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Mobile County/Mobile/36695

36695

ZIPSAFMR
Mobile County, AL
Zillow

ZIP Investment Score

98Above average

095130300
BRFMR
Eff. Rent
0 BR$1,100$1,100
1 BR$1,150$1,060
2 BR$1,330$1,380
3 BR$1,720$1,680
4 BR$1,830$1,980
5 BR$2,105Not available
6 BR$2,420Not available
7 BR$2,783Not available
8 BR$3,201Not available

Purchase Price Calculator

Maximum purchase price
$143,151

Cost breakdown

+Likely effective rent$1,380
HUD FMR$1,330
Market rent$1,400
Est. payment standard (103%)Used$1,380
-Principal and interest-$724
Loan amount$114,521
Down payment$28,630
Rate6.50%
Term30 years
-Operating costs-$456
Property taxes-$143
Insurance-$175
Utilities$0
HOA$0
Management-$138
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$22,310(77.9% ROI)
Projected value
$154,158
Return breakdown
Property appreciation+$11,007
Loan principal paid down+$4,103
Rental cash flow+$7,200
5-year hold
+$38,128(133.2% ROI)
Projected value
$161,962
Return breakdown
Property appreciation+$18,811
Loan principal paid down+$7,317
Rental cash flow+$12,000
10-year hold
+$81,529(284.8% ROI)
Projected value
$183,245
Return breakdown
Property appreciation+$40,094
Loan principal paid down+$17,434
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.00
1 BR
1.08
2 BR
0.95
3 BR
1.02
4 BR
0.89
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 36695 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 36695 (Mobile, AL) is $1,330 a month. That is up 4.7% from $1,270 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, 36695 has the 3rd-highest two-bedroom rent (county range $920–$1,710). The median county two-bedroom FMR in Alabama is $975, so ZIP 36695 is 36% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 36695
BedroomsFY 2027Change90–110% range
Studio$1,100+10.0%$990–$1,210
1BR$1,150+6.5%$1,035–$1,265
2BR$1,330+4.7%$1,197–$1,463
3BR$1,720+3.6%$1,548–$1,892
4BR$1,830+8.3%$1,647–$2,013

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 36695
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,100$1,150$1,330$1,720$1,830
FY 2026$1,000$1,080$1,270$1,660$1,690
FY 2025$960$1,080$1,300$1,710$1,740
FY 2024$960$1,050$1,290$1,710$1,750
FY 2023$890$960$1,190$1,590$1,690

Two-bedroom rent in nearby Mobile County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 36695
36640$1,140−14.3%
36652$1,100−17.3%
36660$1,140−14.3%
36663$1,040−21.8%
36670$1,140−14.3%
36671$1,140−14.3%
36685$1,140−14.3%
36688$1,310−1.5%
36689$1,140−14.3%
36691$1,140−14.3%
36693$1,200−9.8%
36695Current$1,330—

Questions about ZIP 36695 rents

How much will Section 8 pay for a two-bedroom in ZIP 36695?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,330, that basic range is $1,197 to $1,463 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 36695 in?

ZIP 36695 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 36695 for FY 2027?

The two-bedroom FMR rose 4.7%, from $1,270 in FY 2026 to $1,330 in FY 2027. Since FY 2023 it has risen 11.8%.

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

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