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Jefferson County/Brent/35034

35034

ZIPSAFMR
Jefferson County, AL
Zillow

ZIP Investment Score

86Below average

095130300
BRFMR
Eff. Rent
0 BR$840$840
1 BR$900$900
2 BR$980$980
3 BR$1,230$1,230
4 BR$1,390$1,390
5 BR$1,598Not available
6 BR$1,838Not available
7 BR$2,114Not available
8 BR$2,431Not available

Purchase Price Calculator

Maximum purchase price
$83,711

Cost breakdown

+Likely effective rent$980
HUD FMRUsed$980
Market rentN/A
Est. payment standardN/A
-Principal and interest-$423
Loan amount$66,969
Down payment$16,742
Rate6.50%
Term30 years
-Operating costs-$357
Property taxes-$84
Insurance-$175
Utilities$0
HOA$0
Management-$98
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$16,036(95.8% ROI)
Projected value
$90,148
Return breakdown
Property appreciation+$6,437
Loan principal paid down+$2,399
Rental cash flow+$7,200
5-year hold
+$27,279(162.9% ROI)
Projected value
$94,711
Return breakdown
Property appreciation+$11,000
Loan principal paid down+$4,279
Rental cash flow+$12,000
10-year hold
+$57,641(344.3% ROI)
Projected value
$107,157
Return breakdown
Property appreciation+$23,446
Loan principal paid down+$10,195
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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ZIP 35034 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 35034 (Brent, AL) is $980 a month. That is down 3.9% from $1,020 in FY 2026. Brent 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. Among 108 ZIP codes in Jefferson County, 35034 has the 91st-highest two-bedroom rent (county range $920–$2,060).

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 35034
BedroomsFY 2027Change90–110% range
Studio$840+3.7%$756–$924
1BR$9000.0%$810–$990
2BR$980−3.9%$882–$1,078
3BR$1,230−3.9%$1,107–$1,353
4BR$1,390−2.8%$1,251–$1,529

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 35034
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$840$900$980$1,230$1,390
FY 2026$810$900$1,020$1,280$1,430
FY 2025$890$1,000$1,130$1,420$1,580
FY 2024$780$880$990$1,250$1,390
FY 2023$710$770$880$1,130$1,220

Two-bedroom rent in nearby Jefferson County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 35034
35020$1,120+14.3%
35021$1,370+39.8%
35022$1,210+23.5%
35023$1,420+44.9%
35033$1,230+25.5%
35034Current$980—
35036$1,250+27.6%
35040$1,750+78.6%
35042$920−6.1%
35046$920−6.1%
35048$1,370+39.8%
35053$1,030+5.1%

Questions about ZIP 35034 rents

How much will Section 8 pay for a two-bedroom in ZIP 35034?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $980, that basic range is $882 to $1,078 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 ZIP 35034 in?

ZIP 35034 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 ZIP 35034 for FY 2027?

The two-bedroom FMR fell 3.9%, from $1,020 in FY 2026 to $980 in FY 2027. Since FY 2023 it has risen 11.4%.

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 rentBrent, AL fair market rentAL statewide rentsWhat is SAFMR?Data sources