Rental numbers for Elmore County, AL
The typical home here runs -$674 a month at 7.78% with 25% down, breaking even at about 2.4%. 0 of 2 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 7.3%.
- Gross yield
- 6.4%
- typical home, Zillow
- Median ZIP yield
- 7.3%
- 2 ZIPs with full data
- Cash flow
- -$674/mo
- at 7.78%, 25% down
- Typical price
- $273,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $1,459/mo
- Zillow ZORI, Aug 2026
ZIP codes in Elmore County
9 with published figures
| 36054Millbrook | $224,000 | $1,414 | 7.6% | 4.3% | -$403 | +6.8% |
| 36092Wetumpka | $235,000 | $1,370 | 7.0% | 3.9% | -$510 | n/a |
| 36078Tallassee | $196,000 | $900* | 5.5% | 2.4% | -$659 | n/a |
| 36025Elmore | $243,000 | $1,080* | 5.3% | 2.4% | -$819 | n/a |
| 36020Coosada | $215,000 | $940* | 5.3% | 2.3% | -$752 | n/a |
| 36022Deatsville | $297,000 | $980* | 4.0% | 1.4% | -$1,245 | n/a |
| 36080Titus | $314,000 | $1,000* | 3.8% | 1.3% | -$1,340 | n/a |
| 36093Wetumpka | $339,000 | $1,050* | 3.7% | 1.3% | -$1,456 | n/a |
| 36024Eclectic | $365,000 | $900* | 3.0% | 0.7% | -$1,769 | n/a |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- +4.7%
- Rent, 12 months
- +4.9%
- Rent minus price growth
- +0.2 pts
- Property tax
- 0.27%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $214,529 | n/a |
| Aug 2022 | $236,796 | $1,177 |
| Aug 2023 | $245,378 | $1,270 |
| Aug 2024 | $251,909 | $1,326 |
| Aug 2025 | $260,384 | $1,391 |
| Aug 2026 | $272,630 | $1,459 |
HUD Fair Market Rent
FY2027, Montgomery, AL MSA
| Bedrooms | Studio | 1 bed | 2 bed | 3 bed | 4 bed |
|---|---|---|---|---|---|
| Fair Market Rent | $986 | $1,003 | $1,150 | $1,476 | $1,708 |
The 40th percentile gross rent for a standard unit, set by HUD each October and used for Section 8 payment standards. It runs below market rent; Zillow's index is shown above where it exists.
Supply
- Permits per 1,000 households
- 4.0
- 131 units, last 12 months
- National percentile
- 42th
- among US counties
Tools
Test a listing in Elmore County against today's rate.
Open the calculatorPart of the Montgomery, AL metro.
Questions
- Is Elmore County good for rental property?
- The typical home here runs -$674 a month at 7.78% with 25% down, breaking even at about 2.4%. 0 of 2 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 7.3%. The figures use a typical home, 7.78% with 25% down and default costs shown on each ZIP page. They describe the market, not any one property.
- What is the property tax rate in Elmore County?
- About 0.27% of value, from Census ACS median taxes paid over median home value. On a $273,000 home that is about $742 a year.
- What is Fair Market Rent in Elmore County?
- HUD's FY2027 Fair Market Rent here is $1,003 for a 1-bedroom, $1,150 for a 2-bedroom and $1,476 for a 3-bedroom. Typical cash flow at today's rate is -$674 a month.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- HUD Fair Market Rents by county, FY2027
US Department of Housing and Urban Development. Read: FY2027.
County rent by bedroom count on county pages.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
- Building Permits Survey, county monthly files
US Census Bureau. Read: 2025-09 to 2026-08.
New housing units permitted in the last 12 months per 1,000 households, a supply-pressure signal.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.