+$2,229
Rental cash flow+$7,200
5-year hold
+$26,194(168.4% ROI)
Projected value
$87,986
Return breakdown
Property appreciation+$10,219
Loan principal paid down+$3,975
Rental cash flow+$12,000
10-year hold
+$55,253(355.2% ROI)
Projected value
$99,548
Return breakdown
Property appreciation+$21,781
Loan principal paid down+$9,471
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
--
Mortgage rate
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ZIP 36445 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 36445 (Frisco City, AL) is $940 a month. That is up 20.5% from $780 in FY 2026. Frisco City is in the Monroe County, AL non-metropolitan FMR area. 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 county-wide two-bedroom FMR of $921. Among 6 ZIP codes in Monroe County, 36445 is tied for the highest two-bedroom rent (county range $920–$940). The median county two-bedroom FMR in Alabama is $975, so ZIP 36445 is 4% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 36445
BedroomsFY 2027Change90–110% range
Studio$710+22.4%$639–$781
1BR$720+14.3%$648–$792
2BR$940+20.5%$846–$1,034
3BR$1,300+20.4%$1,170–$1,430
4BR$1,530+21.4%$1,377–$1,683

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 36445
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$710$720$940$1,300$1,530
FY 2026$580$630$780$1,080$1,260
FY 2025$580$690$780$1,090$1,230
FY 2024area FMR$642$763$857$1,208$1,236
FY 2023area FMR$560$655$740$1,046$1,078

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

Two-bedroom rent in nearby Monroe County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 36445
36425$9400.0%
36439$930−1.1%
36444$920−2.1%
36445Current$940—
36470$920−2.1%
36481$920−2.1%

Questions about ZIP 36445 rents

How much will Section 8 pay for a two-bedroom in ZIP 36445?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $921, which applies unless the housing authority uses Small Area FMRs, that basic range is $829 to $1,013 a month; under the ZIP-level Small Area FMR of $940 it would be $846 to $1,034. 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 36445 in?

ZIP 36445 is in the Monroe County, AL non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $921.

How much did fair market rent change in ZIP 36445 for FY 2027?

The two-bedroom FMR rose 20.5%, from $780 in FY 2026 to $940 in FY 2027. Since FY 2025 it has risen 20.5%.

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