FMR is below market; voucher rent may lag private rents.
0.88
1 BR
1 BR- 35135
0.92ratio
FMR$1,290
Market$1,400
vs market-$110
FMR is near market; voucher and private rents are aligned.
0.92
2 BR
2 BR- 35135
1.04ratio
FMR$1,400
Market$1,350
vs market+$50
FMR is near market; voucher and private rents are aligned.
1.04
3 BR
3 BR- 35135
1.20ratio
FMR$1,760
Market$1,470
vs market+$290
FMR is above market; underwrite to market rent.
1.20
4 BR
4 BR- 35135
1.07ratio
FMR$1,980
Market$1,850
vs market+$130
FMR is near market; voucher and private rents are aligned.
1.07
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
--
Riverside, AL fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Riverside, AL is $1,400 a month. That is up 12.0% from $1,250 in FY 2026. Riverside 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 Riverside is 44% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Riverside, AL
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,010
$1,200
+18.8%
$1,080–$1,320
1BR
$1,140
$1,290
+13.2%
$1,161–$1,419
2BR
$1,250
$1,400
+12.0%
$1,260–$1,540
3BR
$1,560
$1,760
+12.8%
$1,584–$1,936
4BR
$1,780
$1,980
+11.2%
$1,782–$2,178
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Riverside, AL
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,200
$1,290
$1,400
$1,760
$1,980
FY 2026
$1,010
$1,140
$1,250
$1,560
$1,780
FY 2025
$990
$1,140
$1,260
$1,570
$1,780
FY 2024
$970
$1,100
$1,230
$1,550
$1,730
FY 2023
$840
$910
$1,040
$1,330
$1,450
Questions about Riverside, AL rents
How much will Section 8 pay for a two-bedroom in Riverside, AL?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,400, that basic range is $1,260 to $1,540 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 Riverside, AL in?
Riverside, 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 Riverside, AL for FY 2027?
The two-bedroom FMR rose 12.0%, from $1,250 in FY 2026 to $1,400 in FY 2027. Since FY 2023 it has risen 34.6%.
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