Florence-Muscle Shoals, AL MSA · FY2026 area median income $95,900 · effective May 1, 2026
Check whether a deal here pencils →| Unit | 20% | 30% | 40% | 50% | 60% | 70% | 80% |
|---|---|---|---|---|---|---|---|
| Studio | $317 | $475 | $634 | $792 | $951 | $1,109 | $1,268 |
| 1BR | $339 | $509 | $679 | $849 | $1,019 | $1,189 | $1,359 |
| 2BR | $408 | $612 | $816 | $1,020 | $1,224 | $1,428 | $1,632 |
| 3BR | $471 | $706 | $942 | $1,178 | $1,413 | $1,649 | $1,885 |
| 4BR | $525 | $788 | $1,051 | $1,313 | $1,576 | $1,839 | $2,102 |
Gross rent includes utilities. Subtract the utility allowance for the rent you can charge.
| Household | 30% | 50% | 60% | 80% |
|---|---|---|---|---|
| 1 person | $19,020 | $31,700 | $38,040 | $50,720 |
| 2 persons | $21,750 | $36,250 | $43,500 | $58,000 |
| 3 persons | $24,480 | $40,800 | $48,960 | $65,280 |
| 4 persons | $27,180 | $45,300 | $54,360 | $72,480 |
| 5 persons | $29,370 | $48,950 | $58,740 | $78,320 |
| 6 persons | $31,530 | $52,550 | $63,060 | $84,080 |
| 7 persons | $33,720 | $56,200 | $67,440 | $89,920 |
| 8 persons | $35,880 | $59,800 | $71,760 | $95,680 |
Rents are capped at 30% of the income limit for an imputed household of 1.5 persons per bedroom, so a two-bedroom unit uses the three-person limit. Under the average income test, units can be designated from 20% to 80% AMI as long as the weighted average stays at or below 60%.
Run a deal in Colbert County to see the sources and uses, bond test, DSCR, and funding gap using these rents.