HUD Fair Market Rent · FY 2027 · Effective Oct 1, 2026 to Sep 30, 2027
Fair Market Rent in Henry County, Alabama (FY 2027)
$921 a month. That's HUD's FY 2027 Fair Market Rent for a two-bedroom in Henry County, and it's the baseline every voucher in Henry is measured against.
Two-bedroom FMR
$921
+4.9% from FY 2026
Payment standard
$829–$1,013
90% to 110% of the FMR, two-bedroom
Income to afford
$36,840
a year, with rent at 30% of income
Rank in Alabama
56th of 67
by two-bedroom FMR, highest first
FY 2027 Fair Market Rents
Payment standard is the 90% to 110% band a housing authority can set. Income needed puts rent at 30% of gross income, and the hourly wage assumes a 40-hour week.
| Bedrooms | FMR | Payment standard | Income needed | Hourly wage | vs FY 2026 |
|---|---|---|---|---|---|
| Studio | $699 | $629–$769 | $27,960 | $13.44/hr | +5.1% |
| 1 bedroom | $704 | $634–$774 | $28,160 | $13.54/hr | +5.2% |
| 2 bedroom | $921 | $829–$1,013 | $36,840 | $17.71/hr | +4.9% |
| 3 bedroom | $1,105 | $995–$1,216 | $44,200 | $21.25/hr | +2.5% |
| 4 bedroom | $1,284 | $1,156–$1,412 | $51,360 | $24.69/hr | +5.5% |
Five to eight bedrooms (PropMetrics estimates)
HUD stops at four bedrooms. These add 15% of the four-bedroom rent per extra bedroom. It's our estimate, not a HUD number.
| Bedrooms | Estimated FMR | Payment standard |
|---|---|---|
| 5 bedroom Estimate | $1,477 | $1,329–$1,625 |
| 6 bedroom Estimate | $1,669 | $1,502–$1,836 |
| 7 bedroom Estimate | $1,862 | $1,676–$2,048 |
| 8 bedroom Estimate | $2,054 | $1,849–$2,259 |
Source: HUD Office of Policy Development and Research, FY 2027 Fair Market Rents. Rents include utilities. huduser.gov
Market check
HUD's number is one input. What does a two-bedroom in Henry actually rent for?
Search any address in Henry for a rent estimate built from nearby comps, with the HUD figure right next to it.
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What a voucher pays here
The voucher doesn't pay the FMR itself. It pays the payment standard. Housing authorities set it anywhere from 90% to 110% of FMR, which puts a two-bedroom standard in Henry somewhere between $829 and $1,013. The tenant pays roughly 30% of their income, the voucher covers the rest up to the standard, and the PHA won't approve a rent above what comparable unassisted units get.
$921 a month is affordable, by HUD's 30% rule, on an income of roughly $36,840 a year. Put another way, $18 an hour full time.
Worked example for a two-bedroom renting at the payment standard. The tenant pays 30% of monthly income and the voucher covers the rest.
| Monthly household income | Tenant pays (30%) | Voucher pays at 90%$829 | Voucher pays at 100%$921 | Voucher pays at 110%$1,013 |
|---|---|---|---|---|
| $2,500 | $750 | $79 | $171 | $263 |
| $4,000 | $1,200 | $0 | $0 | $0 |
Rate history
The two-bedroom rate went up 5% from FY 2026 ($878) to FY 2027 ($921). Since FY 2020 it's up 50% in total, about 6.0% a year. The Alabama median moved up 11% over the same year.
| Fiscal year | Studio | 1 BR | 2 BR | 3 BR | 4 BR | 2BR change |
|---|---|---|---|---|---|---|
| FY 2020 | $479 | $520 | $612 | $815 | $1,075 | — |
| FY 2021 | $492 | $532 | $634 | $858 | $1,098 | +3.6% |
| FY 2022 | $540 | $543 | $705 | $931 | $1,112 | +11.2% |
| FY 2023 | $558 | $562 | $740 | $985 | $1,001 | +5.0% |
| FY 2024 | $648 | $652 | $857 | $1,093 | $1,144 | +15.8% |
| FY 2025 | $593 | $597 | $783 | $1,048 | $1,124 | -8.6% |
| FY 2026 | $665 | $669 | $878 | $1,078 | $1,217 | +12.1% |
| FY 2027In effect | $699 | $704 | $921 | $1,105 | $1,284 | +4.9% |
About this rate
Fair Market Rent is HUD's estimate of what a modest, decent unit rents for in an area, utilities included. It's set once a year and runs October to September. For FY 2027 that's October 1, 2026 through September 30, 2027. In Henry, that runs from $699 for a studio up to $1,284 for four bedrooms, all five rates in the table above.
Henry is its own HUD metro area (Henry County, AL), so the rate here is set from rents inside the county rather than a wider region.
Among Alabama's 67 counties, Henry ranks 56th for two-bedroom FMR. That's about 6% below the state median of $975 and about 13% below the national median county at $1,063. About 17,647 people live here, 51st in the state.
Rates by ZIP code
Zoom in and the picture changes. HUD's Small Area FMRs put a two-bedroom at $920 in 36310 (Abbeville) and $1,080 in 36353 (Newville), with the 4 ZIP codes in between. Housing authorities in HUD-designated metros use those ZIP rates instead of the county rate. Everywhere else the ZIP numbers show where rents actually sit, and the county rate stays the official standard.
Nearby counties
Two-bedroom FMR, with how each compares to Henry.
Houston County
19 mi · 108,140 people
$966
+5%
Dale County
20 mi · 49,599 people
$921
same rate
Barbour County
26 mi · 24,643 people
$921
same rate
Geneva County
40 mi · 26,887 people
$966
+5%
Coffee County
43 mi · 54,920 people
$1,098
+19%
Pike County
46 mi · 32,987 people
$1,055
+15%
Bullock County
53 mi · 10,058 people
$921
same rate
Russell County
60 mi · 58,811 people
$1,212
+32%
Questions people ask
$921 a month for FY 2027, which runs October 1, 2026 through September 30, 2027. The other rates are $699 for a studio, $704 for one bedroom, $1,105 for three and $1,284 for four.
Tools for this county
Fair Market Rent lookup
Any ZIP code's Small Area FMR by bedroom count
Section 8 rent calculator
Payment standard and tenant share for a specific rent
What is Fair Market Rent?
How HUD calculates FMR and what it means for landlords
Rent affordability calculator
The income a household needs for a given rent
What does a rental in Henry actually go for?
HUD's number is one input. Search any address in Henry for a rent estimate built from nearby comps. Free to start, no card.
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