FMR is below market; voucher rent may lag private rents.
0.66
1 BR
1 BR- 35043
0.77ratio
FMR$1,450
Market$1,890
vs market-$440
FMR is below market; voucher rent may lag private rents.
0.77
2 BR
2 BR- 35043
0.97ratio
FMR$1,580
Market$1,630
vs market-$50
FMR is near market; voucher and private rents are aligned.
0.97
3 BR
3 BR- 35043
1.13ratio
FMR$1,980
Market$1,760
vs market+$220
FMR is above market; underwrite to market rent.
1.13
4 BR
4 BR- 35043
1.02ratio
FMR$2,230
Market$2,180
vs market+$50
FMR is near market; voucher and private rents are aligned.
1.02
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
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Chelsea, AL fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Chelsea, AL is $1,580 a month. That is up 7.5% from $1,470 in FY 2026. Chelsea is in the Birmingham-Hoover, AL HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. The median county two-bedroom FMR in Alabama is $975, so Chelsea is 62% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Chelsea, AL
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,190
$1,350
+13.4%
$1,215–$1,485
1BR
$1,340
$1,450
+8.2%
$1,305–$1,595
2BR
$1,470
$1,580
+7.5%
$1,422–$1,738
3BR
$1,840
$1,980
+7.6%
$1,782–$2,178
4BR
$2,090
$2,230
+6.7%
$2,007–$2,453
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Chelsea, AL
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,350
$1,450
$1,580
$1,980
$2,230
FY 2026
$1,190
$1,340
$1,470
$1,840
$2,090
FY 2025
$1,170
$1,350
$1,490
$1,860
$2,110
FY 2024
$1,170
$1,270
$1,450
$1,860
$2,020
FY 2023
$1,300
$1,410
$1,610
$2,060
$2,240
Questions about Chelsea, AL rents
How much will Section 8 pay for a two-bedroom in Chelsea, AL?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,580, that basic range is $1,422 to $1,738 a month. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.
Which HUD fair market rent area is Chelsea, AL in?
Chelsea, AL is in the Birmingham-Hoover, AL HUD Metro FMR Area. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.
How much did fair market rent change in Chelsea, AL for FY 2027?
The two-bedroom FMR rose 7.5%, from $1,470 in FY 2026 to $1,580 in FY 2027. Since FY 2023 it has fallen 1.9%.
When do FY 2027 fair market rents take effect?
HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.
Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set