Skip to main content
Loading page
Baldwin County/Fairhope/36532

36532

ZIPSAFMR
Baldwin County, AL
Zillow

ZIP Investment Score

69Below average

095130300
BRFMR
Eff. Rent
0 BR$1,380$1,390
1 BR$1,540$1,470
2 BR$1,680$1,760
3 BR$2,170$2,010
4 BR$2,750$2,480
5 BR$3,162Not available
6 BR$3,637Not available
7 BR$4,182Not available
8 BR$4,810Not available

Purchase Price Calculator

Maximum purchase price
$199,619

Cost breakdown

+Likely effective rent$1,760
HUD FMR$1,680
Market rent$1,800
Est. payment standard (105%)Used$1,760
-Principal and interest-$1,009
Loan amount$159,695
Down payment$39,924
Rate6.50%
Term30 years
-Operating costs-$551
Property taxes-$200
Insurance-$175
Utilities$0
HOA$0
Management-$176
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$28,270(70.8% ROI)
Projected value
$214,968
Return breakdown
Property appreciation+$15,349
Loan principal paid down+$5,721
Rental cash flow+$7,200
5-year hold
+$48,434(121.3% ROI)
Projected value
$225,850
Return breakdown
Property appreciation+$26,232
Loan principal paid down+$10,203
Rental cash flow+$12,000
10-year hold
+$104,222(261.1% ROI)
Projected value
$255,529
Return breakdown
Property appreciation+$55,910
Loan principal paid down+$24,312
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

Studio
0.99
1 BR
1.05
2 BR
0.93
3 BR
1.08
4 BR
1.11
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 36532 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 36532 (Fairhope, AL) is $1,680 a month. That is up 7.0% from $1,570 in FY 2026. Fairhope is in the Daphne-Fairhope-Foley, 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 $1,434. Among 37 ZIP codes in Baldwin County, 36532 has the highest two-bedroom rent (county range $920–$1,680). The median county two-bedroom FMR in Alabama is $975, so ZIP 36532 is 72% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 36532
BedroomsFY 2027Change90–110% range
Studio$1,380+7.8%$1,242–$1,518
1BR$1,540+10.0%$1,386–$1,694
2BR$1,680+7.0%$1,512–$1,848
3BR$2,170+9.6%$1,953–$2,387
4BR$2,750+8.7%$2,475–$3,025

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 36532
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,380$1,540$1,680$2,170$2,750
FY 2026$1,280$1,400$1,570$1,980$2,530
FY 2025$1,140$1,220$1,460$1,820$2,320
FY 2024$1,220$1,220$1,580$1,940$2,450
FY 2023$1,070$1,070$1,390$1,770$2,270

Two-bedroom rent in nearby Baldwin County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 36532
36522$980−41.7%
36524$920−45.2%
36525$1,080−35.7%
36526$1,600−4.8%
36527$1,630−3.0%
36530$1,230−26.8%
36532Current$1,680—
36533$1,430−14.9%
36535$1,320−21.4%
36536$1,430−14.9%
36540$920−45.2%
36542$1,560−7.1%

Questions about ZIP 36532 rents

How much will Section 8 pay for a two-bedroom in ZIP 36532?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,434, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,291 to $1,577 a month; under the ZIP-level Small Area FMR of $1,680 it would be $1,512 to $1,848. 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 36532 in?

ZIP 36532 is in the Daphne-Fairhope-Foley, AL MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,434.

How much did fair market rent change in ZIP 36532 for FY 2027?

The two-bedroom FMR rose 7.0%, from $1,570 in FY 2026 to $1,680 in FY 2027. Since FY 2023 it has risen 20.9%.

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