Covington County, AL · FY2026 area median income $73,900 · effective May 1, 2026
Check whether a deal here pencils →| Unit | 20% | 30% | 40% | 50% | 60% | 70% | 80% |
|---|---|---|---|---|---|---|---|
| Studio | $260 | $390 | $520 | $650 | $780 | $910 | $1,040 |
| 1BR | $278 | $417 | $557 | $696 | $835 | $974 | $1,114 |
| 2BR | $334 | $501 | $668 | $835 | $1,002 | $1,169 | $1,336 |
| 3BR | $386 | $579 | $772 | $965 | $1,158 | $1,351 | $1,544 |
| 4BR | $430 | $645 | $861 | $1,076 | $1,291 | $1,506 | $1,722 |
Gross rent includes utilities. Subtract the utility allowance for the rent you can charge.
| Household | 30% | 50% | 60% | 80% |
|---|---|---|---|---|
| 1 person | $15,600 | $26,000 | $31,200 | $41,600 |
| 2 persons | $17,820 | $29,700 | $35,640 | $47,520 |
| 3 persons | $20,040 | $33,400 | $40,080 | $53,440 |
| 4 persons | $22,260 | $37,100 | $44,520 | $59,360 |
| 5 persons | $24,060 | $40,100 | $48,120 | $64,160 |
| 6 persons | $25,830 | $43,050 | $51,660 | $68,880 |
| 7 persons | $27,630 | $46,050 | $55,260 | $73,680 |
| 8 persons | $29,400 | $49,000 | $58,800 | $78,400 |
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 Covington County to see the sources and uses, bond test, DSCR, and funding gap using these rents.