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Shelby County/Helena/35080

35080

ZIPSAFMR
Shelby County, AL
Zillow

ZIP Investment Score

98Above average

095130300
BRFMR
Eff. Rent
0 BR$1,650$1,790
1 BR$1,770$1,460
2 BR$1,930$1,470
3 BR$2,420$1,880
4 BR$2,720$2,100
5 BR$3,128Not available
6 BR$3,597Not available
7 BR$4,137Not available
8 BR$4,757Not available

Purchase Price Calculator

Maximum purchase price
$156,525

Cost breakdown

+Likely effective rent$1,470
HUD FMR$1,930
Market rentUsed$1,470
Est. payment standard (90%)$1,740
-Principal and interest-$791
Loan amount$125,220
Down payment$31,305
Rate6.50%
Term30 years
-Operating costs-$479
Property taxes-$157
Insurance-$175
Utilities$0
HOA$0
Management-$147
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$23,722(75.8% ROI)
Projected value
$168,560
Return breakdown
Property appreciation+$12,035
Loan principal paid down+$4,486
Rental cash flow+$7,200
5-year hold
+$40,569(129.6% ROI)
Projected value
$177,094
Return breakdown
Property appreciation+$20,569
Loan principal paid down+$8,000
Rental cash flow+$12,000
10-year hold
+$86,904(277.6% ROI)
Projected value
$200,365
Return breakdown
Property appreciation+$43,840
Loan principal paid down+$19,063
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.89
1 BR
1.21
2 BR
1.31
3 BR
1.29
4 BR
1.30
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 35080 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 35080 (Helena, AL) is $1,930 a month. That is up 8.4% from $1,780 in FY 2026. Helena 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 10 ZIP codes in Shelby County, 35080 has the highest two-bedroom rent (county range $1,060–$1,930). The median county two-bedroom FMR in Alabama is $975, so ZIP 35080 is 98% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 35080
BedroomsFY 2027Change90–110% range
Studio$1,650+14.6%$1,485–$1,815
1BR$1,770+9.3%$1,593–$1,947
2BR$1,930+8.4%$1,737–$2,123
3BR$2,420+8.5%$2,178–$2,662
4BR$2,720+7.5%$2,448–$2,992

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 35080
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,650$1,770$1,930$2,420$2,720
FY 2026$1,440$1,620$1,780$2,230$2,530
FY 2025$1,450$1,660$1,840$2,300$2,600
FY 2024$1,460$1,650$1,850$2,330$2,600
FY 2023$1,290$1,400$1,600$2,050$2,220

Two-bedroom rent in nearby Shelby County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 35080
35007$1,540−20.2%
35043$1,580−18.1%
35051$1,060−45.1%
35080Current$1,930—
35114$1,330−31.1%
35124$1,800−6.7%
35147$1,910−1.0%
35176$1,060−45.1%
35185$1,590−17.6%
35238$1,590−17.6%

Questions about ZIP 35080 rents

How much will Section 8 pay for a two-bedroom in ZIP 35080?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,930, that basic range is $1,737 to $2,123 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 35080 in?

ZIP 35080 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 35080 for FY 2027?

The two-bedroom FMR rose 8.4%, from $1,780 in FY 2026 to $1,930 in FY 2027. Since FY 2023 it has risen 20.6%.

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