FMR is below market; voucher rent may lag private rents.
0.80
1 BR
1 BR
0.83ratio
FMR$980
Market$1,180
vs market-$200
FMR is below market; voucher rent may lag private rents.
0.83
2 BR
2 BR
0.83ratio
FMR$1,140
Market$1,370
vs market-$230
FMR is below market; voucher rent may lag private rents.
0.83
3 BR
3 BR
0.99ratio
FMR$1,480
Market$1,500
vs market-$20
FMR is near market; voucher and private rents are aligned.
0.99
4 BR
4 BR
0.84ratio
FMR$1,570
Market$1,870
vs market-$300
FMR is below market; voucher rent may lag private rents.
0.84
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 36590 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 36590 (Theodore, AL) is $1,140 a month. That is up 5.6% from $1,080 in FY 2026. Theodore 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, 36590 is tied for the 15th-highest two-bedroom rent (county range $920–$1,710). The median county two-bedroom FMR in Alabama is $975, so ZIP 36590 is 17% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 36590
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$850
$940
+10.6%
$846–$1,034
1BR
$920
$980
+6.5%
$882–$1,078
2BR
$1,080
$1,140
+5.6%
$1,026–$1,254
3BR
$1,410
$1,480
+5.0%
$1,332–$1,628
4BR
$1,440
$1,570
+9.0%
$1,413–$1,727
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 36590
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$940
$980
$1,140
$1,480
$1,570
FY 2026
$850
$920
$1,080
$1,410
$1,440
FY 2025
$810
$900
$1,090
$1,440
$1,460
FY 2024
$810
$890
$1,090
$1,440
$1,480
FY 2023
$740
$800
$990
$1,320
$1,410
Two-bedroom rent in nearby Mobile County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 36590?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,140, that basic range is $1,026 to $1,254 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 36590 in?
ZIP 36590 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 36590 for FY 2027?
The two-bedroom FMR rose 5.6%, from $1,080 in FY 2026 to $1,140 in FY 2027. Since FY 2023 it has risen 15.2%.
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