FMR is below market; voucher rent may lag private rents.
0.83
1 BR
1 BR
1.01ratio
FMR$1,480
Market$1,460
vs market+$20
FMR is near market; voucher and private rents are aligned.
1.01
2 BR
2 BR
0.74ratio
FMR$1,610
Market$2,170
vs market-$560
FMR is below market; voucher rent may lag private rents.
0.74
3 BR
3 BR
0.90ratio
FMR$2,090
Market$2,310
vs market-$220
FMR is near market; voucher and private rents are aligned.
0.90
4 BR
4 BR
0.90ratio
FMR$2,640
Market$2,940
vs market-$300
FMR is below market; voucher rent may lag private rents.
0.90
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--
ZIP 36547 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 36547 (Gulf Shores, AL) is $1,610 a month. That is up 11.0% from $1,450 in FY 2026. Gulf Shores 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, 36547 has the 5th-highest two-bedroom rent (county range $920–$1,680). The median county two-bedroom FMR in Alabama is $975, so ZIP 36547 is 65% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 36547
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,190
$1,320
+10.9%
$1,188–$1,452
1BR
$1,300
$1,480
+13.8%
$1,332–$1,628
2BR
$1,450
$1,610
+11.0%
$1,449–$1,771
3BR
$1,830
$2,090
+14.2%
$1,881–$2,299
4BR
$2,350
$2,640
+12.3%
$2,376–$2,904
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 36547
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,320
$1,480
$1,610
$2,090
$2,640
FY 2026
$1,190
$1,300
$1,450
$1,830
$2,350
FY 2025
$970
$1,040
$1,240
$1,540
$1,970
FY 2024
$1,050
$1,050
$1,360
$1,670
$2,110
FY 2023
$930
$930
$1,210
$1,540
$1,980
Two-bedroom rent in nearby Baldwin County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 36547?
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 $1,610 it would be $1,449 to $1,771. 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 36547 in?
ZIP 36547 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 36547 for FY 2027?
The two-bedroom FMR rose 11.0%, from $1,450 in FY 2026 to $1,610 in FY 2027. Since FY 2023 it has risen 33.1%.
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