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Jefferson County/Hayden/35079

35079

ZIPSAFMR
Jefferson County, AL
Zillow

ZIP Investment Score

84Below average

095130300
BRFMR
Eff. Rent
0 BR$900$900
1 BR$960$960
2 BR$1,050$1,050
3 BR$1,320$1,320
4 BR$1,480$1,480
5 BR$1,702Not available
6 BR$1,957Not available
7 BR$2,251Not available
8 BR$2,589Not available

Purchase Price Calculator

Maximum purchase price
$94,113

Cost breakdown

+Likely effective rent$1,050
HUD FMRUsed$1,050
Market rentN/A
Est. payment standardN/A
-Principal and interest-$476
Loan amount$75,290
Down payment$18,823
Rate6.50%
Term30 years
-Operating costs-$374
Property taxes-$94
Insurance-$175
Utilities$0
HOA$0
Management-$105
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$17,134(91.0% ROI)
Projected value
$101,349
Return breakdown
Property appreciation+$7,236
Loan principal paid down+$2,697
Rental cash flow+$7,200
5-year hold
+$29,178(155.0% ROI)
Projected value
$106,480
Return breakdown
Property appreciation+$12,367
Loan principal paid down+$4,810
Rental cash flow+$12,000
10-year hold
+$61,822(328.4% ROI)
Projected value
$120,473
Return breakdown
Property appreciation+$26,360
Loan principal paid down+$11,462
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
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Tax rate
--
Mortgage rate
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ZIP 35079 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 35079 (Hayden, AL) is $1,050 a month. That is up 2.9% from $1,020 in FY 2026. Hayden 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, 35079 is tied for the 80th-highest two-bedroom rent (county range $920–$2,060). The median county two-bedroom FMR in Alabama is $975, so ZIP 35079 is 8% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 35079
BedroomsFY 2027Change90–110% range
Studio$900+9.8%$810–$990
1BR$960+4.3%$864–$1,056
2BR$1,050+2.9%$945–$1,155
3BR$1,320+3.1%$1,188–$1,452
4BR$1,480+2.8%$1,332–$1,628

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 35079
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$900$960$1,050$1,320$1,480
FY 2026$820$920$1,020$1,280$1,440
FY 2025$890$1,000$1,130$1,420$1,580
FY 2024$850$960$1,080$1,360$1,520
FY 2023$720$780$890$1,140$1,240

Two-bedroom rent in nearby Jefferson County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 35079
35063$1,070+1.9%
35064$1,320+25.7%
35068$1,400+33.3%
35071$1,460+39.0%
35072$920−12.4%
35073$1,210+15.2%
35078$990−5.7%
35079Current$1,050—
35087$1,060+1.0%
35089$990−5.7%
35091$1,100+4.8%
35094$1,210+15.2%

Questions about ZIP 35079 rents

How much will Section 8 pay for a two-bedroom in ZIP 35079?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,050, that basic range is $945 to $1,155 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 35079 in?

ZIP 35079 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 35079 for FY 2027?

The two-bedroom FMR rose 2.9%, from $1,020 in FY 2026 to $1,050 in FY 2027. Since FY 2023 it has risen 18.0%.

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

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