The PHA sets a payment standard ranging from 90% to 110% of the Fair Market Rents (FMRs).

Spanish Fort, AL 36577's Section 8 Fair Market Rent

In the year 2024, as a landlord, if you're looking to rent your property to a Section 8 tenant or another housing voucher program in the 36577 zip code area, you can consider the following rental prices based on HUD income limits.

Efficiency:The efficiency rental rates range from a low of $945 to a high of $1,155, with an average of $1,050.
One-bedroom: One-bedroom rental prices vary, with a minimum of $945, a maximum of $1,155, and an average of $1,050.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $1,224, peaking at a maximum of $1,496, and averaging at $1,360.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $1,503, a maximum of $1,837, and an average of $1,670.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $1,899 to a maximum of $2,321, with an average of $2,110.

The fair market rent mentioned already includes all utilities. If a landlord chooses not to provide utility coverage, they can subtract the utility costs from the rent to determine the adjusted rental price.

Each housing authority establishes its own rental rates, so you should check the pricing set by that specific housing authority to determine the maximum amount they can offer. It's advisable to adhere to their pricing guidelines.

HUD's Fair Market Rent guides Section 8 rates for your rental unit.

Year City, State, Zipcode HUD Fair Market Rent Bedrooms
Studio 1 Bedroom 2 Bedroom 3 Bedroom 4 Bedroom
2024 Spanish Fort, AL 36577 Low Rent (90%) $945 $945 $1,224 $1,503 $1,899
Average Rent $1,050 $1,050 $1,360 $1,670 $2,110
High Rent(110%) $1,155 $1,155 $1,496 $1,837 $2,321
2023 Spanish Fort, AL 36577 Low Rent (90%) $837 $837 $1,089 $1,386 $1,782
Average Rent $930 $930 $1,210 $1,540 $1,980
High Rent (110%) $1,023 $1,023 $1,331 $1,694 $2,178
2022 Spanish Fort, AL 36577 Low Rent (90%) $693 $702 $918 $1,215 $1,548
Average Rent $770 $780 $1,020 $1,350 $1,720
High Rent(110%) $847 $858 $1,122 $1,485 $1,892
2021 Spanish Fort, AL 36577 Low Rent (90%) $648 $648 $828 $1,125 $1,422
Average Rent $720 $720 $920 $1,250 $1,580
High Rent (110%) $792 $792 $1,012 $1,375 $1,738
2020 Spanish Fort, AL 36577 Low Rent (90%) $675 $675 $828 $1,134 $1,413
Average Rent $750 $750 $920 $1,260 $1,570
High Rent(110%) $825 $825 $1,012 $1,386 $1,727
2019 Spanish Fort, AL 36577 Low Rent (90%) $684 $693 $801 $1,125 $1,350
Average Rent $760 $770 $890 $1,250 $1,500
High Rent (110%) $836 $847 $979 $1,375 $1,650


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