FMR is near market; voucher and private rents are aligned.
0.99
1 BR
1 BR
1.07ratio
FMR$1,510
Market$1,410
vs market+$100
FMR is near market; voucher and private rents are aligned.
1.07
2 BR
2 BR
0.90ratio
FMR$1,640
Market$1,830
vs market-$190
FMR is below market; voucher rent may lag private rents.
0.90
3 BR
3 BR
1.04ratio
FMR$2,120
Market$2,040
vs market+$80
FMR is near market; voucher and private rents are aligned.
1.04
4 BR
4 BR
1.10ratio
FMR$2,690
Market$2,440
vs market+$250
FMR is above market; underwrite to market rent.
1.10
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
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ZIP 36559 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 36559 (Montrose, AL) is $1,640 a month. That is up 5.8% from $1,550 in FY 2026. Montrose 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, 36559 has the 2nd-highest two-bedroom rent (county range $920–$1,680). The median county two-bedroom FMR in Alabama is $975, so ZIP 36559 is 68% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 36559
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,260
$1,350
+7.1%
$1,215–$1,485
1BR
$1,380
$1,510
+9.4%
$1,359–$1,661
2BR
$1,550
$1,640
+5.8%
$1,476–$1,804
3BR
$1,950
$2,120
+8.7%
$1,908–$2,332
4BR
$2,490
$2,690
+8.0%
$2,421–$2,959
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 36559
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,350
$1,510
$1,640
$2,120
$2,690
FY 2026
$1,260
$1,380
$1,550
$1,950
$2,490
FY 2025
$1,120
$1,200
$1,430
$1,780
$2,270
FY 2024
$1,210
$1,210
$1,560
$1,920
$2,420
FY 2023
$1,060
$1,060
$1,380
$1,760
$2,260
Two-bedroom rent in nearby Baldwin County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 36559?
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 $1,640 it would be $1,476 to $1,804. 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 36559 in?
ZIP 36559 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 36559 for FY 2027?
The two-bedroom FMR rose 5.8%, from $1,550 in FY 2026 to $1,640 in FY 2027. Since FY 2023 it has risen 18.8%.
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