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AL/Shelby County/Westover

Westover, AL

CitySAFMR
Shelby County
Found 1 ZIP
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City Median Investment Score

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095130300
BRFMR
Eff. Rent
0 BR$1,360$1,500
1 BR$1,460$1,610
2 BR$1,590$1,750
3 BR$2,000$1,890
4 BR$2,240$2,180
5 BR$2,576Not available
6 BR$2,962Not available
7 BR$3,407Not available
8 BR$3,918Not available

Purchase Price Calculator

Maximum purchase price
$198,133

Cost breakdown

+Likely effective rent$1,750
HUD FMR$1,590
Market rent$1,830
Est. payment standard (110%)Used$1,750
-Principal and interest-$1,002
Loan amount$158,506
Down payment$39,627
Rate6.50%
Term30 years
-Operating costs-$548
Property taxes-$198
Insurance-$175
Utilities$0
HOA$0
Management-$175
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$28,113(70.9% ROI)
Projected value
$213,367
Return breakdown
Property appreciation+$15,235
Loan principal paid down+$5,679
Rental cash flow+$7,200
5-year hold
+$48,163(121.5% ROI)
Projected value
$224,169
Return breakdown
Property appreciation+$26,036
Loan principal paid down+$10,127
Rental cash flow+$12,000
10-year hold
+$103,625(261.5% ROI)
Projected value
$253,627
Return breakdown
Property appreciation+$55,494
Loan principal paid down+$24,131
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.68
1 BR
0.71
2 BR
0.87
3 BR
1.06
4 BR
1.03
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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Westover, AL fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Westover, AL is $1,590 a month. That is up 8.9% from $1,460 in FY 2026. Westover 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 Westover is 63% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Westover, AL
BedroomsFY 2027Change90–110% range
Studio$1,360+15.3%$1,224–$1,496
1BR$1,460+9.8%$1,314–$1,606
2BR$1,590+8.9%$1,431–$1,749
3BR$2,000+9.3%$1,800–$2,200
4BR$2,240+7.7%$2,016–$2,464

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Westover, AL
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,360$1,460$1,590$2,000$2,240
FY 2026$1,180$1,330$1,460$1,830$2,080
FY 2025area FMR$998$1,144$1,267$1,583$1,791
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 Westover, AL rents

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

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,590, that basic range is $1,431 to $1,749 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 Westover, AL in?

Westover, 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 Westover, AL for FY 2027?

The two-bedroom FMR rose 8.9%, from $1,460 in FY 2026 to $1,590 in FY 2027.

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