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FY2017 Hypothetical Small Area FMRs For Morgan County, AL

In metropolitan areas, HUD defines Small Areas using ZIP Codes within the metropolitan area. Using ZIP codes as the basis for FMRs provides tenants with greater ability to move into ?Opportunity Neighborhoods? with jobs, public transportation, and good schools. They also provide for multiple payment standards within a metropolitan area, and they are likely to reduce need for extensive market area rent reasonableness studies. Lastly, HUD hopes that setting FMRs for each ZIP code will reduce overpayment in lower-rent areas.

Morgan County is part of the Decatur, AL MSA.

Morgan County, AL Hypothetical Small Area FMRs By Unit Bedrooms
ZIP Code Efficiency One-Bedroom Two-Bedroom Three-Bedroom Four-Bedroom ZIP/CBSA Ratio
35016 $430 $520 $650 $870 $910 1.013
35019 $430 $520 $650 $870 $910 1.013
35058 $430 $520 $650 $870 $910 1.013
35087 $430 $520 $650 $870 $910 1.013
35175 $410 $500 $620 $830 $870 0.975
35179 $430 $520 $650 $870 $910 1.019
35601 $430 $510 $640 $850 $890 1.001
35602 $430 $520 $650 $870 $910 1.013
35603 $440 $530 $660 $880 $920 1.024
35619 $440 $530 $660 $880 $920 1.026
35621 $430 $520 $650 $870 $910 1.013
35622 $480 $580 $720 $960 $1,010 1.117
35640 $420 $510 $630 $840 $880 0.978
35670 $440 $530 $660 $880 $920 1.025
35673 $450 $550 $680 $910 $950 1.065
35754 $410 $500 $620 $830 $870 0.950
35775 $430 $520 $650 $870 $910 1.013

* Small Area FMRs presented with an asterisk are calculated in accordance with the Guidance For Preparing Comments on Small Area FMRs available at here.

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