For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 35048 (Clay, AL) is $1,370 a month. That is up 8.7% from $1,260 in FY 2026. Clay 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, 35048 is tied for the 26th-highest two-bedroom rent (county range $920–$2,060). The median county two-bedroom FMR in Alabama is $975, so ZIP 35048 is 41% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 35048
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,020
$1,170
+14.7%
$1,053–$1,287
1BR
$1,150
$1,260
+9.6%
$1,134–$1,386
2BR
$1,260
$1,370
+8.7%
$1,233–$1,507
3BR
$1,580
$1,720
+8.9%
$1,548–$1,892
4BR
$1,790
$1,930
+7.8%
$1,737–$2,123
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 35048
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,170
$1,260
$1,370
$1,720
$1,930
FY 2026
$1,020
$1,150
$1,260
$1,580
$1,790
FY 2025
$990
$1,140
$1,260
$1,570
$1,780
FY 2024
$980
$1,100
$1,240
$1,560
$1,750
FY 2023
$860
$940
$1,070
$1,370
$1,490
Two-bedroom rent in nearby Jefferson County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 35048?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,370, that basic range is $1,233 to $1,507 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 35048 in?
ZIP 35048 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 35048 for FY 2027?
The two-bedroom FMR rose 8.7%, from $1,260 in FY 2026 to $1,370 in FY 2027. Since FY 2023 it has risen 28.0%.
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