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Talladega County/Bon Air/35032

35032

ZIPSAFMR
Talladega County, AL
Zillow

ZIP Investment Score

90Below average

095130300
BRFMR
Eff. Rent
0 BR$750$770
1 BR$780$740
2 BR$960$800
3 BR$1,260$860
4 BR$1,260$920
5 BR$1,449Not available
6 BR$1,666Not available
7 BR$1,916Not available
8 BR$2,204Not available

Purchase Price Calculator

Maximum purchase price
$56,963

Cost breakdown

+Likely effective rent$800
HUD FMR$960
Market rentUsed$800
Est. payment standard (90%)$860
-Principal and interest-$288
Loan amount$45,571
Down payment$11,393
Rate6.50%
Term30 years
-Operating costs-$312
Property taxes-$57
Insurance-$175
Utilities$0
HOA$0
Management-$80
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$13,213(116.0% ROI)
Projected value
$61,343
Return breakdown
Property appreciation+$4,380
Loan principal paid down+$1,633
Rental cash flow+$7,200
5-year hold
+$22,397(196.6% ROI)
Projected value
$64,449
Return breakdown
Property appreciation+$7,485
Loan principal paid down+$2,912
Rental cash flow+$12,000
10-year hold
+$46,892(411.6% ROI)
Projected value
$72,918
Return breakdown
Property appreciation+$15,955
Loan principal paid down+$6,938
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.96
1 BR
1.05
2 BR
1.20
3 BR
1.47
4 BR
1.37
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 35032 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 35032 (Bon Air, AL) is $960 a month. That is up 23.1% from $780 in FY 2026. Bon Air is in the Talladega County, AL non-metropolitan FMR area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the county-wide two-bedroom FMR of $977. Among 4 ZIP codes in Talladega County, 35032 has the 3rd-highest two-bedroom rent (county range $950–$980). The median county two-bedroom FMR in Alabama is $975, so ZIP 35032 is 2% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 35032
BedroomsFY 2027Change90–110% range
Studio$750+38.9%$675–$825
1BR$780+20.0%$702–$858
2BR$960+23.1%$864–$1,056
3BR$1,260+18.9%$1,134–$1,386
4BR$1,260+17.8%$1,134–$1,386

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 35032
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$750$780$960$1,260$1,260
FY 2026$540$650$780$1,060$1,070
FY 2025$560$640$820$1,140$1,170
FY 2024area FMR$615$693$908$1,264$1,299
FY 2023area FMR$504$573$754$1,033$1,102

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

Two-bedroom rent in nearby Talladega County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 35032
35014$980+2.1%
35032Current$960—
35044$950−1.0%
35149$980+2.1%

Questions about ZIP 35032 rents

How much will Section 8 pay for a two-bedroom in ZIP 35032?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $977, which applies unless the housing authority uses Small Area FMRs, that basic range is $879 to $1,075 a month; under the ZIP-level Small Area FMR of $960 it would be $864 to $1,056. 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 ZIP 35032 in?

ZIP 35032 is in the Talladega County, AL non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $977.

How much did fair market rent change in ZIP 35032 for FY 2027?

The two-bedroom FMR rose 23.1%, from $780 in FY 2026 to $960 in FY 2027. Since FY 2025 it has risen 17.1%.

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

County fair market rentBon Air, AL fair market rentAL statewide rentsWhat is SAFMR?Data sources