35074

ZIPSAFMR

Bibb County, AL

ZIP Investment Score

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$830	$910	0.8%
1 BR	$890	$980	-0.4%
2 BR	$970	$1,070	-2.0%
3 BR	$1,220	$1,340	-2.1%
4 BR	$1,370	$1,510	-1.4%
5 BR	$1,575	Not available	-1.4%
6 BR	$1,812	Not available	-1.4%
7 BR	$2,084	Not available	-1.4%
8 BR	$2,396	Not available	-1.4%

Purchase Price Calculator

Maximum purchase price

$97,085

Cost breakdown

+Likely effective rent$1,070

HUD FMR$970

Market rent$1,450

Est. payment standard (110%)Used$1,070

-Principal and interest-$491

Loan amount$77,668

Down payment$19,417

Rate6.50%

Term30 years

-Operating costs-$379

Property taxes-$97

Insurance-$175

Utilities$0

HOA$0

Management-$107

=Target cash flow+$200

Calculation mode

BedroomsCash-flow target

Down payment methodDown payment %

HOA / mo

Utilities methodUtilities amount

Management methodManagement % of rent

Hold period projections

Annual appreciation rate

3-year hold

+$17,448(89.9% ROI)

Projected value

$104,550

Return breakdown

Property appreciation+$7,465

Loan principal paid down+$2,783

Rental cash flow+$7,200

5-year hold

+$29,720(153.1% ROI)

Projected value

$109,843

Return breakdown

Property appreciation+$12,758

Loan principal paid down+$4,962

Rental cash flow+$12,000

10-year hold

+$63,016(324.5% ROI)

Projected value

$124,277

Return breakdown

Property appreciation+$27,192

Loan principal paid down+$11,824

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

0.60ratio

FMR$830

Market$1,380

vs market-$550

FMR is below market; voucher rent may lag private rents.

0.60

1 BR

0.77ratio

FMR$890

Market$1,160

vs market-$270

FMR is below market; voucher rent may lag private rents.

0.77

2 BR

0.67ratio

FMR$970

Market$1,450

vs market-$480

FMR is below market; voucher rent may lag private rents.

0.67

3 BR

0.71ratio

FMR$1,220

Market$1,710

vs market-$490

FMR is below market; voucher rent may lag private rents.

0.71

4 BR

0.69ratio

FMR$1,370

Market$1,980

vs market-$610

FMR is below market; voucher rent may lag private rents.

0.69

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: --

ZIP 35074 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 35074 (Green Pond, AL) is $970 a month. That is down 9.3% from $1,070 in FY 2026. Green Pond 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 3 ZIP codes in Bibb County, 35074 has the 3rd-highest two-bedroom rent (county range $970–$1,040).

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 35074
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$870	$830	−4.6%	$747–$913
1BR	$960	$890	−7.3%	$801–$979
2BR	$1,070	$970	−9.3%	$873–$1,067
3BR	$1,340	$1,220	−9.0%	$1,098–$1,342
4BR	$1,500	$1,370	−8.7%	$1,233–$1,507

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 35074
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$830	$890	$970	$1,220	$1,370
FY 2026	$870	$960	$1,070	$1,340	$1,500
FY 2025	$890	$1,000	$1,130	$1,420	$1,580
FY 2024	$810	$900	$1,030	$1,300	$1,430
FY 2023	$730	$780	$910	$1,160	$1,260

Two-bedroom rent in nearby Bibb County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 35074
35035	$990	+2.1%
35074Current	$970	—
35184	$1,040	+7.2%

Questions about ZIP 35074 rents

How much will Section 8 pay for a two-bedroom in ZIP 35074?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $970, that basic range is $873 to $1,067 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 35074 in?

ZIP 35074 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 35074 for FY 2027?

The two-bedroom FMR fell 9.3%, from $1,070 in FY 2026 to $970 in FY 2027. Since FY 2023 it has risen 6.6%.

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

County fair market rent Green Pond, AL fair market rent AL statewide rents What is SAFMR?Data sources