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Mobile County/Grand Bay/36541

36541

ZIPSAFMR
Mobile County, AL
Zillow

ZIP Investment Score

114Above average

095130300
BRFMR
Eff. Rent
0 BR$850$850
1 BR$890$890
2 BR$1,030$1,030
3 BR$1,330$1,330
4 BR$1,420$1,420
5 BR$1,633Not available
6 BR$1,878Not available
7 BR$2,160Not available
8 BR$2,484Not available

Purchase Price Calculator

Maximum purchase price
$91,141

Cost breakdown

+Likely effective rent$1,030
HUD FMRUsed$1,030
Market rentN/A
Est. payment standardN/A
-Principal and interest-$461
Loan amount$72,913
Down payment$18,228
Rate6.50%
Term30 years
-Operating costs-$369
Property taxes-$91
Insurance-$175
Utilities$0
HOA$0
Management-$103
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$16,820(92.3% ROI)
Projected value
$98,149
Return breakdown
Property appreciation+$7,008
Loan principal paid down+$2,612
Rental cash flow+$7,200
5-year hold
+$28,635(157.1% ROI)
Projected value
$103,118
Return breakdown
Property appreciation+$11,977
Loan principal paid down+$4,658
Rental cash flow+$12,000
10-year hold
+$60,627(332.6% ROI)
Projected value
$116,668
Return breakdown
Property appreciation+$25,527
Loan principal paid down+$11,100
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
--
Tax rate
--
Mortgage rate
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ZIP 36541 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 36541 (Grand Bay, AL) is $1,030 a month. That is down 4.6% from $1,080 in FY 2026. Grand Bay is in the Mobile, AL MSA, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. Among 45 ZIP codes in Mobile County, 36541 is tied for the 36th-highest two-bedroom rent (county range $920–$1,710). The median county two-bedroom FMR in Alabama is $975, so ZIP 36541 is 6% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 36541
BedroomsFY 2027Change90–110% range
Studio$850+3.7%$765–$935
1BR$890−1.1%$801–$979
2BR$1,030−4.6%$927–$1,133
3BR$1,330−6.3%$1,197–$1,463
4BR$1,420−1.4%$1,278–$1,562

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 36541
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$850$890$1,030$1,330$1,420
FY 2026$820$900$1,080$1,420$1,440
FY 2025$880$990$1,190$1,570$1,590
FY 2024$960$1,060$1,300$1,720$1,760
FY 2023$940$1,010$1,260$1,680$1,790

Two-bedroom rent in nearby Mobile County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 36541
36509$920−10.7%
36512$1,140+10.7%
36521$1,0300.0%
36523$1,170+13.6%
36528$1,710+66.0%
36541Current$1,030—
36544$920−10.7%
36568$1,000−2.9%
36571$1,140+10.7%
36572$1,380+34.0%
36575$1,210+17.5%
36582$1,000−2.9%

Questions about ZIP 36541 rents

How much will Section 8 pay for a two-bedroom in ZIP 36541?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,030, that basic range is $927 to $1,133 a month. 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 36541 in?

ZIP 36541 is in the Mobile, AL MSA. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.

How much did fair market rent change in ZIP 36541 for FY 2027?

The two-bedroom FMR fell 4.6%, from $1,080 in FY 2026 to $1,030 in FY 2027. Since FY 2023 it has fallen 18.3%.

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