Montgomery, AL MSA · FY2026 area median income $88,800 · effective May 1, 2026
Check whether a deal here pencils →| Unit | 20% | 30% | 40% | 50% | 60% | 70% | 80% |
|---|---|---|---|---|---|---|---|
| Studio | $311 | $466 | $622 | $777 | $933 | $1,088 | $1,244 |
| 1BR | $333 | $499 | $666 | $833 | $999 | $1,166 | $1,333 |
| 2BR | $400 | $600 | $800 | $1,000 | $1,200 | $1,400 | $1,600 |
| 3BR | $462 | $693 | $924 | $1,155 | $1,386 | $1,617 | $1,848 |
| 4BR | $515 | $773 | $1,031 | $1,288 | $1,546 | $1,804 | $2,062 |
Gross rent includes utilities. Subtract the utility allowance for the rent you can charge.
| Household | 30% | 50% | 60% | 80% |
|---|---|---|---|---|
| 1 person | $18,660 | $31,100 | $37,320 | $49,760 |
| 2 persons | $21,330 | $35,550 | $42,660 | $56,880 |
| 3 persons | $24,000 | $40,000 | $48,000 | $64,000 |
| 4 persons | $26,640 | $44,400 | $53,280 | $71,040 |
| 5 persons | $28,800 | $48,000 | $57,600 | $76,800 |
| 6 persons | $30,930 | $51,550 | $61,860 | $82,480 |
| 7 persons | $33,060 | $55,100 | $66,120 | $88,160 |
| 8 persons | $35,190 | $58,650 | $70,380 | $93,840 |
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 Elmore County to see the sources and uses, bond test, DSCR, and funding gap using these rents.