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Mobile County/Mobile/36612

36612

ZIPSAFMR
Mobile County, AL
Zillow

ZIP Investment Score

187High yield potential

095130300
BRFMR
Eff. Rent
0 BR$760$840
1 BR$790$870
2 BR$920$1,010
3 BR$1,190$1,270
4 BR$1,270$1,400
5 BR$1,461Not available
6 BR$1,680Not available
7 BR$1,932Not available
8 BR$2,221Not available

Purchase Price Calculator

Maximum purchase price
$88,169

Cost breakdown

+Likely effective rent$1,010
HUD FMR$920
Market rent$1,160
Est. payment standard (110%)Used$1,010
-Principal and interest-$446
Loan amount$70,535
Down payment$17,634
Rate6.50%
Term30 years
-Operating costs-$364
Property taxes-$88
Insurance-$175
Utilities$0
HOA$0
Management-$101
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$16,506(93.6% ROI)
Projected value
$94,948
Return breakdown
Property appreciation+$6,779
Loan principal paid down+$2,527
Rental cash flow+$7,200
5-year hold
+$28,093(159.3% ROI)
Projected value
$99,755
Return breakdown
Property appreciation+$11,586
Loan principal paid down+$4,507
Rental cash flow+$12,000
10-year hold
+$59,433(337.0% ROI)
Projected value
$112,864
Return breakdown
Property appreciation+$24,695
Loan principal paid down+$10,738
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.68
1 BR
0.81
2 BR
0.79
3 BR
0.90
4 BR
0.80
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 36612 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 36612 (Mobile, AL) is $920 a month. That is up 2.2% from $900 in FY 2026. Mobile 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, 36612 is tied for the 41st-highest two-bedroom rent (county range $920–$1,710). The median county two-bedroom FMR in Alabama is $975, so ZIP 36612 is 6% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 36612
BedroomsFY 2027Change90–110% range
Studio$760+10.1%$684–$836
1BR$790+6.8%$711–$869
2BR$920+2.2%$828–$1,012
3BR$1,190+0.8%$1,071–$1,309
4BR$1,270+5.0%$1,143–$1,397

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 36612
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$760$790$920$1,190$1,270
FY 2026$690$740$900$1,180$1,210
FY 2025$730$810$990$1,310$1,340
FY 2024$670$730$900$1,190$1,260
FY 2023$650$700$870$1,160$1,230

Two-bedroom rent in nearby Mobile County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 36612
36606$1,050+14.1%
36607$1,110+20.7%
36608$1,310+42.4%
36609$1,160+26.1%
36610$9200.0%
36611$1,080+17.4%
36612Current$920—
36613$1,320+43.5%
36615$1,140+23.9%
36616$1,140+23.9%
36617$1,170+27.2%
36618$1,250+35.9%

Questions about ZIP 36612 rents

How much will Section 8 pay for a two-bedroom in ZIP 36612?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $920, that basic range is $828 to $1,012 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 36612 in?

ZIP 36612 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 36612 for FY 2027?

The two-bedroom FMR rose 2.2%, from $900 in FY 2026 to $920 in FY 2027. Since FY 2023 it has risen 5.7%.

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