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Docena, AL

CitySAFMR
Jefferson County
Found 1 ZIP
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City Median Investment Score

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095130300
BRFMR
Eff. Rent
0 BR$1,050$930
1 BR$1,130$810
2 BR$1,230$930
3 BR$1,540$1,250
4 BR$1,730$1,490
5 BR$1,989Not available
6 BR$2,288Not available
7 BR$2,631Not available
8 BR$3,026Not available

Purchase Price Calculator

Maximum purchase price
$76,281

Cost breakdown

+Likely effective rent$930
HUD FMR$1,230
Market rentUsed$930
Est. payment standard (90%)$1,110
-Principal and interest-$386
Loan amount$61,025
Down payment$15,256
Rate6.50%
Term30 years
-Operating costs-$344
Property taxes-$76
Insurance-$175
Utilities$0
HOA$0
Management-$93
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$15,252(100.0% ROI)
Projected value
$82,146
Return breakdown
Property appreciation+$5,865
Loan principal paid down+$2,186
Rental cash flow+$7,200
5-year hold
+$25,923(169.9% ROI)
Projected value
$86,305
Return breakdown
Property appreciation+$10,024
Loan principal paid down+$3,899
Rental cash flow+$12,000
10-year hold
+$54,656(358.3% ROI)
Projected value
$97,646
Return breakdown
Property appreciation+$21,365
Loan principal paid down+$9,290
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.13
1 BR
1.40
2 BR
1.32
3 BR
1.23
4 BR
1.16
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
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Tax rate
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Mortgage rate
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Docena, AL fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Docena, AL is $1,230 a month. That is up 10.8% from $1,110 in FY 2026. Docena 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 Docena is 26% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Docena, AL
BedroomsFY 2027Change90–110% range
Studio$1,050+16.7%$945–$1,155
1BR$1,130+11.9%$1,017–$1,243
2BR$1,230+10.8%$1,107–$1,353
3BR$1,540+10.0%$1,386–$1,694
4BR$1,730+8.8%$1,557–$1,903

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Docena, AL
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,050$1,130$1,230$1,540$1,730
FY 2026$900$1,010$1,110$1,400$1,590
FY 2025$890$1,000$1,130$1,420$1,580
FY 2024$860$970$1,090$1,370$1,530
FY 2023$760$830$950$1,220$1,320

Questions about Docena, AL rents

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

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,230, that basic range is $1,107 to $1,353 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 Docena, AL in?

Docena, 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 Docena, AL for FY 2027?

The two-bedroom FMR rose 10.8%, from $1,110 in FY 2026 to $1,230 in FY 2027. Since FY 2023 it has risen 29.5%.

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