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AL/Jefferson County/Crane Hill

Crane Hill, AL

CitySAFMR
Jefferson County
Found 1 ZIP

City Median Investment Score

52Below average

095130300
BRFMR
Eff. Rent
0 BR$790$790
1 BR$800$800
2 BR$1,030$1,030
3 BR$1,360$1,360
4 BR$1,580$1,580
5 BR$1,817Not available
6 BR$2,090Not available
7 BR$2,403Not available
8 BR$2,763Not available

Purchase Price Calculator

Maximum purchase price
$91,141

Cost breakdown

+Likely effective rent$1,030
HUD FMRUsed$1,030
Market rentN/A
Est. payment standardN/A
-Principal and interest-$461
Loan amount$72,913
Down payment$18,228
Rate6.50%
Term30 years
-Operating costs-$369
Property taxes-$91
Insurance-$175
Utilities$0
HOA$0
Management-$103
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$16,820(92.3% ROI)
Projected value
$98,149
Return breakdown
Property appreciation+$7,008
Loan principal paid down+$2,612
Rental cash flow+$7,200
5-year hold
+$28,635(157.1% ROI)
Projected value
$103,118
Return breakdown
Property appreciation+$11,977
Loan principal paid down+$4,658
Rental cash flow+$12,000
10-year hold
+$60,627(332.6% ROI)
Projected value
$116,668
Return breakdown
Property appreciation+$25,527
Loan principal paid down+$11,100
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
--
Tax rate
--
Mortgage rate
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Crane Hill, AL fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Crane Hill, AL is $1,030 a month. That is up 10.8% from $930 in FY 2026. Crane Hill 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 Crane Hill is 6% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Crane Hill, AL
BedroomsFY 2027Change90–110% range
Studio$790+11.3%$711–$869
1BR$800+11.1%$720–$880
2BR$1,030+10.8%$927–$1,133
3BR$1,360+11.5%$1,224–$1,496
4BR$1,580+8.2%$1,422–$1,738

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Crane Hill, AL
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$790$800$1,030$1,360$1,580
FY 2026$710$720$930$1,220$1,460
FY 2025$750$760$1,000$1,290$1,490
FY 2024area FMR$983$1,109$1,245$1,570$1,752
FY 2023area FMR$866$942$1,075$1,376$1,494

Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.

Questions about Crane Hill, AL rents

How much will Section 8 pay for a two-bedroom in Crane Hill, AL?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,030, that basic range is $927 to $1,133 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 Crane Hill, AL in?

Crane Hill, 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 Crane Hill, AL for FY 2027?

The two-bedroom FMR rose 10.8%, from $930 in FY 2026 to $1,030 in FY 2027. Since FY 2025 it has risen 3.0%.

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