HUD Fair Market Rent · FY 2026 · effective Oct 1, 2025 to Sep 30, 2026
Fair Market Rent in Morgan County, Alabama (FY 2026)
$961 a month. That's HUD's FY 2026 Fair Market Rent for a two-bedroom in Morgan County, and it's the baseline every voucher in Morgan is measured against.
2 bedroom FMR
$961
FY 2026, utilities included
Payment standard range
$865 to $1,057
90% to 110% of FMR
Income to afford 2BR
$38,440
per year, at 30% of income
Rank in Alabama
27th of 67
by 2BR FMR
HUD has already published FY 2027. On October 1, 2026 the two-bedroom rate in Morgan moves to $1,023. That's up 6%. The full FY 2027 table is in the history section below.
HUD's number is one input. What does a two-bedroom in Morgan actually rent for?
Search any address in Morgan for a rent estimate built from nearby comps, with the HUD figure right next to it.
FY 2026 Fair Market Rents
| Bedrooms | FMR | Payment standard | Income needed | Hourly wage | vs FY 2025 |
|---|---|---|---|---|---|
| Studio | $755 | $680 to $831 | $30,200 | $14.52/hr | +4.0% |
| 1 bedroom | $776 | $698 to $854 | $31,040 | $14.92/hr | +2.6% |
| 2 bedroom | $961 | $865 to $1,057 | $38,440 | $18.48/hr | +4.1% |
| 3 bedroom | $1,262 | $1,136 to $1,388 | $50,480 | $24.27/hr | +4.0% |
| 4 bedroom | $1,550 | $1,395 to $1,705 | $62,000 | $29.81/hr | +6.5% |
5 to 8 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 | $1,783 | $1,605 to $1,961 |
| 6 bedroom Estimate | $2,015 | $1,814 to $2,217 |
| 7 bedroom Estimate | $2,248 | $2,023 to $2,473 |
| 8 bedroom Estimate | $2,480 | $2,232 to $2,728 |
Source: HUD Office of Policy Development and Research, FY 2026 Fair Market Rents. Rents include utilities. huduser.gov
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 2026 that's October 1, 2025 through September 30, 2026. In Morgan, that runs from $755 for a studio up to $1,550 for four bedrooms, all five rates in the table above.
This is a metro rate. The county doesn't get one of its own. HUD lumps Morgan in with one other county in the Decatur metro, Lawrence County among them, and every one of them gets $961 for a two-bedroom. Where you are inside the metro doesn't change the county number. It does change the ZIP number, covered below.
Among Alabama's 67 counties, Morgan ranks 27th for two-bedroom FMR. That's about 9% above the state median of $879 and about 6% below the national median county at $1,018. About 123,102 people live here, 9th in the state.
Counties sharing the Decatur metro rate
Rates by ZIP code
Zoom in and the picture changes. HUD's Small Area FMRs put a two-bedroom at $890 in 35673 (Trinity) and $1,280 in 35775 (Valhermoso Springs), with the 11 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.
| ZIP | City | 2BR rate | vs county |
|---|---|---|---|
| 35601 | Decatur | $990 | +3.0% |
| 35602 | Decatur | $980 | +2.0% |
| 35603 | Decatur | $1,000 | +4.1% |
| 35609 | Decatur | $961County rate | — |
| 35619 | Danville | $1,170 | +21.7% |
| 35621 | Eva | $1,230 | +28.0% |
| 35622 | Falkville | $1,010 | +5.1% |
| 35640 | Hartselle | $950 | -1.1% |
| 35670 | Somerville | $900 | -6.3% |
| 35673 | Trinity | $890 | -7.4% |
| 35699 | Decatur | $961County rate | — |
| 35754 | Laceys Spring | $890 | -7.4% |
| 35775 | Valhermoso Springs | $1,280 | +33.2% |
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 Morgan somewhere between $865 and $1,057. 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.
$961 a month is affordable, by HUD's 30% rule, on an income of roughly $38,440 a year. Put another way, $18 an hour full time.
Worked example for a two-bedroom, assuming the rent equals the payment standard. Tenant pays 30% of monthly income, HUD's housing assistance payment covers the rest.
| Monthly household income | Tenant pays (30%) | HAP at 90% ($865) | HAP at 100% ($961) | HAP at 110% ($1,057) |
|---|---|---|---|---|
| $2,500 | $750 | $115 | $211 | $307 |
| $4,000 | $1,200 | $0 | $0 | $0 |
Rate history
The two-bedroom rate went up 4% from FY 2025 ($923) to FY 2026 ($961). Since FY 2020 it's up 40% in total, about 5.8% a year. The Alabama median moved up 3% over the same year.
| Year | Studio | 1 BR | 2 BR | 3 BR | 4 BR | 2BR change |
|---|---|---|---|---|---|---|
| FY 2020 | $480 | $546 | $687 | $889 | $950 | — |
| FY 2021 | $509 | $574 | $708 | $925 | $960 | +3.1% |
| FY 2022 | $554 | $592 | $720 | $946 | $1,009 | +1.7% |
| FY 2023 | $623 | $651 | $795 | $1,038 | $1,151 | +10.4% |
| FY 2024 | $740 | $763 | $924 | $1,202 | $1,352 | +16.2% |
| FY 2025 | $726 | $756 | $923 | $1,214 | $1,456 | -0.1% |
| FY 2026 | $755 | $776 | $961 | $1,262 | $1,550 | +4.1% |
| FY 2027 | $830 | $835 | $1,023 | $1,315 | $1,686 | +6.5% |
Nearby counties
Limestone County
$1,31021 mi · pop 104,199
Lawrence County
$96124 mi · pop 33,116
Cullman County
$87925 mi · pop 88,284
Madison County
$1,31025 mi · pop 389,781
Marshall County
$77639 mi · pop 97,923
Winston County
$77639 mi · pop 23,655
Blount County
$1,26644 mi · pop 59,077
Colbert County
$1,00047 mi · pop 57,270
Questions people ask
$961 a month for FY 2026, which runs October 1, 2025 through September 30, 2026. The other rates are $755 for a studio, $776 for one bedroom, $1,262 for three and $1,550 for four.
Tools for this county
Fair Market Rent lookup
Look up any ZIP code's Small Area FMR by bedroom count.
Section 8 rent calculator
Work out the 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
See what income a household needs for a given rent.
What does a rental in Morgan actually go for?
HUD's number is one input. Search any address in Morgan for a rent estimate built from nearby comps. 3 free searches, no card.
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